Word: 3m
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...Braniff Airways ($40,000) are dependent on federal regulators. But there were also companies among the 17 that had no obvious self-interest. Minnesota Mining & Manufacturing, makers of Scotch tape and other products, gave Nixon $30,000. Said former Chairman William L. McKnight: "I don't know that 3M did anything different than a great many other corporations...
...high cost of driving to work-and save the nation some gasoline. The firms have started their own bus services, using twelve-passenger minivans that usually go right to each worker's doorstep. General Mills, Inc. has bought 13 of the vans carrying some 150 workers daily, while 3M Co. has 65 vans that haul some 700 people. Regular workers moonlight as part-time chauffeurs; they get free rides collect whatever profits remain after expenses are met and can use the vans during off hours. Generally they earn about $8.50 for 7½ hours' driving per week...
...office safe and then gave the money to Bennett, who passed it on to the approved candidates or their emissaries. When Heltzer succeeded Cross in 1970, he carried on the practice. He was under the impression, he testified earlier, that the money came from private contributions by 3M executives. "I know I should have suspected that these were company funds," Heltzer now concedes. "But I didn't ask the question...
Then the SEC filed a civil complaint against Heltzer, Hansen and Cross for falsifying company records; the men settled by signing a consent decree. A fed eral grand jury indicted 3M, Hansen and Cross on charges of tax fraud. That case is still pending. Unpaid taxes on the illegal contributions could cost 3M as much as $9 million...
...3M, a cozy and inbred company, has not lost its prized family spirit, which some critics say led executives to place loyalty to the company above respect for the law in the campaign-fund scandals. Five men - Heltzer, Cross, Hansen, Bennett and former Chairman William McKnight - have agreed to pay the company $475,000 to settle the Bonderman suit. McKnight offered to contribute $300,000 of his own funds, even though he was not implicated. "These other men don't have the kind of money I do," explained McKnight, now 87, whose 3M holdings are worth about $200 million...