Nation: Exit Kreps

The ark loses its skipper

In 1972 she became the first woman di rector of the New York Stock Exchange. That same year she was the first woman appointed to the prestigious James B. Duke professorship in economics at Duke University. Finally, in 1977, she was the first woman to become Secretary of Commerce. Last week Juanita Kreps walked into the Oval Office and told Jimmy Carter she was resigning for "altogether personal" reasons — the sixth person to leave his Cabinet. Said an associate: "She has a desire to spend more time with her husband and three kids, to...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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