Just as the Nixon Administration will draw heavily from private business to fill important public jobs, so U.S. business is busily recruiting key members of the outgoing Johnson Administration. Because they pay some of the highest salaries of all, with $100,000-plus fairly common, Wall Street's investment banking houses are in a very strong position to pick off Washington's brightest talent. Last week one firm signed up three high-ranking Government officials as general partners. Manhattan's Lazard Freres & Co. recruited Commerce Secretary C. R. Smith, Under Secretary of the Treasury Frederick L. Deming and Assistant Budget Bureau Director Peter A. Lewis.
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