Word: 3m
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...except for Herzog himself, 3M's top echelon has, in fact, stepped down in scarcely one year. In February, Chairman Harry Heltzer gave up his post as chief executive after paying a federal fine for engaging in unfair political campaign practices; he will not run for re-election to the board in May. Bert S.Cross, a former chairman who is head of the finance committee, has with drawn from active management and will quit the board in May. Financial Vice President Irwin Hansen, who faces a possible prison sentence on federal tax-evasion charges, resigned last November...
...episode is all the more poignant because Heltzer, Cross and Hansen were held in highest esteem in the tightly knit and circumspect business community of Minneapolis-St. Paul. And the 3M Co., Minnesota's largest employer, prides itself on its finely developed sense of civic responsibility. Actually, 3M's travail is a classic example of the post-Watergate traumas that have plagued many U.S.companies that made illegal political campaign contributions...
...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...