Word: bechtel
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Charges against Bechtel...
...employees at Bechtel, the international construction firm with headquarters in San Francisco (1983 revenues: $14 billion), rarely get much personal correspondence from Chairman Stephen Bechtel Jr., 58. Many of them therefore were surprised last week when they received an eight-paragraph "management memo" directly from the chairman and signed simply "Steve." Once they started reading, surprise turned to shock. "Over the weekend," began the memo, "you have probably read or heard news-media reports of allegations that a consultant may have made improper payments in Korea. These allegations are very serious since they attack our most valuable asset-Bechtel...
...Bechtel issued his memo in response to charges that will soon be published simultaneously in Mother Jones and Multi-national Monitor, both liberal, investigative magazines. The articles maintain that between 1977 and 1980 Bechtel Power, a subsidiary, funneled an estimated $72,000 in cash and duty-free golf clubs and appliances to key South Korean officials in order to help win four nuclear-power-plant contracts worth more than $400 million. If that is true, the payments violate the 1977 Foreign Corrupt Practices Act, which prohibits U.S. businessmen from making payments to foreign officials in order to win contracts. Moreover...
George Shultz, who was eminently qualified to be Secretary of State, was still regarded as the leading contender. His colleague at the Bechtel Group in California, Caspar ("Cap") Weinberger, who, like Shultz, had a personal relationship with Reagan, had also been mentioned. I began to take seriously the rumors with respect to myself when the familiar baritone of Richard Nixon came down the line one day to say that Reagan had decided to ask me to be his Secretary of State. In matters Republican, Nixon usually knows what he is talking about...
...obviously smart guys. Two similar guys, not only do their resumes sound the same, they both worked for the engineering behemoth Bechtel, when they weren't stomping in and out of the Oval Office...