Monday, Mar. 24, 1958
Budget Boss
Resigned last week: Percival F. (for Flack) Brundage, 65, earnest, tightfisted director of the Budget Bureau since April 1956. Lest it be concluded that his quitting was prompted by disagreement with the Eisenhower Administration's handling of the recession, Percy Brundage, in his letter to the President, explained that "my immediate predecessors set an example of resigning after a few years to give opportunity for administration to others with a fresh viewpoint. Since I have now served somewhat longer than either of them [i.e., Joseph Dodge. Rowland Hughes] and since I must attend to some personal matters that have been neglected, I am submitting my resignation."
Into Brundage's post went his deputy, Minnesota-born Maurice Hubert Stans, 50, onetime executive partner in the Chicago accounting firm of Alexander Grant & Co., who cheerfully took an 80% salary cut to go to work in Washington at $17,500 a year, was Post Office Department financial troubleshooter before he signed up with the Budget Bureau last September. The big job ahead for Maurice Stans: preparing for the budget year beginning July 1959 without knowing whether he can count on boom or bust.
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