Word: sec
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Dates: during 1970-1979
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...bottom of the problem of corporate bribery. The Securities and Exchange Commission has urged corporations to disclose questionable payments voluntarily rather than be found out by investigators. More than 50 companies have confessed to such payments so far; another 35 have either come to the SEC for guidance on making disclosures or are the subject of SEC probes...
...Thus read the March 17, 1926 entry from the diary of Dr. Robert H. Goddard, an obscure physics professor and engineer. The day before, Goddard had launched the first liquid-fueled rocket from a field on his Aunt Effie's farm near Auburn, Mass. The 2½ sec. flight carried the rocket to a height of only 41 ft. and a speed of 60 m.p.h. But it convinced Goddard that the science of rocketry would one day land a man on the moon...
...repeatedly cited her Fifth Amendment rights against selfincrimination 42 times in all, leaving some members of the jury visibly startled. The new material included notes in Patty's handwriting, so stipulated by Bailey, that seemed to be cryptic references to making a time bomb: the "toaster wire: 10 sec; timing device w/fuse; clock (set to minutes) or cigarette (wire in fuse)." There were also more explicit and alarming comments: "place for 'switch' car to be (just in case); lookout signal; meet to talk about shooting...
Until the Lockheed revelations, the payoff with the most explosive consequences was United Brands' 1974 payment of a $1.25 million bribe to a high official in Honduras to reduce an export tax on bananas. The bribe was uncovered by an SEC investigation into the suicide of United Chairman Eli Black, who swung his briefcase to smash a hole in a window of his office on the 44th floor of New York City's Pan Am Building and then jumped to his death. The disclosure helped bring on a Honduran coup that overthrew the government of President Oswaldo...
...SEC investigation disclosed that Phillips Petroleum Co. went so far as to establish two Swiss corporations into which it channeled a total of $2.8 million. A bit less than half of that was then withdrawn and transferred to a cash fund at the company's Oklahoma headquarters. By the time the Government caught on, $585,000 had been paid out in political contributions in the U.S., most of it in violation of the laws. The other half of the "laundered" Swiss money was spent overseas on payoffs and attorneys' fees for the Swiss corporations...