Tuesday, November 30, 2010

Scandals...Not in the Big Picture

For the most part, 3M appears to have been involved with very few scandals. They only one I could find definitive information on took place nearly 30 years ago. Yes, 3M was involved with one of the most well known scandals of its time...The Watergate Scandal and Investigations. 3M was cited as giving the Nixon group a $30,000 donation. According to Time Magazine, 3M did not have any self-interest in supporting the political group by giving them the donation. If there was not any underlying goal, then why would they do it. Chairman William McKnight did not feel as if they were doing any thing different than what other organizations was doing. Apparently, 3M decided if everyone else was doing it, why not us.

This information was taken from the article "Scandals: A Record of Corporate Corruption" published in Time Magazine on Feb. 23, 1976. http://www.time.com/time/magazine/article/0,9171,918067-1,00.html

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