HERD

HERD

Richard Braddock will join Lotus Development Corp. on a part-time basis to work with the management team to effect the company's transition to a business unit structure and reduce its 1995 planned spending by a minimum of $50 million. Braddock, former president and chief operating officer of Citicorp and its principal subsidiary, Citibank, was the Citi official to whom Quotron reported. Currently a principal with Clayton, Dubilier & Rice in New York, Braddock has been a member of Lotus' boa

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