Word: kodak
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Dates: during 1970-1979
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...ACSR supported disclosure of political contributions by three companies, Eastman Kodak, ITT, and Standard Oil, while the subcommittee voted Harvard's stock for disclosure by only Standard Oil, whose gifts, it said, were of proven significance. To ask other companies to disclose their gifts would be unfair, it said, since labor unions and other large institutions sometimes make secret contributions. There were other differences...
Indeed, the big buying action on Wall Street these days is in the stocks of sound, old-line companies like Exxon, Bethlehem Steel and Du Pont. Such glamour stocks as Xerox, IBM and Eastman Kodak are still going down, partly because there is no shortage of copiers, computers or cameras. Also, many of the former highflyers pay small dividends or none at all. The standard industrial companies often pay dividends equaling 5% to 6% of the price of their stocks and so are better able to compete against other investments in an era of still lofty interest rates...
Among at least three pending antitrust suits filed by competitors against Eastman Kodak Co. is one brought by Berkey Photo, Inc., charging Kodak with "attempts to monopolize"-and all manner of other bad deeds. When it comes to introducing new products, however, Berkey officials apparently think that Rochester's jolly yellow giant knows best. Berkey's Keystone camera division has captured about 15% of the instant-loading market by frankly imitating Kodak's hugely successful Instamatic. Last week, some 15 months after pocket Instamatics were introduced by Kodak, Berkey unveiled its sincere form of flattery: the Pocket...
...subcommittee plans to re-examine next week its policy of supporting disclosure of political gifts only in companies whose gifts are known to be "substantial," Calkins said. The ACSR requested the re-examination last week, when Harvard said it would abstain on disclosure resolutions aimed at Eastman Kodak and International Telephone and Telegraph...
...enough for Harvard to support disclosure resolutions, as the subcommittee promised, in companies where "the record indicates" substantial contributions. Kodak may be correct in claiming that its affiliates' executives act purely as individuals when they set up funds to help such deserving candidates as Senator Strom Thurmond (R-S.C.). But we see no harm in finding out more about their activities. ITT's little excursions into electoral politics in this country and in Chile may fall outside the scope of the present disclosure resolution, as Hugh Calkins '45, chairman of the subcommittee, was quick to point out. But they...