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NOMINATION OF ROBERT A. PODESTA TO BE ASSIST-

ANT SECRETARY FOR ECONOMIC DEVELOPMENT

HEARING

BEFORE THE

COMMITTEE ON PUBLIC WORKS

UNITED STATES SENATE

NINETY-FIRST CONGRESS

FIRST SESSION

ON

THE NOMINATION OF ROBERT A. PODESTA TO BE ASSISTANT
SECRETARY FOR ECONOMIC DEVELOPMENT, DEPARTMENT

OF COMMERCE

MARCH 4, 1969

Serial No. 91-6

Printed for the use of the Committee on Public Works

LAW LIBRARY
U. S. GOVT. DOCS. DEP.

MAY 1969

UNIVERSITY OF CALIFORNIA

BERKELEY

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1969

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JENNINGS RANDOLPH, West Virginia, Chairman
STEPHEN M. YOUNG, Ohio

JOHN SHERMAN COOPER, Kentucky
EDMUND S, MUSKIE, Maine

J. CALEB BOGGS, Delaware
B. EVERETT JORDAN, North Carolina HOWARD H. BAKER, JR., Tennessee
BIRCI BAYH, Indiana

ROBERT DOLE , Kansas
JOSEPH M. MONTOYA, New Mexico

EDWARD J. GURNEY, Florida
WILLIAM B. SPONG, JR., Virginia

ROBERT W. PACKWOOD, Oregon
THOMAS F. EAGLETON, Missouri
MIKE GRAVEL, Alaska

RICHARD B. Royce, Chief Clerk and Staff Director

M. BARRY MEYER, Counsel
BAILEY GUARD, Assistant Chief Clerk (Minority)
JOSEPH F. VAN VLADRICKEN, LEON G. BILLINGS, J. B. HIVYETT, Jr.,
RICHARD D, GRUNDY, and STEWART E. MCCLURE, Professional Staff Members

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NOMINATION OF ROBERT A. PODESTA TO BE ASSISTANT SECRETARY FOR ECONOMIC DEVELOPMENT

TUESDAY, MARCH 4, 1969

U.S. SENATE,
COMMITTEE ON PUBLIC WORKS,

Washington, D.C.
The committee met at 11 a.m., pursuant to call, in room 4200, New
Senate Office Building, Senator Jennings Randolph (chairman of the
committee) presiding
Present: Senators Randolph, Young, Jordan, Montoya, Gravel,
Cooper

, Boggs, Baker, and Dole. Also present: Richard B. Royce, chief clerk and staff director; J. Barry Weyer, counsel; Bailey Guard, assistant chief clerk (minority) ; ånd Stewart E. McClure, professional staff member. The CHAIRMAN. Good morning, ladies and gentlemen. The Senate Public Works Committee meets today to conduct a confirmation hearing on the appointment of Robert A. Podesta, from the State of Illinois, who has been nominated by President Richard Viron to be Assistant Secretary of Commerce.

I am sure that all members of our committee are grateful that our beloved friend, the distinguished minority leader of the Senate, the Honorable Everett Dirksen, is here to present Mr. Podesta. só, Senator Dirksen, if you will proceed as you care, to present Mr. Podest 3, we would be delighted to have you introduce him.

STATEMENT OF HON. EVERETT DIRKSEN, A U.S. SENATOR FROM

THE STATE OF ILLINIOS

Senator Dirksen. Mr. Chairman, at the risk of taking liberties with the procedure, let me present Mrs. Podesta, because she is part

of the team.

If Senator Percy is not here, then I should say that this presentation is made on behalf of myself and Senator Percy.

I shall not weary the committee with a long narrative tale about Bub Podesta. I can only say that he came up as a youngster on LaSalle Street

, which is our equivalent out there of Wall Street, and gradually went to the top. He was a candidate for Congress in 1968 in a very dificult district and the fact that he did not succeed in November should not mitigate against him.

He is a very able citizen and is recognized as such in the entire community. I have heard no words of degradation of Bob Podesta. He has been eminently successful in business, particularly in the investment and securities field. He has a fine, capable, penetrating mund and he is a man of real perception. All of this, I think, is stated in the fact sheet that is before you.

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