Monday, Nov. 22, 1976
Some Used Fords on the Market
A few members of Gerald Ford's Cabinet will stay on temporarily in Washington after Inauguration Day, but most of them will eventually join Defense Secretary Donald Rumsfeld in leaving for new careers elsewhere. Among their plans:
o Secretary of State Henry Kissinger, 53, will begin organizing materials for his memoirs at his rented house in Georgetown at least until next summer.He has told friends that he has no plans to return to academic life and, for the moment at least, has no interest in staying in the diplomatic world as a special negotiator in the Middle East, as was urged last week by several Senators.
o With ample bank accounts from previous careers in legal work to ease the transition to private life, Carla Hills, 42, Secretary of Housing and Urban Development, and her husband Roderick, 45, chairman of the Securities and Exchange Commission, are not pressed to make any decisions about their future. Says he: "The best guess about what we'll do is to take a [corporate] directorship here and there, wait for the kids to finish school in June and then probably head for jobs on one of the two coasts." They are considering a wide variety of offers from academic institutions, foundations and law firms.
o Commerce Secretary Elliot Richardson, 56, the Cabinet's jack of all trades (four posts in eight years) will stay on in Washington at least another six months to sort out his future. One strong possibility: a drive for the Massachusetts governorship in 1978.
o Treasury Secretary William Simon has put his Virginia estate up for sale and will return to his home in New Jersey and pick up his career on Wall Street, possibly at his old firm, Salomon Brothers, where he was senior partner for eight years. At 48, Simon has ample time to test the political waters for a possible run for Governor in the Garden State.
o William Coleman Jr., 56, Secretary of Transportation, may go back to practicing law in Philadelphia; he has not been discouraging speculation that he would like to run for Governor of Pennsylvania in 1978.
o Interior Secretary Thomas Kleppe, 58, who made millions manufacturing cleaning products (including Glass Wax) in North Dakota before coming to Washington, plans to stay and may well shop for a business to buy.
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