Word: catawba
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...specific allegations are highly technical. They revolve around actions of the Catawba Corp., a privately owned company created by William Sr. partly as a way to funnel his millions (one published estimate, disputed by the Buckleys as too high, is $170 million) to his ten children. Each inherited 9.8% of the firm's stock. The only non-family shareholder is Reasoner, who holds 2%. Catawba owned no mineral or petroleum lands of its own. But it controlled six other publicly owned corporations...
Some of these companies have acquired rights to acreage in Canada, Australia and the Gulf of Mexico, which, after years of proving unprofitable, have begun to create significant revenue. Others are mere corporate shells, owning little of value and sometimes lacking even a headquarters staff. Catawba managed all six satellite companies, charging high fees for this service and reaping royalties on any fuels or minerals these firms were able to sell...
...same spirit was in evidence when James B. Hunt Jr., 39, was sworn in as North Carolina's new Governor at a celebration that said a good deal about the South today. There were vestiges of the Old South: the official organizers served nothing stronger than nonalcoholic Catawba grape juice, though they tolerated hip flasks of bourbon and Scotch. But there were also elements of the New South: many of the majorettes in the inaugural parade were black, and at the ball, after some foot-stomping folk dances by the Grandfather Mountain Cloggers, the North Carolina Dance Theater performed...
Coming after two decades of severely strained U.S.-Egyptian relations, however, the new era of good will did have its bad moments. At a banquet given by Sadat at Washington's Anderson House, Ford raised his glass of sparkling Catawba juice and said, turning to Sadat, "To you, and the people you represent, the great people of the government of Israel." Amid gasps, Ford could only say lamely, "Egypt... excuse me." Later the two leaders reportedly laughed politely over the slip. Sadat's press secretary, Tahsin Bashir (see THE PRESS), cracked a barbed joke, "Perhaps President Ford...
Slow Judgment. The trial of John Hill (part Mohawk Indian) and Charley Joe Pernasilice (part Catawba) for murder and attempted murder was about to end, concluding a chapter of the American tragedy called Attica. But the end was slow in coming. It took three days of lengthy deliberations before Jury Forewoman Rosa Moore, one of two blacks on the panel, finally announced the verdict on Saturday night. Hill was found guilty of murder. Pernasilice was found guilty of second degree attempted assault. The men's lawyers promised to appeal...