SCANDALS: The Biggest Payoff

Exxon Corp. last year passed General Motors to become the nation's largest corporation in terms of sales. Now, so far as the public record shows, it also leads in making secret payments to foreign officials. Last week Exxon executives conceded to the Senate Subcommittee on Multinational Corporations that between 1963 and 1971, an Italian affiliate had spent from $46 million to $49 million to gain such political favors as favorable treatment of refinery licenses, levies on gasoline and heating oil, and other tax legislation. That sum far exceeds the political payments revealed by other U.S. corporations such as Gulf,...

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