ECONOMIC CONDITIONS: Wall Street boom period ends with October 19 stock market plunge; Savings & Loan crisis begins – over seven hundred U.S. S&Ls fail between 1986 and 1991
REGULATORY CHANGES:
PRESIDENT: Ronald Reagan
SECRETARY OF THE TREASURY: James Baker
SECRETARY OF STATE: George P. Shulz
SECRETARY OF DEFENSE: Caspar Weinberger
SUPREME COURT:
CONGRESS: Speaker, Jim Wright (D)
FEDERAL RESERVE CHAIRMAN: Alan Greenspan
NY FEDERAL RESERVE: E Gerald Corrigan, President
HIGHEST PAID CEO: Lee Iacocca – Chrysler
$20,578,000
Inflation adjusted: $37,852,000
BUSINESS ROUNDTABLE: Roger Smith, CEO & Chairman of General Motors
COUNCIL ON FOREIGN RELATIONS: Peter Peterson, Chairman
KEY BANK MERGERS: Chemical New York and Texas Commerce; Fidelity Bank and First Fidelity; RepublicBank and Interfirst; Security Pacific and Rainier National; Sovran and Commerce Union; US Bancorp and Peoples National Bank of Washington; Fleet Financial and Norstar; First Union and Atlantic National Bank of Florida
KEY NON-BANK MERGERS: BP and Standard Oil of Ohio; KMG Group and Peat Marwick; Delta and Western Airlines; Chrysler and American Motors; Greyhound and Trailways
CORPORATE GOVERNANCE: