Word: offing
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Dates: during 1960-1960
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Clarence Douglas Dillon, 51. Two days before Jack Kennedy named him Secretary of the Treasury, Under Secretary of State for Economic Affairs Douglas Dillon met in Paris with diplomats from 19 other nations to sign the charter of a new international outfit called the Organization for Economic Cooperation and Development...
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Son of a top Manhattan investment banker (Dillon, Read & Co.), Dillon was born in Geneva while his parents were on a Grand Tour, went to Groton and Harvard (magna cum laude, '31). After graduation he bought a seat on the New York Stock Exchange for $185,000 and joined...
A solid Republican, Dillon wrote foreign-policy speeches for Dewey in 1948, was an early bird for Ike in 1951. After the 1952 campaign, he was rewarded with the ambassadorship to Paris. No post could have made Dillon happier. His family owned one of the finest vineyards in the Bordeaux...
Nevertheless, the Quai d'Orsay was skeptical of a 43-year-old investment banker who was innocent of diplomatic experience. France was in a state of upheaval: Indo-China was falling, Algeria was on fire, and Suez was threatening. Dillon handled himself with unspectacular competence, won French government gratitude...