International Management and Development Institute


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Directors Hon. Dean Rusk Honorary Chairman Gene E. bradley Chairman and President John S. R. Schoenteld Vice Chairman Hon. Theodore C. Achilles Vice Chron., Atlantic Council Professor Edward C. Bursk Hon. Editor, Harvard Bus. Review B. C. Christensen V.P., IBM World Trade Corp. Dr. Otto J. Dax Vice Chron., Siemens Corp. Michael O. Edwardes Chmn., BL Limited Henry R. Geyelin Pres., Council of Americas Walter E. Hoadley Exec. V.P., Bank of America J. P. Janetatos Partner, Baker & McKenzie Tom Killefer Pres., U.S. Trust Co. of New York George J. Kneeland Chron., St. Regis Paper Dr. Antonie T. Knoppers Former Vice Chron., Merck & Co. Dr. Alexander Lewis, Jr. Former Pres., Gulf Oil Foundation Hon. Paul W. McCracken Univ. of Michigan Hon. Lawrence C. McQuade Vice Pres., W. R. Grace & Co. H. E. Egidio Ortona Chron., Honeywell Into. Systems Italia Hon. Frank Pace, Jr. Pres., IESC Dr. Reinaldo Scarpetta IMDI Director, Latin America Mary Ann Bradley Honorary Director Board of AdvLsors Giovanni Agne!(i Chron., Fiat S.p.A. Dr. Vernon R. Alden Chron., Mass. Foreign Business Council Hon. Willis C. Armstrong U.S. Council, Int’lo CoC Robert W. Barnett Carnegie Endowment for/nt’l. Peace Dr. Daniel Bendahan AVE, Caracas Maurice E. Blin Pres., FASMA, /nc. Frank Briceno Fortique Pres., Gerencia & Desarrol/o John L. Caldwell V.P., Int’l., CoC of US John G. Crean Pres., Robert Crean & Co., Ltd. Hon. William D. Eberle Vice Chron., U.S. Council. Int’l. CoC Lawrence A. Fox Vice Pres., NAM Dr. Arthur F0rer Pres. & CEO, Nest/#, S.A. Gen. Alexander M. Haig. Jr. Sup. Alfied Commander Eur., SHAPE Hon. Martin J. Hillenbrand Dir. Gen., Atlantic Inst., Paris Bertrand Hommey Patronet Francais, Paris Shigeo Horie Sr. Advisor. Bank of Tokyo, Ltd. Fisher Howe Resources for the Future Dr. Herman Kahn Dir., Hudson Institute Irving Kristol Co-Editor, The Public Interest Dr. J. Clayburn La Force Dean, Grad. Sch. of Mgmt., UCLA Ivan Lansberg Henriquez Pres., SEGUROSCA, Caracas James E. Lee Pres., Gull Oil Corp. Dr. J. Sterling Livingston Pres., Sterling Institute Carlos Llano Cifuentes /PADE, Mexico City Dr. Rodrigo Ltorente Martinez Pres., CICYP, Bogota Hon. Winston Lord Pres., Council on Foreign Relations Jonkheer John H. Loudon Thomas D. Lumpkin Pres., Gulf-Latin America Hon. George C. McGhee Tatsuzo Mizukami Chron., IMAJ, Tokyo Dr. Clifford C. Nelson Pres., American Assembly Hon. Frederick E. Nolting, Jr. Dr. Aurelio Peccei Chron., Italconsu/t Co., Rome John P. Phelps, Jr. Dir., Fund for For. Inv., Caracas Ch. Scrivener Ralph E. Smiley Chmn., Booz, Allen & Hamilton Int’/. Julian M. Sobin Chron., Sobin Chemicals, Inc. Albert T. Sommers St. VoP. & Chief Econ., Conf. Board Washington SyCip Manila, Philippines Hon. Alexander B. Trowbridge Vice Chron., Allied Chemical Corp. Hon. John W. Tuthill Pres. Salzburg Seminar Dr. Josd J. Urdaneta R. Pres_, VECSA, Caracas CarI-Henrik Winqwist Sec’y Gen., /nt’l CoG, Paris Dr. Boris Yavitz Dean, Grad. Bus_ Sch., Columbia U.

International Management and Development Institute Watergate Office Building--Suite 905 ¯ 2600 Virginia Avenue, N.W. Washington, D.C. 20037 ¯ Tel. (202) 337-1022 ¯ Telex: IMDI 248698

June 8, 1979

The Honorable John Evans Commissioners Securities and Exchange Commission 500 North Capitol Street, N.W. Washington, D. C. 20549 Dear John: How delighted I was to learn of your well-deserved reappointment to the Commission! Despite the delay, and I know the strain it must have caused you and your family, I am so glad you stuck to your principles and that the reappointment came through. Congratulations! Doesn’t it seem a paradox though that at the very time people are crying for integrity in government and honest, open,forthright officials, such as yourself that a reappointment should take so long? Anyway, it’s done and I, along with many others I am sure, are tickled pink. Keep sticking to your principles, John. Warmest regards. Sincerely

John S, R, Schoenfeld Vice Chairman