The Economy: The President's Partnership

Caravans of Cadillacs glided up to the East Wing of the White House last week and disgorged the biggest businessmen in the U.S. While many of the nation's board rooms stood deserted, the tycoons assembled to see the most important chief executive officer of them all. U.S. Steel's Roger Blough and General Motors' Frederic Donner were there; so were Du Font's Lammot Copeland, IBM's Thomas Watson, General Electric's Fred Borch—and 330 other chiefs of banks and corporations. Lyndon Johnson had invited them to a 90-minute session behind closed doors in order to...

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