From 1958 to 1960 he served as a speechwriter and White House manager, after the departure of Sherman Adams and the death of John Foster Dulles.
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Sherman Adams, Chief of Staff urged a more moderate, political approach which the President followed.
Paine served as managing editor of Fortune from 1941 to 1953 and, following the departure of Charles Douglas Jackson, publisher from 1953 to 1967.
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Funded by Henry Luce, the Council was led by Harvard political science professor Carl Joachim Friedrich and Charles Douglas Jackson, vice president of Time magazine.