SCANDALS: Gulf Leads Toward a Cleanup

Big business in America has been hurt in past months by recession and inflation, but no wound has been more grievous than the revelations that it has used its money to influence public officials at home and abroad. One scandal has surfaced after another with deplorable regularity, as major corporations have been found making illegal political contributions and payoffs. The predictable results are a serious erosion of public confidence in, and a sharpening cynicism about, the motives of businessmen. To make matters even worse, the penalties imposed on guilty companies have been...

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