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...Scouts. The trouble, McCloy found, started in 1959, when Gulfs then chief executive officer W.K. Whiteford decided that his company needed more "political muscle." To get it, he ordered that a covert fund be set up. In 1960 the Bahamas Exploration Co. Ltd. in Nassau was transformed from an insignificant subsidiary into a firm that could "launder" Gulfs money and pass it along to politicians. Whiteford insisted that the fund be kept secret from the Mellon family and from the executives that he called the "Boy Scouts"-E.D. Brockett and Bob R. Dorsey. To the directors at last week...

Author: /time Magazine | Title: SCANDALS: Gulf Leads Toward a Cleanup | 1/26/1976 | See Source »

...Gulf Chairman William K. Whiteford, 62, a rugged, casual oilman who started out as an Oklahoma roustabout, Spencer seemed ideally suited to become a Gulf subsidiary. Spencer's President John C. Denton, 44, was just as eager to accept Gulf's offer. He felt a need for more expansion capital to meet sharpening competition, especially in the plastic lines Spencer also makes. Spencer received several other suitors before settling on Gulf. Mrs. Helen Spencer, the largest shareholder, with 14% of the 3,000,000 outstanding shares, particularly liked what she felt was Gulf's "empathy" toward...

Author: /time Magazine | Title: Corporations: Fertilizing the Oil Business | 9/20/1963 | See Source »

Author Waller, 35, is himself a Manhattan public-relations man. His novel is printed on mint-green paper with "chromatically related'' dark green lettering. The Whiteford Paper Co.'s E. A. Whiteford, who minted this process, argues that the book has "built-in sun glasses" and saves the reader the "repellent" eyestrain of conventional black and white...

Author: /time Magazine | Title: Books: Surf Opera | 6/30/1958 | See Source »

...Shape's" prime movers, with the presidency; longtime Boss Gwilym Price remained chairman. Every industry looked for new competitive talent. To exploit new markets at home, John L. Burns, 49, took over at Radio Corp. of America as Frank Fosom neared retirement; with more exploration abroad, William Whiteford stepped up to replace Gulf Oil's retiring Boss Sidney A. Swensrud. And when General Dynamics Chairman John J. Hopkins died, the man who moved in to tie the corporation's many divisions together was Frank Pace, 45, onetime U.S. Budget Director and Secretary of the Army. Even Madison...

Author: /time Magazine | Title: Business: Business, Dec. 30, 1957 | 12/30/1957 | See Source »

...William K. Whiteford, 56, president of Gulf Oil Corp., officially becomes chief executive officer with the retirement of Sidney A. Swensrud, 56, as chairman of the board, a post that will be discontinued. Burly, aggressive Bill Whiteford, who started as an oilfield roughneck out of Stanford University, was brought into Gulf in 1951 from the presidency of Canada's British American Oil Co., Ltd., made chief administrative officer in 1953 under Swensrud, who moved up from president to board chairman. Whiteford shook up Gulf's management, strengthened its domestic and Western Hemisphere holdings, firmly but unofficially took over...

Author: /time Magazine | Title: PERSONNEL: Changes of the Week, Mar. 25, 1957 | 3/25/1957 | See Source »

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