Word: haughtons
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...detecting and destroying submarines. Indeed, the Japanese are having second thoughts about buying 110 to 120 new fighters, costing $10 million to $20 million each, from another American company?either General Dynamics, Grumman or McDonnell Douglas. At week's end the scandal cost Kotchian and Lockheed Chairman Daniel J. Haughton their jobs. Lockheed's 15 directors assembled for a special meeting called by Haughton; a few grumbled beforehand that they had not been kept fully informed of the potential dimensions of the bribery revelations. By the time the meeting began, Haughton and Kotchian had drafted a letter, addressed...
...fund depends in large part on the success of its athletic squads, particularly on how the football team performs against its Ivy League competitors. Lynch's last minute kick on Saturday may well have been a $64,000 connection. Who can even estimate the economic value of coach Percy Haughton who reversed Harvard's losing ways in the early 1900s, and whose defensive hand signals were later used during World War I by the U.S. Army...
...that payments were necessary to its success in some sales overseas but did not list the specific payments. This secrecy was defended by the assertion that "disclosure could have a serious impact on several hundred million dollars of the company's present backlog" of $1.6 billion in foreign orders. Haughton denied both Senate committees access to the details: "Attempting to establish names of recipients or attempting to prove that payments had been received in specific foreign countries would be unfair, would serve no useful purpose and would cause a maximum amount of harm." (August 25 hearings...
...Haughton claimed that he and the rest of Lockheed's corporate management did not usually know where its payments ended up. But he defended the practice's usefulness: "If you get the contract, it's pretty good evidence that the payments had to be made...
...right to know what it's funding, let alone ensure that the money is used properly. Lockheed, its competitors in the weapons industry, and their Pentagon and congressional allies exemplify the close and pervasive government-corporate relationship of today: a corporate socialism that serves the interests of men like Haughton and their businesses, leaving the people slightly poorer but no better...