Word: dorsey
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...Dorsey and his predecessor as chairman, retired E.D. Brockett, were not present.) With only a break for dinner, they listened to John J. McCloy, former World Bank chief. Though he had no direct connection with Gulf, he had been chosen by the directors to head a company self-investigation ordered by the SEC. Helping him were Gulf Directors Nathan W. Pearson, a key financial adviser to the Mellon family (owners of about 20% of Gulfs stock), and Beverley Matthews, a Toronto lawyer. The three formed a special review committee and produced a 298-page report. Slowly, cogently, McCloy reviewed...
...Nassau was transformed from an insignificant subsidiary into a firm that could "launder" Gulfs money and pass it along to politicians. Whiteford insisted that the fund be kept secret from the Mellon family and from the executives that he called the "Boy Scouts"-E.D. Brockett and Bob R. Dorsey. To the directors at last week's meeting, the key question was whether Boy Scout Dorsey had had knowledge of the fund...
...testimony before the McCloy committee, Dorsey maintained that he did not know of the fund or of the activities of its chief operative, Claude C. Wild Jr., Gulfs lobbyist in Washington...
Only in July 1973, Dorsey said, was he informed that the Watergate Special Prosecution Force had discovered an illegal contribution of $100,000 from Gulf to the 1972 Nixon campaign. He soon learned, too, of donations to two Democrats: $15,000 to Arkansas Representative Wilbur Mills and $10,000 to Washington Senator Henry M. Jackson. (They gave back the money when Gulf told them that it came from corporate instead of personal funds...
After that, Dorsey instructed his employees to cooperate with further investigations of the slush fund. Unpleasant facts spilled out in an ugly torrent. According to the McCloy report, Gulf had slipped money to a host of prominent politicians over the years, starting with Lyndon Baines Johnson, who received $50,000 in 1961 when he was Vice President. Other alleged recipients included Oklahoma Senator Fred Harris, now a candidate for the Democratic presidential nomination; Senate Republican Leader Hugh Scott of Pennsylvania; New Mexico Republican Senator Edwin Mechem, now a federal judge; and Indiana Republican Representative Richard Roudebush, now chief...