Word: reganisms
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Dates: during 1980-1980
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Both studied at Harvard, as did Regan, Lewis and Stockman; Baldrige graduated from Yale...
...nation's largest brokerage house reads MERRILL LYNCH IS BULLISH ON AMERICA. In naming a Treasury Secretary, Ronald Reagan wanted to send a similar message of confidence to the nation, especially its business community. Who better to carry it than Merrill Lynch's own chairman, Donald Thomas Regan...
...William Simon and Citicorp Chairman Walter Wriston had been counted out. Some members of Reagan's transition team were surprised and soured by the decision. They felt that the post should have gone to former Treasury Undersecretary Charls Walker or Reagan Economic Adviser Alan Greenspan. The selection of Regan, 61, seems to have been the handiwork of Reagan's campaign chairman, CIA Director-designate William Casey, who got to know the Merrill Lynch chief when Casey was chairman of the Securities and Exchange Commission in the early 1970s...
...English major at Harvard ('40) and avid golfer (he shoots in the low 90s), Regan learned his hard-driving management style as a Marine lieutenant colonel during combat in the Pacific. Says Regan, whose Irish temper flares quickly at subordinates who do not meet his expectations: "I don't like laziness or sloppiness or slovenliness." After World War II, he joined Merrill Lynch, became its president in 1968 and chairman in 1971. Under his leadership, the firm, already biggest in the U.S. securities industry, became a financial supermarket with thriving new lines of business in insurance, real estate...
Businessmen regard Regan as sensitive to their need to raise new capital to spur investment, industrial growth and productivity-all the things that the "Reaganauts" claim must be done if inflation is to be stemmed and the economy steered along a path of robust recovery. There are, however, some reservations about Regan among career officials at Treasury. As Merrill Lynch's chairman, he rarely expressed thoughts about economic policies beyond stating their impact on the securities industry. For instance, in a speech last month to the senior staff of the New York Stock Exchange, he declared, "Most...