ECONOMIC CONDITIONS: War begins in Bosnia; European Union established
REGULATORY CHANGES: J.P. Morgan introduces the first credit default swap (CDS)
PRESIDENT: Bill Clinton elected
SECRETARY OF THE TREASURY: Nicholas F Brady
SECRETARY OF STATE: James Baker, Lawrence Eagleburger
SECRETARY OF DEFENSE: Dick Cheney
SUPREME COURT:
CONGRESS: Speaker, Tom Foley (D)
FEDERAL RESERVE CHAIRMAN: Alan Greenspan
NY FEDERAL RESERVE: E Gerald Corrigan, President
HIGHEST PAID CEO: Anthony O’Reilly – HJ Heinz
$75,091,000
Inflation adjusted: $111,148,000
BUSINESS ROUNDTABLE: John Ong, CEO & Chairman of BF Goodrich, Chairman
COUNCIL ON FOREIGN RELATIONS: Peter Peterson, Chairman
KEY BANK MERGERS: BankAmerica and Security Pacific; KeyCorp and Puget Sound National; Barnett and First Florida; Comerica and Manufacturers; NBD and INB; Chemical and Manufacturers Hanover
KEY NON-BANK MERGERS:
CORPORATE GOVERNANCE