Personnel: Smooth Shift

Ten years ago, Economist Gabriel Hauge was one of the youngest and one of the most influential voices among President Eisenhower's economic advisers. At 48, Hauge (pronounced How-ghee) now says. "I wouldn't have missed a day of my time in Washington—but I've never missed a day since." He has accomplished what few economists ever manage: a smooth transition from theorizing about business to managing one. Last week he was named president of New York's Manufacturers Hanover, the world's fourth largest bank.

The son of a Lutheran minister in Minnesota, Hauge graduated from...

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