Word: mckay
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Dates: during 1980-1989
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Reagan told reporters earlier yesterday that he would soon appoint a successor for Meese, who announced last week that he would leave the Justice Department by early August. Meese said he had been vindicated by Independent Counsel James McKay's investigation of alleged wrongdoing during Meese's tenure as attorney general...
...what really had Washington holding its breath was the prospect that a reversal might put into question evidence collected by Independent Counsel Lawrence Walsh in the first months of his Iran-contra investigation, before he took a backup appointment from the Justice Department. The ruling also frees Prosecutor James McKay, who earlier obtained a conviction of former White House Aide Lyn Nofziger, to release the report on his investigation into Attorney General Edwin Meese...
...long, it's been good to know ya. Attorney General Edwin Meese will be gone before the Democratic Convention, Bush sources hope. He'll resign just as soon as he has had a chance to mount a face-saving p.r. offensive against the impending report from Independent Counsel James McKay...
...four-year court battle has been hard on the whistle-blowers. Says McKay: "I would not urge anyone to subject their families to what I've had to do. If you stand up and insist on not going along with wrongdoing, you're going to have people try to crush you." Recalls Williams: "Ashland Oil had been my life. I felt fiercely loyal to the company, but I felt betrayed." Both men believe they were blacklisted by the petroleum industry after they left Ashland. The executives can hope, though, that their victory may bring about some change in corporate ethics...
Last week a federal jury in Covington, Ky., ordered Ashland to pay the former executives damages of $69.5 million, which would amount to 52% of the company's fiscal 1987 earnings. McKay, 45, won $44.6 million, while Williams, % 47, was awarded $24.9 million. McKay's judgment, which was higher because his salary at Ashland was larger than Williams', is one of the largest awards ever granted to an individual claimant. Ashland will appeal, and may be able to get the damages reduced. Because the company will not have to pay anything until the appeals process is complete -- something that could...