1968

"He's just a very complex guy who wants it all to be Warren Buffett and Mother Teresa." This is how the Boston Globe recently described Michael Chu, president of Accion International.

The article reviewed how Michael's first three careers—volunteer organizer in a political opposition party in Uruguay, executive with CPC International, and limited partner with Kohlberg Kravis Roberts—prepared him for his current career as an antipoverty soldier providing economically disadvantaged people who own or are starting businesses with access to much-needed capital. Michael's business acumen is behind a philosophy which ensures that Accion's approach is not to give handouts, but to give opportunities and to help individuals to change their own circumstances.

Arnie Resnicoff is departing Groton, Conn., for Hawaii where he'll be chaplain for the commander of the Pacific Command, a unified (all service) command responsible for the entire Pacific area. Arnie says his new assignment will demand a good deal of travel. Now there's an understatement!

John Newcomb, president and CEO of Simon & Schuster Inc., was recently elected to the board of directors of Primark Corp. of Waltham, Mass.

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