Word: eklund
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Dates: during 1980-1989
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...Agee-Eklund connection...
...Agee an $805,000 annual salary for five years even if he is fired. That lucrative arrangement was presumably authorized by the board's compensation committee and approved by the directors, as is typical in such cases. But at Bendix there was a twist. Equitable Life Chairman Coy Eklund, a Bendix director and member of its compensation committee, is partly beholden to Agee for his own $594,794 in 1981 salary and bonuses. Reason: Agee is an Equitable director and sits on its compensation committee...
...executives often serve on the boards of one another's firms, but the Agee-Eklund compensation-committee connection raises some thorny questions. Are such overlaps in the best interest of the shareholders, for example, or are they tempting invitations to conflicts of interest? Last week neither Agee nor Eklund was willing to provide any opinions on the subject...
...Eklund's view that IAEA inspectors could discover nuclear chicanery was disputed in testimony before the Senate Foreign Relations Committee by Roger Richter, an American married to an Israeli, who resigned last week as an inspector for the international agency. Richter, who had been assigned to cover the area including Iraq but had never personally inspected the Tammuz reactor, said that the Iraqis could have concealed bombmaking efforts during IAEA inspection visits. Richter also said he believed the Iraqis wanted to make bombs within five years...
Richter's statement contradicted Eklund, but failed to explain how the Iraqis could fool the French technicians constantly on the scene. Last week the French government disclosed a secret agreement with Iraq for keeping French personnel at the reactor site until 1989. Michel Pecqueur, head of the French Atomic Energy Commission, insisted that the continued French presence would make it "impossible" for Iraq to stockpile the material to manufacture atomic weapons. If the Iraqis did try to cheat, he said, France would have cut off further supplies of enriched uranium. Pecqueur granted that a "significant quantity" of plutonium could...