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Lockheed Scandal / Resignations #244297

CBS Evening News for Friday, Feb 13, 1976
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(Studio) 2 top Lockheed execs. resign.
REPORTER: Walter Cronkite

(Burbank, California) Lockheed board of dirs. meets. Chairperson Dan. Haughton and vice-chairperson, A. Carl Kotchian, have admitted millions spent on foreign representatives to influence sale of planes. Japan received $12 million. Over 5 years, $10 million paid to other cntrys. for contracts. [New Lockheed chairperson Robert HAACK - cites reasons for Haughton and Kotchian resignations. Company will survive.] Haack is member Lockheed board and ex-pres. of New York stock exchange. Lockheed has problems with image and paying back government loans.
REPORTER: Terry Drinkwater

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry
Duration:
00:02:10

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