Bank of America Denies Viet War Profits
Bank of America executives told stockholders the bank does not profit from or support the Vietnam War and refused a call for an immediate withdrawal. Chairman A W Clausen defended the bank, reported strong 1969 results, and condemned campus unrest while condemning attacks on the bank and its Santa Barbara branch.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Bank of America
Vietnam
Los Angeles
A R. Appleby
University of California
Santa Barbara
Louis Lundberg
Appleby
Saigon
Lundborg
Southeast Asia
Red Cross
Clausen
Joans
Mnuch
GI Bill Pay Raised to $175 Per Month
Senator Cranston announced a Senate-House conference compromise raising GI educational benefits for Viet Nam veterans from 130 to 175 a month and setting a 110 monthly cost of living increase for vocational rehabilitation subsistence. The compromise also awards 195 under terms of the bill.
MENTIONED IN THIS ARTICLE
Washington
Alan Cranston
Calif
Senate
House
Cranston
Marines to be discharged early under Nixon plan
Senate Armed Services heard that as part of Nixon’s 18 percent force cut many Marines will leave up to a year before their terms end. Commandant Chapman warned of unrest but said the move will raise corps quality by reducing reliance on drafts and tightening reenlistment standards. Navy Secretary Chaffee noted deeper trouble in retaining high quality personnel, with pilot retention falling from 60 to about 26 percent and reserve officer retention declining since 1963-64.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Senate Armed Services Committee
Chapman
Noonger
Navy
John H. Chaffee
Marine Corps
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