ECONOMIC CONDITIONS: Granada invasion
REGULATORY CHANGES: Salomon Brothers and First Boston create the first collateralized debt obligations (CDOs)
PRESIDENT: Ronald Reagan
SECRETARY OF THE TREASURY: Donald Regan
SECRETARY OF STATE: George P. Shulz
SECRETARY OF DEFENSE: Caspar Weinberger
SUPREME COURT:
CONGRESS: Speaker, Tip O’Neill (D)
FEDERAL RESERVE CHAIRMAN: Paul Volcker
NY FEDERAL RESERVE: Anthony M Solomon, President
HIGHEST PAID CEO: Frederick Smith – Federal Express
$51,544,000
Inflation adjusted: $107,682,000
BUSINESS ROUNDTABLE: Ruben Mettler, CEO & Chairman of TRW, Chairman
COUNCIL ON FOREIGN RELATIONS: David Rockefeller, Chairman
KEY BANK MERGERS: Mellon National and Girard; BankAmerica and Seafirst
KEY NON-BANK MERGERS:
CORPORATE GOVERNANCE: