Word: sectored
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...Kennedy School plans to recruit candidates from the private sector and from an levels of government. "Political economics becoming more and more important at the state at becoming more important at the state and local level as well," England said...
Pickens has made more than $800 million for Mesa and its partners in the past three years by all but rearranging the map of a key sector of corporate America. The consequences of his actions have been stunning. They have resulted in the end of Gulf Oil, Cities Service and others as independent companies. Pickens last year forced Gulf (1984 sales: $28.4 billion), the fifth largest U.S. oil company, to sell out to No. 4 Chevron ($29.2 billion) for $13.2 billion in the biggest merger in business history. The Pickens group's profit on that deal: $760 million. Earlier...
...come to accept racial preference in hiring and school admissions. "Affirmative action is alive and well in this country," says Barbara Schlei, a Los Angeles attorney who represents management in employment cases. Nonetheless, the climate that nurtured affirmative action has begun to cool perceptibly. "Most companies in the private sector are providing no more than lip service to affirmative action," says Milton Vickers, director of minority business development for Dade County, Fla. "There has been little monitoring for the past four or five years, and you can tell...
Despite the go-slow signals emanating from Washington, many employers in the private sector continue to practice affirmative action. Says Thomas Hunt, an employment-discrimination lawyer in Los Angeles: "I don't get the type of resistance to affirmative action I did ten or 15 years ago. In the midst of this success, Reynolds is just a speck on the ceiling shooting his mouth off." Hunt estimates that at least 60% of the nation's companies now use goals and timetables. He knows of none that have abandoned them since Reagan came to office...
Following a stint as Secretary of HEW, Weinberger returned to California and the private sector as special counsel to Bechtel Corp., the huge engineering firm. The allure was plain: Weinberger was soon making more than $500,000 a year. Yet friends say that he quickly began to miss both public office and his life in the East. Unlike many California conservatives, observed Nicholas Lemann in a penetrating article about Weinberger in the Atlantic, he felt no bitterness "toward the culture of the Eastern liberal Establishment. Weinberger loved that world and considered himself a part of it." The Weinbergers have since...