Word: sec
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Dates: during 1980-1989
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Princeton, on the other hand, won the medley relay (3:21:45 sec.) and had two individual winners, Andy Saltzman and Beaver O'Hara. The Tigers, however, could place their other scorers only in the consolation finals (places 7 through...
Fearful that Textron's affairs would become public, company officials allegedly altered documents in the so-called White Rose files, which dealt with foreign payoffs. As the SEC dug into the Textron case over the past two years, executives also began losing their memories, and eleven employees took the Fifth Amendment and refused to answer questions. According to the SEC, documents relating to Textron's Defense Department entertainment fund were also destroyed...
...payments like the one to the firm of the Shah's brother-in-law were not illegal under American law at the time. They were first outlawed by the 1977 Foreign Corrupt Practices Act, which grew out of bribery scandals involving Lockheed and other firms. Last week the SEC was still meeting with leading corporate lawyers to discuss possible guidelines pertaining to enforcement rules. Many businessmen and some Government officials challenge the whole concept of exporting morality to parts of the world like the Middle East, where baksheesh, or greasing the palm, is an accepted fact of business life...
With the Senate and SEC investigations concluded but inconclusive, Miller's opponents now demand that the Justice Department dig further. Last week five Senators sent Attorney General Benjamin Civiletti two separate requests for a special prosecutor to investigate possible perjury. Said Senator William Proxmire: "It appears clear that Mr. Miller's testimony before this [Banking] Committee in 1978 was false and misleading." Civiletti has been slow in pushing the inquiry of his fellow Cabinet member and has not questioned several top Textron executives. Referring to the Abscam scandal, Senator Robert Dole quips: "Maybe the Justice Department...
Although the SEC is unlikely to press its inquiry now that Hefner has agreed to repay the company, Playboy is still contesting an assessment of about $13.4 million in taxes due the Internal Revenue Service between 1970 and 1976, including $ 1.4 million that taxmen say Hefner owes for his use of the mansions. Nor is this an end to trouble in the hutch. Bunnies are no longer multiplying like rabbits, and for the first time Playboy Clubs are having to hustle for bustle. Evidently, being a bunny these days, like being a playboy, is not what it used...