Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Exxon spent $27 million to pay off Italian pols. over 9 years and unknowingly paid $19 million more.
REPORTER: Walter Cronkite
(DC) [Senator Frank CHURCH - says corruption eating away vitals of West society.] Exxon controller, Archie Monroe, says corruption by secret pol. gifts in Italy fault of 1 man. Says head Exxon Italian subsidiary led company to believe such payoffs customary. [CHURCH - asks if that advice wasn't questionable.] [MONROE - says his word was accepted that this was proper In retrospect, it was mistake.] Italian chief fired. False bookkeeping and secret bank accounts involved. $86,000 went to Italy's Communist party [Senator Stuart SYMINGTON - says many execs. think more of company than cntry.] Mobil and Lockheed testify Thursday
REPORTER: Barry Serafin
- Cronkite, Walter;
- Serafin, Barry
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.