ECONOMIC CONDITIONS: “Reaganomics”: Reduce government spending; Reduce marginal taxes on labor and income; Reduce government regulation of the economy; Use monetary policy to keep inflation rates low. Reagan’s executive order terminates wage and price controls;
Reagan acknowledges ‘mild recession’; MTBE oil additive leaks discovered
REGULATORY CHANGES: Economic Recovery Tax Act of 1981
PRESIDENT: Ronald Reagan; assasination attempt
SECRETARY OF THE TREASURY: Donald Regan
SECRETARY OF STATE: Alexander Haig
SECRETARY OF DEFENSE: Caspar Weinberger
SUPREME COURT: Sandra Day O’Conner (’81-’06)
CONGRESS: Speaker, Tip O’Neill (D)
FEDERAL RESERVE CHAIRMAN: Paul Volcker
NY FEDERAL RESERVE: Anthony M Solomon, President
HIGHEST PAID CEO: T Boone Pickens – Mesa Petroleum
$7,866,000
Inflation adjusted: $19,245,000
BUSINESS ROUNDTABLE: Clifton Garvin, CEO & Chairman of Exxon Corp, Chairman
COUNCIL ON FOREIGN RELATIONS: David Rockefeller, Chairman
KEY BANK MERGERS: Mitterand nationalizes banks in France
KEY NON-BANK MERGERS: DuPont and Conoco Oil; Sears and Dean Witter Reynolds; Sears and Caldwell Banker
CORPORATE GOVERNANCE: