Of the many visiting American professors who have taught in Europe, few have had a more distinguished group of students than Economist Wayne M.c-Naughton of U.C.L.A. Attending his course on all-round American-style executivemanship at Madrid's School of Industrial Organization were some of Spain's most prominent businessmen and politicians, e.g., Lawyer Buenaventura Fernandez Crehuet, member of the Cortes, and Dr. Francisco Javier Fernandez Avila, brother of the director of the government's Industrial Productivity Commission. Though he had to work through an interpreter, McNaughton thought he was getting along just fineuntil one day he decided to give the class a test.
No sooner had...
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