TITLE

The Agonies of Ashland

PUB. DATE
September 1975
SOURCE
Time;9/1/1975, Vol. 106 Issue 9, p67
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the issues and problems encountered by Ashland Oil Inc. It says that the company faced several issues from 1973 to 1974 such as its violation of the Federal Election Campaign Act of 1971 and the issue on filing deceptive reports to the Securities and Exchange Commission (SEC). It states that Ashland submitted a report in June 1975 that holds information on how the company's executives had managed to divert corporate assets in an 800,000 U.S. dollars political fund and that a CIA operative was on Ashland's payroll from 1967 to 1972. It mentions several politicians who received payments from Ashland including Richard Nixon, Robert Strauss, and Wilbur Mills. Moreover, it mentions that Ashland is also engaged in chemical industry and road building.
ACCESSION #
53515774

 

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