Word: wedtech
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Dates: during 1986-1986
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...company to James E. Jenkins, who was the top aide to then Presidential Counsellor Edwin Meese. The letter, written in May 1982, just four months after Nofziger left the White House, urged Jenkins to intercede with the Army in considering the Welbilt Electronics Die Corp., later renamed Wedtech. Whether or not the letter played a role, the firm got the nonbid contract in September...
...Wedtech, whose net revenues jumped from nearly $10 million in 1981 to $117 million last year largely on the strength of Government contracts, issued stock publicly for the first time in August 1983. Nofziger and his partner Mark Bragg, who had been retained by Wedtech as public relations consultants, had each received 22,500 shares of the stock, then worth $360,000 at $16 per share. Jenkins quit the White House in May 1984, began consulting for Wedtech in October 1985, and now is the company's Washington representative...
...Nofziger. Federal laws prohibit onetime senior employees of the Government from lobbying their former agencies for at least a year after leaving office. Nofziger told the Times he was recovering from a mild stroke in 1982 and did not actually recall his letter to Jenkins. Meanwhile, investigations of Wedtech's ties to influential politicians are under way in New York City and Baltimore; a federal grand jury in New York has called Nofziger to testify. Like Michael Deaver, a fellow Reagan intimate and lobbyist who is already under investigation by a special counsel, Nofziger may have stumbled while walking...