Word: bells
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Dates: during 1970-1979
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...easygoing Campbell worked as a lineman for Southern Bell Telephone Co. and a tractor dealer, then joined the Calhoun bank in 1968. He rose to vice president in three years. But Campbell apparently found his $18,000 salary inadequate. Beginning in 1971, he began diverting bank funds to his own use, pumping the money mainly into a 460-acre Angus cattle ranch he bought near Calhoun. His main technique, curiously risky in such a small town, was to take out loans in the names of other people and even a local church He filed all the proper papers, then pocketed...
Students living near the Lowell House bell tower may find it difficult to sleep past the early morning hours, as construction crews hammer new bricks and remove old ones from the bell tower. Cracks were discovered early this summer, but initial repairs determined that the tower is not falling apart, and the work should take no more than two weeks to finish, Frank Marciano, superintendent of Buildings and Grounds, said yesterday...
...whole affair seems an extreme case of office politics. "There were always rival factions within [Southwestern] Bell " says one insider. "When Angus Alston the chairman of the board, was dying of cancer in 1974, a new group came into power and wanted to get rid of their enemies, Gravitt and Ashley." Pat Maloney the flamboyant lawyer for Gravitt's widow, pointed to a Bell organization chart in the San Antonio courtroom; he accused Gravitt's successor, Chester L. Todd, of instigating the investigation that led to the executive's death only to get his job Asked Maloney...
...scandal already has brought consequences. After Gravitt's death, the Texas legislature passed a law giving state rather than city officials the power to approve or deny telephone rate increases In its first rate case decided in 1976, the new state commission gave Southwestern Bell less than one-fifth of a $298 million raise that the company sought...
This case is not the only embarrassment for American Telephone & Telegraph Co., parent of the Bell companies L.E. Rast, president of Atlanta-headquartered Southern Bell, John J. Ryan, former vice president and general manager for Bell operations in North Carolina, and three other company executives have been indicted in North Carolina on charges of conspiring to force other company officials into falsifying expense accounts so that the money could go into illegal political contributions. The company has admitted that some 80 Southern Bell executives between 1971 and 1973 made contributions to politicians totaling $142,000. Ryan last week pleaded...