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...submarines in 1979, but dropped the probe in 1981 for lack of enough evidence of fraud. Now the Justice Department has reopened the case in light of new information from P. Takis Veliotis, who in 1977 became head of Electric Boat, the company's sub-building division in Groton, Conn. His word is hardly unimpeachable. In 1983 he fled to his native Greece to avoid being tried on charges of perjuring himself before a grand jury and taking $1.3 million in kickbacks from a subcontractor (see box). Veliotis has produced tapes and company documents that he claims reveal a pattern...

Author: /time Magazine | Title: General Dynamics Under Fire | 4/8/1985 | See Source »

...Greek shipowner, he was president of a Canadian shipbuilding company before joining General Dynamics in 1973 as head of its Quincy, Mass., shipyard. Rising quickly, he was appointed head of the problem-plagued Electric Boat division in 1977. He fired more than 3,000 workers at the Groton, Conn., yard within weeks of becoming boss, then went on to oversee the building of the first Trident submarine. Veliotis claims that David Lewis, General Dynamics' chairman and chief executive officer, promised to step aside and give him the top spot as a reward for a good performance, but reneged. "That...

Author: /time Magazine | Title: The Fugitive Accuser | 4/8/1985 | See Source »

Hyman Rickover, father of the nuclear navy, friend of congressional committee chairmen, was accustomed to getting his way with defense contractors. Once, according to congressional investigators, while visiting General Dynamics' Electric Boat shipyard in Groton, Conn., the crusty admiral admired a horn-handled fruit knife and idly declared that he would like to have a dozen of them. Shipyard executives hopped to. The handle was shipped off to a General Dynamics' lab, where analysis revealed that it had been made from the horn of a rare Southeast Asian buffalo. More buffalo horn was sent for, and a dozen...

Author: /time Magazine | Title: Overrun Silent, Overrun Deep | 12/24/1984 | See Source »

...familiar limitations. The Book Class, his 27th work of fiction, is, like most of its predecessors, a study of a small group of people who live on Manhattan's Upper East Side, belong to the Knickerbocker and Colony clubs, send their sons to schools such as Groton and Yale (the author's alma maters), and consider the Rockefellers, who came into their billions less than a century ago, slightly parvenu. This time around, Auchincloss is concerned with the female of that rare and resplendent species: twelve women who met once a month, from 1908 to 1972, to enrich...

Author: /time Magazine | Title: Books: Cul-de-Sac | 8/20/1984 | See Source »

Historically, Democrats won by embracing disparate and even warring factions. The New Deal coalition included urban ethnics, Southern Protestants, dirt farmers, Jewish intellectuals, illiterate coal miners, poor blacks and virulent racists. Improbably, they rallied behind a Groton-and Harvard-educated polio victim with a patrician accent...

Author: /time Magazine | Title: A Party in Search of Itself | 7/16/1984 | See Source »

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