Word: slushed
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...contention that this is not "an actor's film." Hal Holbrook is brilliant as Deep Throat, giving him an arrogance and condescension that make that famous nonperson's behavior explicable. So is Jane Alexander as the edgy mouse of a bookkeeper whom Bernstein persuades to talk about the slush fund at the Committee for the Re-Election of the President. Penny Fuller and Lindsay Anne Grouse appear as newspaperwomen who help out with leads at key moments?the former dizzily, the latter with touching reluctance to betray a lost love...
...Watergate Special Prosecutor's Office meted out tiny fines-usually $5,000 for the guilty corporation and $1,000 for the top officer-and closed its books. But the SEC, fearing that the political contributions had violated reporting rules, promptly reopened all the cases. It discovered several slush funds...
...Thomas V. Jones resigned as chairman of Northrop and is supposed to be replaced as president no later than June 16; after that, he may-or may not-stay on as chief executive. Gulf fired Chairman Bob R. Dorsey, even though his degree of knowledge of the slush fund was not proved...
...conclusion of Gulfs case shines almost brightly in such a context. The huge company (1974 sales: $16.5 billion) last year admitted that it had paid $12.3 million to politicians in the U.S. and elsewhere, most of it from a secret slush fund (TIME, Dec. 8). In response, Gulfs board convened for a marathon session that in many ways had elements of a two-act courtroom drama. Act I opened on a Monday afternoon. Twelve of the 14 directors gathered in the walnut-paneled board room on the 31st floor in Gulfs headquarters tower in Pittsburgh...
After that, Dorsey instructed his employees to cooperate with further investigations of the slush fund. Unpleasant facts spilled out in an ugly torrent. According to the McCloy report, Gulf had slipped money to a host of prominent politicians over the years, starting with Lyndon Baines Johnson, who received $50,000 in 1961 when he was Vice President. Other alleged recipients included Oklahoma Senator Fred Harris, now a candidate for the Democratic presidential nomination; Senate Republican Leader Hugh Scott of Pennsylvania; New Mexico Republican Senator Edwin Mechem, now a federal judge; and Indiana Republican Representative Richard Roudebush, now chief...