Business: Putting Uncle's Cash to Work

Billing earlier, paying later

While OMB's Director was under fire, two other officials of the agency were being praised by the White House last week for some ideas that they figure will save $125 million a year.

The ideas grew out of a conversation over a couple of Margaritas ten months ago. Wayne Granquist, 42, OMB's associate director, was trying to talk his old friend Dick Cavanagh, 31, into leaving a consulting job at McKinsey & Co. and joining Government. What precisely would Cavanagh do? Granquist had a simple but dramatic way of showing him. Check your personal records, he told Cavanagh, and...

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