Word: 3m
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Dates: during 1970-1979
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...four outside directors of the 3M Co., including two former Cabinet members -onetime Treasury Secretary Joseph Barr and former Commerce Secretary Peter Peterson -summoned the company's president to an urgent meeting. Barr put a startling question...
...committee staff noted that the two candidates also received illegal corporate contributions that had been previously disclosed. The 3M Co. gave $1,000 to each, and Gulf Oil donated $15,000 to Mills. Humphrey received an illegal $50,000 donation from Manhattan Investment Banker John L. Loeb. In comparison, Nixon is known to have received about $750,000 in illegal donations from corporations...
...Ashland Oil Inc. ($100,000); Gulf Oil Corp ($100,000); Braniff Airways Inc. ($40,000); American Airlines ($55,000); Goodyear Tire & Rubber Co. ($40,000); 3M Co. ($30,000); Phillips Petroleum Co. ($100,000). Employees of an eighth, the American Ship Building Co., testified that they cooperated in donating $26,200 in corporate funds to Nixon's campaign, but the company itself has admitted no wrongdoing...
Only a portion of the list of illegal corporate contributors to Nixon's 1972 campaign has been made public. So far three companies-Goodyear Tire & Rubber, 3M and American Airlines-have been fined for unlawfully dipping into corporate funds for gifts to the President's re-election effort. Cox's investigators claimed that they were looking into possible violations by two dozen other firms and labor unions...
...pocket to a doctor who was working on a preparation to suppress high blood pressure; the drug turned into a steady though small seller and started Dart Industries' Riker Laboratories ethical-drug operation. But in 1970, he sold Riker Laboratories to the Minnesota Mining & Manufacturing Co. for 3M stock worth a handsome $150 million. Dart has since sold most of the stock for a profit-$10 million in 1972 alone...