1973

Thad King dutifully reported in after the Yale game to let me know that I had missed lots of rain and commiserating about how old everyone felt (prompted by the black balloon Bob Barr was sporting in honor of his fortieth birthday), but at least a football victory. Apparently, there was a brief moment during which Thad, Brad, Calhoun and John Lowe did not feel quite as ancienthearing the sound of Bob popping the top of a can in the stands. But the sight of Diet Coke, guarding against middle-age bulge, only deepened the depression.

Thad reported that Alan Krauss is now running Health and Human Services in N.Y.C., with 8,000 employees to help ad- minister the welfare budget. After completing his master's at the Kennedy School of Gov- ernment, Al ultimately achieved the rank of "Garbage Commissioner" for the Big Apple under Koch. Al must have been good at it, as Mayor Dinkins not only kept him on, across party lines, but has now seen fit to bestow this greater honor.

As of October 10th Dave Chemerow has achieved a status for which most of you Dartmouth Animals would have killed—at least in the old days. He fills a newly-created position of executive vice president, finance and operations, and chief financial officer of Playboy Enterprises Inc., reporting to Chairman and CEO Christine Hefner. Dave moves to Playboy from an investment company, Beechwood Capital Corporation, which he and a partner founded in 1988. Prior to that he spent thirteen years with Primerica Corp. after Tuck. Dave is an overseer of the Dartmouth Institute.

Speaking of 3/2 types, I cannot help but take advantage of a front-row seat to '72 Craig Bentley's recent promotion. Craig came to treasury at Bank of Boston a few years ago to direct the Bank's FX trading activities and now assumes responsibility for securities and precious metals trading fruitions as well. His new title is managing director, treasury marketing and trading.

A feature article in the Wall Street Journal way back in August reported that Leon Black, who had co-managed Drexel's mergers and acquisitions department in New York, would be managing a $400 million junk bond fund, and that more funds were expected to follow. Hopefully we'll get a personal update on how the new venture is faring. The article had one great line which I have to pass on. Partly to explain why Leon could stand on his own and rise above the Milken tarnish, WSJ reporters George Andres and Randall Smith wrote, "Especially in the early stages of his Drexel career, Mr. Black was an eccentric figure amidst Wall Street's dandies, known for his untucked shirt-tails and his tardiness in arriving at client meetings." It's great to know success couldn't spoil you, Leon. By the way, the post office still delivers to Easton.

710 Lantern Lane, Easton, MA 02375