The Committee for Economic Development is an independent research and educational organization of over two hundred business executives and educators. CED is nonprofit, nonpartisan, and nonpolitical. Its purpose is to propose policies that bring about steady economic growth at high employment and reasonably stable prices, increased productivity and living standards, greater and more equal opportunity for every citizen, and improved quality of life for all.
All CED policy recommendations must have the approval of trustees on the Research and Policy Committee. This committee is directed under the bylaws which emphasize that all research is to be thoroughly objective in character, and the approach in each instance is to be from the standpoint of the general welfare and not from that of any special political or economic group.The committee is aided by a Research Advisory Board of leading social scientists and by a small permanent professional staff.
The Research and Policy Committee does not attempt to pass judgment on any pending specific legislative proposals; its purpose is to urge careful consideration of the objectives set forth in this statement and of the best means of accomplishing those objectives.
Each statement is preceded by extensive discussions, meetings, and exchange of memoranda. The research is undertaken by a subcommittee, assisted by advisors chosen for their competence in the field under study.
The full Research and Policy Committee participates in the drafting of recommendations. Likewise, the trustees on the drafting subcommittee vote to approve or disapprove a policy statement, and they share with the Research and Policy Committee the privilege of submitting individual comments for publication.
Except for the members of the Research and Policy Committee and the responsible subcommittee, the recommendations presented herein are not necessarily endorsed by other trustees or by the advisors, contributors, staff members, or others associated with CED.
Research and Policy Committee August 1990
Chairman
DEAN P. PHYPERS
ViceChairman
ROY L. ASH/National Economy
W.D. EBERLE/International/Economic Studies
DONNA E. SHALALA/Education and Social and Urban Development
CHARLES J. ZWlCK/Improvement of Management in Goverment
IAN ARNOF, President & Chief Executive Officer
First Commerce Corporation
ROBERT H. B. BALDWIN, Chairman
The Lodestar Group
THEODORE A. BURTIS, Retired Chairman of the Board
Sun Company, lnc.
OWEN B. BUTLER, Retired Chairman
The Procter & Gamble Company
FLETCHER L. BYROM, Retired Chairman
Koppers Company, Inc.
PHILIP A. CAMPBELL
Vice Chairman & Chief Financial Officer
Bell Atlantic Corporation
RAFAEL CARRION, JR., Chairman the Board
Banco Popular de Puerto Rico
JOHN B. CAVE
Summit, New Jersey
ROBERT A. CHARPIE, Chairman
Ampersand Ventures
ROBERT CIZIK, Chairman & President
Cooper Industries, Inc.
JOHN L. CLENDENIN, Chairman of the Board
BeliSouth Corporation
EMILIO G. COLLADO
Locust Valley, New York
RONALD R. DAVENPORT
Chairman of the Board
Sheridan Broadcasting Corporation
FRANK P. DOYLE
Senior Vice President
GE
GEORGE C. EADS, Vice President &Chief Economist
General Motors Corporation
WILLIAMS. EDGERLY, Chairman
State Street Bank and Trust Company
LYLE EVERINGHAM, Chairman of the Board
The Kroger Co.
THOMAS J. EYERMAN, Partner
Skidmore, Owings & Merrill
EDMUND B. FITZGERALD
Managing Director
Woodmont Associates
HARRY L. FREEMAN, Chairman
The Freeman Company
RICHARD W. HANSELMAN
Former Chairman
Genesco, Inc.
PHILIP M. HAWLEY, Chairman of the Board
Carter Hawley Hale Stores, Inc.
RODERICK M. HILLS, Co-Managing Partner
Donovan, Leisure, Rogovin, Huge & Schiller
LEON C. HOLT, JR., Vice Chairman & Chief Administrative Officer
Air Products and Chemicals, Inc.
MATINA S. HORNER, Executive Vice President
TIAA-CREF
SOL HURWITZ, President
Committee for Economic Development
JOSEPH E. KASPUTYS, Chairman, President & Chief Executive Officer
Primark Corporation
JAMES L. KETELSEN, Chairman & Chief Executive Officer
Tenneco, Inc.
RICHARD KRUIZENGA
Vice President, Corporate Planning
Exxon Corporation
* FRANKLIN A. LINDSAY, Retired Chairman
ltek Corporation
WILLIAM F. MAY, Chairman & Chief Executive Officer
Statue of Liberty Ellis Island Foundation, Inc.
ALONZO L. MCDONALD, Chairman & Chief Executive Officer
Avenir Group, Inc.
ROBERT E. MERCER, Retired Chairman
The Goodyear Tire & Rubber Company
RUBEN F. METTLER, Retired Chairman and Chief Executive Officer
TRW, Inc.
STEVEN MULLER, President Emeritus
The Johns Hopkins University
JOSEPH NEUBAUER, Chairman, President & Chief Executive Officer
ARA Services, Inc.
LUCIO A. NOTO, Vice President & Chief Financial Officer
Mobil Corporation
NORMA PACE, President
Economic Consulting and Planning, Inc.
* HAROLD A. POLING, Chairman of the Board & Chief Executive Officer
Ford Motor Company
JAMES RENIER, Chairman & Chief Executive Officer
Honeywell, Inc.
JAMES Q. RIORDAN, President
Bekaert Steel Wire Corporation
HENRY B. SCHACHT, Chairman & Chief Executive Officer
Cummins Engine Company, Inc.
ROCCO C. SICILIANO
Beverly Hills, California
RICHARD D. SIMMONS, President
The Washington Post Company
ROGER B. SMITH, Director
General Motors Corporation