Official allegedly helped Neil BushA top White House...

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March 26, 1993

Official allegedly helped Neil Bush

A top White House official during the Bush administration intervened in a government investigation of Neil Bush, the president's son, according to L. William Seidman, former chairman of the Federal Deposit Insurance Corp. Neil Bush was investigated by the Office of Thrift Supervision on charges of conflict of interest stemming from his role as a director of Silverado Banking, Savings & Loan Association.

Mr. Seidman wrote in a forthcoming book that in 1990 the FDIC's general counsel came to his office and said White House counsel Boyden Gray "has a question about the Neil Bush matter." At the time of the investigation, Neil Bush was also facing a lawsuit filed by the FDIC against him and other Silverado directors.

Rupert to bid for New York Post

Rupert Murdoch, once the owner of the embattled New York Post, will make a bid to take over the brash tabloid once again, a spokesman for him said yesterday. Mr. Murdoch's News America Publishing Inc. will make an offer to run the newspaper, which filed for bankruptcy last week, while Mr. Murdoch arranges a formal bid to buy it, the spokesman said.

Apple licenses Newton technology

Apple Computer Inc. said yesterday that it is licensing the technology for its Newton device to several companies in an effort to make it "a pervasive standard" available to the computer, consumer and telecommunications industries.

Newton hardware and software technologies make up a set of personal-communications products based on digital technologies. They include cellular telephones, facsimile machines, computers and wireless communications products.

Coke silent on Mexican stake

Coca-Cola Co. said it had no comment on a statement by the head of a Mexican beverage firm that Coke is negotiating for a minority stake in the Mexican company.

Othon Ruiz Montemayor, chief executive of Fomento Economico Mexicano S.A., said Wednesday that his company is in talks with Coca-Cola over a minority stake. The Mexican company holds the world's largest Coca-Cola bottling franchise.

Iacocca got $12 million in 1992

Former Chrysler Corp. Chairman Lee A. Iacocca can afford retirement.

The automaker paid its colorful former chief executive $12.2 million in 1992 and also handsomely rewarded its other top executives, according to a required federal filing.

Chrysler, the only U.S. automaker to report a profit last year, paid Vice Chairman Robert J. Eaton, who succeeded Mr. Iacocca in January, $7.4 million in 1992, according to a preliminary proxy statement filed with the Securities and Exchange Commission this week.

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