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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 30, 1968
Page
9
Assembly Speaker Jesse M. Unruh of Inglewood urged Sunday that all major public officials disclose all financial interests. He announced plans to introduce stringent new conflict-of-interest legislation in California.
In San Francisco the Hughes bid to buy Air West for 90 million dollars faces no extension after Air West directors rejected the offer 13 to 11 following 53 percent stockholder approval for a sale. Ned Maheu and other Hughes spokesmen criticize the board while Northwest Airlines consider a higher offer triggering the rejection.
On December 16 the Los Angeles Times reported Senate President pro tem Hugh M. Burns along with two others, one an insurance lobbyist, formed an insurance company. Burns acknowledged sponsoring a bill that could aid firms tied to his insurer, denied a conflict, and said he opposed financial disclosure laws.
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