ECONOMIC CONDITIONS:
REGULATORY CHANGES:
PRESIDENT: George Bush
SECRETARY OF THE TREASURY: Nicholas F Brady
SECRETARY OF STATE: James Baker
SECRETARY OF DEFENSE: Dick Cheney
SUPREME COURT: Clarence Thomas (’91-Present)
CONGRESS: Speaker, Tom Foley (D)
FEDERAL RESERVE CHAIRMAN: Alan Greenspan
NY FEDERAL RESERVE: E Gerald Corrigan, President
HIGHEST PAID CEO: Steven Ross – Time Warner
$78,113,000
Inflation adjusted: $120,486,000
BUSINESS ROUNDTABLE: Drew Lewis, CEO & Chairman of Union Pacific, Chairman
COUNCIL ON FOREIGN RELATIONS: Peter Peterson, Chairman
KEY BANK MERGERS: Fleet/Norstar and Bank of New England; NCNB and C&S/Sovran; Norwest and United Bank of Denver; Wachovia and South Carolina National; First Union and Southeast Banking; Society and Ameritrust
KEY NON-BANK MERGERS: Delta and Pan Am; AT&T and NCR
CORPORATE GOVERNANCE: Bob Monks initiates first Sears campaign; publishes Power & Accountability with Nell Minow