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That leaves the committee to decide on two questions that are, at the least, embarrassing to the Speaker. One is whether Wright's financial dealings with Fort Worth developer George Mallick violated House rules. The other is whether Wright's sweetheart royalty deal was designed to get around congressional limits on outside income...

Author: /time Magazine | Title: A Case of Wright and Wrong | 4/17/1989 | See Source »

Wright also earned more than $30,000 in 1986 from an investment partnership with George Mallick, another longtime supporter. Mallick was one of the principals in a project to redevelop Fort Worth's stockyards that could have received a large chunk of $30 million in federal appropriations earmarked for the area by Wright. One of Mallick's businesses paid Wright's wife Betty a $1,500 monthly consultant's fee for at least three years, and the Wrights regularly stay in a Mallick-owned apartment in Fort Worth. Wright insists his support for the project was justified. "My interest...

Author: /time Magazine | Title: Wheeler-Dealers: The Wright Stuff | 10/5/1987 | See Source »

...through 1985 to comply with air-and water-quality standards. In just one year, the spending to meet the last 5% to 10% increments in environmental standards is so high that the money could build four energy-saving continuous casters for rolling steel. Says U.S. Steel Vice President Earl Mallick: "If we could invest that money in those facilities, we would have a totally different steel industry...

Author: /time Magazine | Title: Business: Steel at the Crossroads | 3/17/1980 | See Source »

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