Britain: For the Yankee Dollar

U.S. corporations have often found it difficult to recruit top foreign talent for their overseas executive suites. Lately, however, laboring for the Yankee dollar has begun to lose its stigma. Last week, in one of the year's more remarkable personnel coups. International Business Machines landed the Earl of Cromer, former governor of the Bank of England, as chairman of its subsidiary IBM United Kingdom holdings.

"What attracted me," said Lord Cromer, 49, "was the international aspect of the company. My job will be concerned with the broader policy issues." On both counts, the prescription fits his talents. As...

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