Business: Fun and Expletives Repleted

As they meet, corporate chiefs see some modest gains ahead

In sleepy Hot Springs, Va., the sprawling Georgian-style Homestead was gripped with a particular excitement the weekend before last. The same little ritual takes place every fall and spring when the Business Council, composed of about 100 top corporate chieftains, gathers with the highest Government officers at the exclusive resort in what sometimes have been stormy conclaves. As General Motors Chairman Thomas Murphy puts it, the meetings are held "so we can hear Government's views, but more important, they can hear our views." Yet,...

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