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  1. World War II. Awards. Distinguished Flying Cross (3) Air Medal (10) William Paul Thayer (November 23, 1919 – May 6, 2010) was an American test pilot, flying ace, aviation executive, and United States Deputy Secretary of Defense during the Reagan Administration .

  2. W. Paul Thayer Ronald Reagan Administration **Full Bio Forthcoming** January 12, 1983-January 4, 1984 . Attended the University of Kansas. Served in the U.S. Navy, 1941-1945 . Test Pilot; Chief Test Pilot, Chance Vought, 1948; 1949-1950. Flight Test Direc ...

  3. William Paul Thayer (November 23, 1919 – May 6, 2010) was an American test pilot, flying ace, aviation executive, and United States Deputy Secretary of Defense during the Reagan Administration. W. Paul Thayer.

    • The Group
    • The Deals
    • The Investigation

    A Real Flyboy

    I spoke to Paul Thayer in late July. We talked in the company of his attorney, under strict ground rules: Thayer would answer no questions about his relationship with Sandy Ryno and the others or about the facts of the SEC case against him. On that, he would stand by the denial of wrongdoing he issued when he resigned from the Pentagon. Despite his troubles, Thayer looked relaxed and fit. He is a striking, solidly built man, about six feet tall, with silver hair, bushy gray eyebrows, and a sq...

    A Neiman’s Kind of Girl

    Sandra Kay Ryno started working at the LTV Corporation in September 1966, at age 21. Born in San Diego, she had a Californian’s open, friendly personality, and she remembered names. It made her the perfect receptionist. Ryno worked on the fourth floor of the LTV Tower in downtown Dallas, where she greeted visitors to the company’s elegantly furnished executive offices, known within LTV as Mahogany Row. Born Sandra Kay Huffman, she married Ronald Ryno of Lubbock at 19, two years before she wen...

    A Quiet Place to Go

    To Thayer’s friends, it seemed unlikely that Sandy Ryno would become his mistress. He and Margery had been married a long time, and appeared happy together. They were united particularly by their adoration of their only child, Brynn, now an actress on the television soap opera One Life to Live. Genteel where Paul was salty, low-key where he was aggressive, Margery Thayer, most of all, was thoroughly devoted to her husband. She took up golf so she could spend more time with him, and she accomp...

    Ripple Effect

    That fall, the president of LTV’s aerospace division met with Paul Thayer to propose a takeover of the Grumman Corporation. To Thayer, the move seemed a splendid one. LTV’s lucrative contract for building jet fighters was about to run out, leaving the company out of the business of building war planes for the first time in forty years. But Grumman was the Navy’s prime supplier, with enough orders for F-14 fighters and A-6 attack planes to last for years. Moreover, Grumman’s stock was depresse...

    “I Wasn’t Born Last Night”

    Although Paul Thayer was disappointed that Grumman had slipped from his grasp, he could take solace in the performance of his own company. As 1981 ended, he received confidential reports that LTV was heading toward its best year ever. He scheduled a meeting of the board of directors’ audit committee for 8:30 a.m. on Wednesday, January 27, to release the good news. The committee would rubber-stamp the glowing profit figures and make them public. On Thursday and Friday the board’s finance commi...

    Something Cooking

    Both the LTV and the Grumman trading involved Thayer’s own company. The next three investments would be different. In each transaction, Billy Bob Harris and his customers would make quick profits on proposed mergers. In each case, Paul Thayer was an outside director of one of the companies involved in the deal. The first took shape on January 29, 1982, when the Wall Street Journalreported a rumor that the giant Allied Corporation was preparing a bid for a Dallas oil and gas company called Sup...

    A Fishing Expedition

    At about eight-thirty on the morning of August 26, 1982, Bettina Lawton, an attorney in the enforcement division of the U.S. Securities and Exchange Commission, arrived at the agency’s new office building in downtown Washington. Lawton bought a copy of the Wall Street Journal from a vending machine, picked up a cup of coffee, and took the elevator to the fourth floor. Settling behind the desk in her small, windowless office, she began studying the paper for something to investigate. She alrea...

    The Secret Informant

    By the first week in January 1983, Paul and Margery Thayer had leased their home in Dallas and moved into an expensive condominium in northwest Washington. Thayer’s departure from Texas had produced quite a stir. The week before he and Margery left town, there were farewell dinners for him every night. Many of Thayer’s friends attended the swearing-in, including Billy Bob Harris, Julie Williams, Harris’ father and stepmother, and the Schroders. At a reception after the ceremony, the Thayers p...

    Creating Misery

    Paul Thayer was mad as hell. He had just received a subpoena from the SEC. Why were they bothering him? It was March, and he was just three months into his new job at the Pentagon. He had his hands full; he didn’t need any more problems. A few weeks earlier, Congressman Jack Kemp had tongue-lashed him for telling the House Budget Committee that he thought the president should delay the third installment of his tax cut. Before that, he had gone up for a test run in an F-18 fighter—a $23 millio...

    • (512) 320-6900
  4. W. Paul Thayer, a former CEO of LTV Aerospace Corp., a World War II Navy fighter pilot and one-time deputy Defense secretary, died May 6. He was 90. Thayer followed flamboyant businessman...

  5. The President today announced his intention to nominate W. Paul Thayer to be Deputy Secretary of Defense. He would succeed Frank C. Carlucci, resigned. Mr. Thayer has been chairman of the board and chief executive officer of LTV Corp. since 1970. He also serves as chairman of the Chamber of Commerce of the United States. He is on the board of ...

  6. 1. Apr. 2017 · Dr. Paul W. Thayer was an industrial and organizational psychologist probably most distinguished by his professional service. He was a fellow of the American Psychological Association (APA), American Psychological Society (APS), and Society for Industrial and Organizational Psychology (SIOP).