Nation: Treasury Secretary Accused

SEC says Miller knows about Textron's wining and dining

There have been no payments that are illegal or ... improper anywhere throughout the company." So said G. William Miller, suave, silver-haired chairman of the giant conglomerate Textron Inc. to his stockholders in 1976. Such statements were "erroneous and misleading," the Securities and Exchange Commission alleged last week; after a two-year investigation, it said Textron had made improper payments overseas. And while the SEC left open the question of whether Miller, who is now Secretary of the Treasury, knew about the payments, it said...

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