Smithsonian Taps Banker as New Leader

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Science  24 Sep 1999:
Vol. 285, Issue 5436, pp. 2042
DOI: 10.1126/science.285.5436.2042b

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The Smithsonian Institution's Board of Regents announced last week that Lawrence M. Small, 58, second in command at the Fannie Mae mortgage corporation, will succeed retiring Secretary I. Michael Heyman in January. Small's appointment breaks a 150-year tradition of naming a scientist or academic to lead the sprawling $570 million institution. Many Smithsonian scholars hope their new boss's management skills and boardroom connections will help inject cash into stagnating science budgets.