Few U.S. corporations have been so badly tarred by revelations of illegal political contributions at home and questionable payments abroad as Gulf Oil Corp. Since those dark days a year and a half ago, Gulf had seemed to make considerable progress in restoring its reputation. Among other things, it ousted Chairman Bob Dorsey and replaced him with Jerry McAfee, who had run its Canadian oil subsidiary and had no connection with the payoffs. Yet last week the Pittsburgh-based multinational was enmeshed in a new web of scandal—especially concerning a uranium price-fixing cartel...
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