Word: irenical
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...page report, titled The Company State, Nader writes: "Du Pont dominates Delaware as does no single company elsewhere in any other state. Virtually every major aspect of Delaware life is pervasively and decisively affected by the Du Pont company, the Du Pont family, or their designees." Irenée du Pont Jr., 51, a company vice president and de facto family spokesman, told TIME Correspondent Hays Gorey that the charges are nonsense. Du Pont approves a description of the report by Dr. Julian Hill, a retired Du Pont chemist, as "intellectual vandalism." He adds: "I don't believe there...
...Power. Many of the facts of Du Font's size and reach are beyond dispute. The company employs 13% of the Delaware work force; its $288 million payroll in Delaware is bigger than the state budget. The family controls two of the state's four largest banks. Irenée Jr., for example, is president of the family-controlled Christiana Securities holding company, a director of the Wilmington Trust Co., the News-Journal Co., Delmarva Power & Light and chairman of the Greater Wilmington Development Council. The state's sole U.S. Representative is Pierre S. du Pont...
...Senator John Williams, denouncer of Bobby Baker for influence peddling, sponsored a tax-bill amendment that allowed a $2.1 million writeoff for Xanadu, a family estate in Cuba that was confiscated by Castro. Further, say the Raiders, the company and family properties in Delaware are undervalued for tax purposes. Irenée Jr. says that he knows nothing about any contacts made with Senator Williams in the family's behalf. To the other point, Vice President Irving Shapiro, the company's first Jewish director, replies: "If the accusation is that Du Pont is chiseling on existing tax laws...
...largest and most influential newspapers, the Wilmington Morning News and Evening Journal. Creed Black, editor from 1960 to 1964, quit when a Du Pont public relations man was put in above him; the owners, said Black, obviously wanted "house organs instead of newspapers." But now, insists Irenée Jr., the editors "call the shots the way they see them." He says that if the papers were sold to two separate owners, as the report recommends, they would probably not survive financially...
BLACKS. Though blacks are 15% of Delaware's population, according to Equal Employment Opportunity Commission reports as of two years ago, the state's chemical industry had only 1.5% blacks in office and clerical jobs, .4% as chemists and engineers and none as salesmen. Irenée du Pont responds: "We'd love to have 15% blacks at all levels of employment, but the prime consideration is doing the job properly." He says that few blacks yet have the technical training required...