Word: bechtel
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Last week Bechtel Corp., a huge San Francisco-based engineering and construction firm (1975 contracts: $3 billion), came up with a startling answer. It insists that a company has to observe the boycott to the same degree as the U.S. Government does-and it argues that the Government is in fact complying with the boycott...
Violation Charged. Bechtel has profitably worked in the Middle East for 32 years and now has several multimillion-dollar projects under way there. In January the Department of Justice sued Bechtel in a test case, asking that it be enjoined from obeying the boycott. The charge: by refusing to give work to blacklisted U.S. firms, the engineering company was restricting competition and thus violating the Sherman Act, the basic U.S. antitrust...
...response, Bechtel admitted it is indeed complying with the boycott but denied it is restraining competition because the goods or services of blacklisted firms would not be allowed into Arab countries anyway. In addition, Bechtel contends that the Justice Department is seeking to broaden illegally the Sherman Act to include foreign or political boycotts, as well as domestic restraints of trade. Most compellingly, the company argues that the Government itself is complying with the boycott. Specifically, Bechtel said several U.S. agencies, most notably the Army Corps of Engineers and the U.S. Geological Survey, when working in Arab countries, have "engaged...
There are indeed many men of presidential caliber who have held high appointive office but never run in an election. Economist and Educator George Shultz, 55, now president of the Bechtel Corp., showed vision, courage and the ability to win the respect of his opponents when he was U.S. budget director and Secretary of Labor and Treasury. The brainy McGeorge Bundy, 56, the former Harvard dean who is head of the Ford Foundation, performed with authority as National Security Adviser in the Kennedy and Johnson Administrations (though his identification with the Viet Nam War would be a political burden...
...over so great a portion of energy supplies. Moreover, to build ten new enrichment plants by 1990 would require a capital investment of about $30 billion. The President believes the Government has better uses for its money, especially since private industry wants to get into the nuclear-fuel business. Bechtel Corp. and Goodyear have already proposed one plant, and several other companies, including Exxon, Arco Electronucleonics and Garrett Research, have indicated interest in building others. As an important side benefit, federal experts say, private companies can compete abroad for nuclear contracts more effectively than the Government...