and was given to President Lyndon B. Johnson. The report recommended not pursuing a race against the Concorde and instead the effort should focus initially on building a test aircraft for research. From 1962 to 1968, Black was chairman of the Brookings Institution. President Johnson selected Black in 1966 to be Special Adviser to the President on Southeast Asian Social and Economic Development. In this position, Black was charged with organizing and establishing the Asian Development Bank. This was a task which Black was initially quite hesitant to undertake, but Johnson would not take no for an answer. To President Johnson, the creation of the ADB was an important step in securing Asian support or at least acquiescence for the War in Vietnam. Black also served on a number of boards for corporations and foundations. The University of Georgia Foundation named a fellowship in honor of him and his achievements. Princeton University awarded him an honorary Doctor of Laws degree in 1960. Black was Chair of the Peabody Awards Board of Jurors from 1967 to 1977. References External links 1898 births 1992 deaths American bankers Businesspeople from Atlanta Presidents of the World Bank Group United States Navy sailors University of Georgia alumni 20th-century American businesspeople