1963

Whan that April with his showres soote/The droughte of March hath perced to the roote/Thanne longen John S. Reed, chairman and chief executive officer of Citicorp, to chooseth Rick Braddock as president and number two executive at the nation's largest banking company (with apologies to Chaucer). The job had been vacant since 1984 when William I. Spencer retired as president.

Rick's promotion is the result of competition among senior executives around Reed and signals the growing dominance of the hugely profitable consumer business at Citicorp which Rick will continue to head suggested The Wall Street Journal.

Rick told The Journal that he and Reed "understand how to work together. The arrangement will be closest to a chief executive officer and a chief operating officer. I'll be responsible for the day-to-day business. We're in the business of managing change. That requires a combination of vision and execution," said Rick.

A Harvard M.B.A., Rick joined Citicorp in 1973 as vice president in the New York banking group, followed by stints heading Citicorp's credit-card business and European consumer operations. Since 1985, he has been in charge of all individual banking activities, one of the three major business groups at Citicorp, along with institutional and investment banking and information businesses.

Meanwhile, another class biz wiz, LouGerstner, won plaudits in a Business Week cover story after taking on "corporate America's toughest job" running RJR Nabisco Inc., the biggest leveraged buyout of thern all. Among Lou's moves: the auctioning of more than $3.5 billion in assets, issuing $4 billion in junk bonds, hiring a management team, discontinuing the "smokeless cigarette," moving the corporate headquarters to New York, and ordering cost cuts. But it doesn't stop here, Lou told Business Week. Besides tending to more divestitures and refinancings, he has to refocus executive thinking on strategy and cash flow.

Lou also found time to announce that the RJR Nabisco Foundation will spend $30 million to spur innovative and sometimes risky programs in schools throughout the U.S. It is the largest single amount set aside by an American corporation for pre-college education and is part of a new move by American business to come to the aid of the nation's schools.

John Mcrrow, the TV newsman who brought our 25th Reunion into the nation's living rooms, is leaving the MacNeil/Lehrer Newshour after four-and-a-half years as education correspondent to become executive editor/anchor of Learning Matters, a new cable television series on The Learning Channel.

John's new show includes interviews, debates, tips from teachers, and how prominent Americans recall their favorite teachers. He continues as a commentator on National Public Radio's Marketplace.

Until eight years ago, Jay Reibel was a busy New York City psychiatrist. Today he is chairman of Preferred Health Care, an American Stock Exchange-listed purchaser of healthcare services for Fortune 500 companies. He also owns three psychiatric hospitals, two in New York State and one in Illinois.

When not supervising his enterprises, Jay is raising money for the Republican party in Westchester and Connecticut and sailing his Little Harbor 63-foot sloop.

As promised, more names of 63 children admitted to Dartmouth, this month, class of '92: Tyler A. Allen (Andrew Allen), Hillary J. Bracken (T. Daniel Bracken), Aaron F. Cherrington (John K. Cherrington), Frederick L. Crabbe IV (Fred Crabbe), Joshua B. Horwich (Mark S. Horwich), Jennifer L. Patterson (John L. Patterson), Charles M. Richards (Thomas Richards), Elizabeth M Rodgers (Bradley Rogers), and Adam K. Shumaker (Jay Shumaker).

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