Word: dorsey
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...matter. Reason: giving corporate cash to a foreign political party does not in itself violate U.S. law, but disguising the contributions on a company's books might contravene the SEC'S reporting requirements. Testifying at a secret SEC hearing early this year, Gulf Oil Chairman Bob Dorsey admitted that his company had indeed given $4 million to a political party in another country, which he did not name. A Senate Foreign Relations subcommittee decided to look into the foreign policy implications of Gulfs contribution and pressed Dorsey to come clean...
Last week Dorsey did. The $4 million, he admitted, was paid to the ruling Democratic Republican Party of South Korea. According to Dorsey, the party's financial chairman, the late S.K. Kim, demanded a $10 million contribution, but settled for $1 million in 1966 after "heated discussions." Gulf forked over another $3 million in 1971. Both payments, Dorsey told the committee, were made in response to "pressure which left little to the imagination as to what would occur" to Gulf's Korean holdings if the company said no. Gulf has invested $300 million in shipbuilding, refineries and polyethylene...
Korean politicians have not been the only beneficiaries of Gulf's-or the oil industry's-largesse. Dorsey admitted that Gulf had also donated $460,000 to former political rulers in Bolivia and had channeled another $50,000 through Beirut, as he euphemistically put it, to "defray the expenses of a public education program ... to bring about a better understanding in America of the Arab-Israel conflict." He did not say specifically who got that money. Meanwhile, Exxon and Mobil Oil acknowledged last week that they had also made gifts, which they insisted were legal, to political parties...
Married. Marvin Mandel, 54, Governor of Maryland; and Jeanne Blackistone Dorsey, 37, descendant of one of Maryland's founding families; both for the second time; in a Jewish ceremony in Annapolis. Mandel and his first wife Barbara ("Bootsie"), 54, who for five months refused to leave the Governor's mansion following her husband's public declaration that he intended to marry Mrs. Dorsey, were divorced just half an hour before the wedding. The bride divorced former Maryland State Senator Walter B. Dorsey...
Colker said Dorsey took the money but told Colker and Lily that he would have to talk to the four other coaches. Dorsey and the coaches from Lowell Tech and the University of New Hampshire opposed Colker's participation while Lily and Kenyon Jones, the Dartmouth coach abstained, Dorsey said...