Nation: Executive Swag

Perks from a "paymaster"

Awash in cash, some executives of an oil company have been spending it in unusual ways: extravagant gifts, liquor, gambling money, home appliances and other perks for themselves and their friends. So federal investigators have been told by a former middle manager of Amoco, a marketing subsidiary of Standard Oil Co. (Indiana).

Ken D. Anderson, 49, who in 1977 left as Amoco's $44,500 manager of field training in the Atlanta office, says that he was "paymaster" for a group of executives who regularly dipped into an often replenished $400,000 "training...

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