Word: portillo
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...accounts of a current union scandal, those are also the standard ingredients of the oil business, Mexican-style. The sordid revelations are the latest, and most titillating, evidence of the widespread corruption that flourished under President Miguel de la Madrid Hurtado's predecessor, José López Portillo. Last week Senator Ramón Martínez Martín, a former leader of the teachers' union, called for a complete investigation of the allegations of wrongdoing. If proved, he said, the charges against one of Mexico's largest unions "would be considered crimes against...
...other parts of the globe, President Reagan has always seemed at ease in dealing with Mexico. Shortly before his Inauguration, the former California Governor signaled that Mexico would be at the top of his foreign policy agenda by making a courtesy call on José López Portillo, who was then President. Reagan made a second trip south of the border to offer neighborly greetings to López Portillo's successor, Miguel de la Madrid Hurtado. But when the President traveled to Mexico for a return visit with De la Madrid last week, all of that good...
...lifelong friend of the former President's, Díaz Serrano was once considered a possible successor to Lopez Portillo. As a wealthy oil contractor in the 1960s and '70s, he had at one time been in partnership with Vice President George Bush in the Houston-based Zapata Oil Co. Later, after Lopez Portillo appointed him to be director-general of Pemex, Díaz Serrano guided the huge oil exploration program that, in just five years, made Mexico the world's fourth largest oil producer...
...after the U.S. refused to meet the Pemex price. In June 1981, after the worldwide oil glut had forced Mexico to lower its export price, Díaz Serrano suddenly resigned from his Pemex post after his enemies charged that he had not cleared the price cut with Lopez Portillo...
Last week's announcement astounded Mexican politicians, not only because of Díaz Serrano's prominence but also because of his closeness to Lopez Portillo. Many Mexicans saw the move as an indication that De la Madrid would press similar charges against other members of the former administration. The word in Mexico City, however, is that the new government has decided at the "highest level" not to press for any legal action against Lopez Portillo himself...