Session: 1234567891011121314151617         Page 266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319 of 824

You promised me a year ago that I would never have to worry about that again.” He said, “Yep, but now I'm breaking all my promises.”

Did you find out unusual, I mean?

Yes!

Have you ever heard of another example where a former CEO is not allowed to have an office in the company?

I don't know.

Where are you going to move?

I don't know. Rent a place, somewhere.

Okay. Let's go back to the board. Here--I'm giving you a list of board members. And what I want you to do is describe the change in the composition and the nature of the board from 1960 until 1980. You'll remember that in 1960 it was almost all “an inside board,” with either friends of Luce's or executives on the board.

Well, I tried--earlier I said we were going from being a private corporation to a public corporation. A part of that consisted of trying to get a responsible outside board so that we answered to somebody. In the old days we answered to Luce. But it seemed to me that you had to answer to somebody. So I tried to put