The Presidency: Bottom-Line Man

There is the trace of the fighter in the face of Donald Regan, the urbane stockbroker polished by the Cambridge Latin School and Harvard. But nevertheless there are the wary eyes, the cleft chin, the crooked nose. It goes even deeper. Inside there are the battle traces from Guadalcanal, Bougainville, Guam and Okinawa. He admits it. "No training for anything except fighting," he says, recalling 1946, when he left the Marines to take on Merrill Lynch. He won that engagement too, rising to the jobs of president in 1968, chairman in 1971. Now he is sitting in the...

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