Word: collado
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...Emilio Collado, an Exxon executive vice president, says that any tightening of the rules that permit foreign taxes to be subtracted from U.S. taxes would hurt Exxon worse than many of its competitors, partly because the company's foreign operations are so extensive. Collado insists that critics of the industry should look at not just the U.S. taxes but also the worldwide taxes that it pays. Exxon last year, he asserts, paid 60% of its global taxable income to various governments. The industry's defenders argue further that tax rules have given it no profit bonanza. Until last year...
...should consider sponsoring a U.N.-wide agreement on international investment. Under such a plan, he said, investment funds might be governed in much the same way that the independently organized General Agreement on Tariffs and Trade (GATT) lays out rules for the movement of goods between nations. Emilio G. Collado, executive vice president of Exxon Corp., favored the notion of a proposed voluntary U.N. code of conduct for multinationals, under which, among other things, corporations operating abroad would pledge not to seek political leverage from their home governments...
...that the president, in spite of his high-sounding title, was actually under the thumb of the U.S. executive director, who, because of the huge U.S. investment in the Bank, controls the biggest bloc of votes on the board. And the U.S. executive director was bossy, ambitious Emilio Gabriel Collado, 36, longtime New Deal economist. Many bankers feared that Collado was likely to put too heavy an emphasis on the political instead of financial merits of loans...
McCloy accepted with the understanding that, no matter how the Bank was set up on paper, he would be boss in fact as well as in title. To play safe, he demanded -and got-the resignation of "Pete" Collado. (Washington gossiped that Collado would soon go to China to lend a hand in stabilizing the currency...
...take Collado's place the Bank picked a McCloy man, Eugene R. Black, 48, lean, laconic vice president of Manhattan's big Chase National Bank, who has recently returned from a two-month study of European credits. (His appointment is the only one that must be confirmed by the Senate...