ECONOMIC CONDITIONS:
REGULATORY CHANGES: Congress passes the Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999; Fannie Mae eases subprime credit requirements
PRESIDENT: Bill Clinton
SECRETARY OF THE TREASURY: Robert Rubin; Lawrence Summers
SECRETARY OF STATE: Madeleine Albright
SECRETARY OF DEFENSE: William S. Cohen
SUPREME COURT:
CONGRESS: Speaker, Dennis Hastert (R)
FEDERAL RESERVE CHAIRMAN: Alan Greenspan
NY FEDERAL RESERVE: William J McDonough, President
HIGHEST PAID CEO: Michael Eisner – Walt Disney
$589,101,000
Inflation adjusted: $728,606,000
BUSINESS ROUNDTABLE: Dana G. Mead, CEO & Chairman of Tenneco, Chairman; Robert Burt, CEO & Chairman of FMC Corp, Chairman
COUNCIL ON FOREIGN RELATIONS: Peter Peterson, Chairman
KEY BANK MERGERS: Fleet Financial and BankBoston; Deutsche Bank and Bankers Trust; HSBC Holdings and Republic New York; Firstar and Mercantile Bancorporation; AmSouth Bancorporation and First American National; Sumitomo Bank and Sakura Bank; BNP and Paribas
KEY NON-BANK MERGERS: Exxon and Mobil; Vodafone and Airtouch; Vodafone Airtouch and Mannesmann; Pfizer and Warner-Lambert; SBC Communications and Ameritech; Qwest and US WEST; Ford and Volvo; GM and Isuzu; American Home Products and Monsanto; McKesson and HBO; AT&T and MediaOne; Allied Signal and Honeywell; Dow Chemical and Union Carbide; Volvo and Scania; Viacom and CBS
CORPORATE GOVERNANCE: The Corporate Library (TCL), GovernanceMetrics International (GMI) both founded