Word: auditor
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Dates: during 1950-1959
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...Also indicted: Dave Beck Jr.; Mrs. Dave Beck Sr.'s cousin, Norman Gessert; Teamsters Auditor Fred Verschueren; Beck's pal and personal financier, Chicago Labor-Relations Consultant Nathan Shefferman; and Shefferman's son, Shelton...
...confront the enemy with the choice of backing down or risking all-out war. Raising the prospect of such a challenge in advance is Kissinger's important service. At a time when public apathy, disarmament talk and budget-mindedness are being felt in the scales of U.S. policy. Auditor Kissinger has brought fresh ideas to weigh...
...year after he pleaded guilty to lightfingering $637,000 from the state and drew a 12-to-15-year sentence, onetime Illinois State Auditor Orville Hodge, now a $7.50-a-month disk jockey at the Menard branch of the Illinois State Penitentiary, had a word for the taxpaying public: "I still don't know what happened. This year has seemed like ten years. It's been awful, and sometimes I get so lonesome. I've been punished enough...
Before a House Armed Services subcommittee last week Lawrence J. Powers, the General Accounting Office's top auditor on defense contracts, leveled an angry blast at the nation's biggest corporation. Said Powers: on a $375.9 million contract to supply 599 F-84F Thunderstreak jet fighters to the U.S. Air Force between 1952 and 1955, General Motors made an actual profit of $42.2 million v. a "contemplated" profit of $24.8 million. Part of the $17.4 million extra, said Powers, could be attributed to good management. But $8,322,000 resulted from "overstating" and overestimating anticipated expenses. Three times...
...Buick-Oldsmobile-Pontiac assembly division at Kansas City, Kans., agreed to pay the automaker all costs plus a 5.9% profit on an initial order of 71 planes, with the understanding that this cost experience would be used in figuring later profits. As it turned out, said Auditor Powers, in subsequent negotiations to set a price on installments of 228 and 300 planes each. G.M.'s cost estimates, inadequately checked by Air Force representatives, resulted in profits that were...