Word: kotchian
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Dates: during 1970-1979
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...August 20, 1972, A.C. Kotchian, president of the Lockheed Corporation checked into a suite on the tenth floor of the Hotel Okura in Tokyo and set in train the events which were to lead to the biggest scandal in the post-war history of Japan; his own dismissal along with that of Daniel Haughton, chairman of the board of Lockheed; and the most profound reconsideration in the United States of corporate morality, power and influence since the Teapot Dome scandal of the early 1920's. But the Lockheed affair, as it unfolded on a worldwide stage, is more than...
...Kotchian's Mission...
...When Mr. Kotchian arrived in Japan on that August day in 1972, his mission was nothing less than to save the Lockheed Corporation from impending bankruptcy. The company was then, and is now, the largest defense contractor in the United States. (Corporate sales in 1975 amounted to an estimated $3.5 billion.) But in the late 1960's, Lockheed's management had made a major decision to diversify its business and compete with Boeing and McDonnell-Douglas in the manufacture and sale of commercial airliners. Lockheed had thus developed the L-1011 Tristan wide-bodied jumbo jet, but the program...
What precisely did Mr. Kotchian do when he set up his command post in the Okura Hotel? In a remarkable five-part interview in the Asahai Evening News, he outlined the Lockheed sales campaign in detail. The crux of the problem for Lockheed was to persuade All Nippon Airlines to postpone a decision to buy the McDonnell-Douglas DC 10 and then arrange for All Nippon to buy the Lockheed Tristar, instead. In order to accomplish this objective, Kotchian undertook to penetrate the very top level of Japanese political decision making. He enlisted the aid of Lockheed's secret agent...
...bribes to current Premier Giulio Andreotti. The immediate public and press response was suspicion that right-wingers had planted forged documents in an effort to break up Andreotti's fragile, five-week-old Christian Democratic minority government, which relies heavily on tacit Communist support. Carl Kotchian and Dale H. Daniels, the Lockheed officials who were supposed to have written two of the documents published by L'Espresso, denied any knowledge of them last week. The U.S. Senate subcommittee reportedly had received no testimony on Andreotti, who dismissed the charges as "pure invention...