Word: bechtel
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...Pentagon may have stemmed partly from his personal animus toward Defense Secretary Caspar Weinberger. The men have been warily circling each other for years. In the Nixon Administration, Weinberger worked as deputy to Budget Director Shultz, then succeeded him. In 1975, Shultz was named president of the Bechtel Group Inc. (1982 sales: $13.6 billion), a construction and engineering firm; Weinberger followed Shultz there as a vice president. But Weinberger's service to Governor Reagan in California put him ahead of Shultz when the President picked his original Cabinet. After Shultz replaced Haig, he and Weinberger soon began fencing, regularly...
...Shultz still thinks this place should run like Bechtel," says a State Department official. "When he gives an order and it doesn't get carried out, he can't accept...
Moreover, Shultz's familiarity with the Middle East, which he gained through Bechtel's business contacts with Arab countries, may have edged him toward hubris. The unraveling of his Lebanon policy has led Shultz to resent everyone else, including the White House "pragmatists," his erstwhile political allies. "George Shultz is ticked off at us," concedes a White House aide...
Robin Ette Bechtel, Kiunga Papua New Guinea...
...Bechtel's estimate stunned Wall Street as well as the plant's owners. Cincinnati Gas President William Dickhoner tried to quell the fears of financiers, vowing to "consider very carefully the implications of such a dramatic increase." The following day, however, Moody's Investors Service downgraded the ratings of the three utilities. Two other services, Standard & Poor's and Duff & Phelps, put the utilities on a credit watch. Fearful of bankruptcy, Columbus & Southern Ohio Electric and Dayton Power & Light have asked the Hamilton County Common Pleas Court to rule on who would be liable...