SCANDALS: Darkening Storm over Gulf

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!