WASHINGTON, Nov. 5 (UPI) -- Arjay Miller, former president of the Ford Motor Company and dean emeritus of the Graduate School of Business at Stanford University, and his wife Frances Fearing Miller, have pledged a $1.5 million endowment to create a new Chair in Federal Economic Policy at The Brookings Institution.
William G. Gale, a senior fellow in the Brookings Economic Studies program and a former senior staff economist for President Bill Clinton's Council of Economic Advisers, has been named as the first holder of the Arjay and Frances Miller Chair.
Michael H. Armacost, president of Brookings, said Gale was "a natural choice in a light of his distinguished record of research and publications, and a timely one in view of the current focus of the federal government on fiscal and budgetary issues."
Peter R. Orszag, senior fellow in the Brookings Economic Studies program, was named to succeed Gale as the Joseph A. Pechman Fellow in that program.
Arjay Miller, a World War II Army Air Corps veteran, spent 23 years with the Ford Motor Company, including five years as president, from 1963 to 1969. He was dean and professor of management at the Stanford School of Business from 1969 to 1979, before becoming dean emeritus.
