Is It Worth The Price? A New Ethics in Government Law Takes Its Toll

A new Ethics in Government law takes its toll

The wealthy entrepreneur had made a fortune in the electronics businesses of Northern California's "Silicon Valley." In his mid-40s, possessing a proven record of management, he seemed the very model of a Reagan top appointee. As he sat in the drab Washington office of E. Pendleton James, the President-elect's personnel director, visions of the sub-Cabinet danced in his head.

"Pen, what's the deal with conflicts?" the man asked. "You know I have a lot of money in a lot of companies." James told him about the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!