European Stars And Stripes (Newspaper) - May 12, 1985, Darmstadt, Hesse                                May 1985 the stars and stripes Page 19 business news former Nixon aide found an honest Deal in Canada by Michael Babad Ontario up Hugh Sloan wanted an honest Deal and found one As head of a Canadian company and defender of Canadas Auto once treasurer of Richard Nixon committee to re elect the Sloan was an honest Young Man who decided he could not work for a corrupt White since then he has taken out Canadian citizenship and has turned Budd Canada a once ailing Auto parts into a profitable Sloan has also taken on the task of fighting the Ca Nadian government Over the Issue of japanese Auto imports almost 13 years after resigning As treasurer of the reelection committee and going against the Nixon loyalists behind the watergate when i began to understand what had happened i just personally became so uncomfortable with and it was alien to what i thought id signed on that i just made a personal decision that no matter what the Conse Quence id rather do it on my Sloan said in an interview in his Large office in about 65 Miles West of my View always Well i didst leave the team in the sense that it was the team left me because there suddenly something different than what i signed on i Felt i was constant in terms of what i was support ing and believed but that some other Guys had que ered the graduated from Princeton University in 1963 and went to work for the Republican party after a two year stint in the Navy in the he became a staff assistant to Nixon and treasurer of the reelection he resigned in july 1972 and joined Budd of less than a year later As the stain of water is ready to reject suitors Beverly a Hil ton hotels shareholders approved a series of takeover defences designed to Ward off unwanted company chairman Barren Hilton said he sees no need to hold a Wake Over Hiltons decision to bail out of its Atlantic he said the company May someday seek to re enter that there was no debate Over the series of bylaw changes at Hiltons annual meeting at the company the changes create staggered terms for require a 75 percent shareholder vote to approve a merger or the ouster of Board and give management the Power to Issue More the so called shark repellent was pro posed by Hiltons Board last month after Las Golden Nugget offered to buy about percent of Hil tons Stock for about that Stock is held by the estate of the late Conrad who died in 1979 and left the Stock to a charitable Gate was he became president of Budd Canada in september and earlier this month was chosen to a oneyear term As chairman of the Auto parts manufacturers association of which represents More than 300 who lives in neighbouring Waterloo with his wife Deborah and four has been president of Budd Canada for longer than any of his predecessors at the which produces Auto frames and he has become Active in the Kitchene Waterloo Community anglican Church Art gallery director and rotary club to name a few and is satisfied with his decision to join Budd after leaving the Nixon Republican in human in probably As Happy As Ive Ever he finding a Job was difficult after the watergate Story broke with the june breaking at democratic National committee Headquarters in Washington watergate Complex in an operation carried out by Nixon at the time i was seriously looking for a where i stood in the whole thing had really not come out pub he there was also the fear of the potential consequences of running up against the Nixon by making the decision i did it was in the Back of your whether youre right or that these Guys might sort of put the word out on Sloan under Budd Canada has become a profitable one of the top five employers in the City of last fiscal Budd posted a profit of More than compared to fiscal 1983 losses of Brazil nuts Hugh Sloan before watergate committee in 1973 employment at the Kitchener which during the recession fell to 600 workers from has jumped Back to Sloan and management Union relations have improved wards moving to Independence new York a Mobil took the first step toward disposing of its Strug gling Montgomery Ward unit announcing a plan to enable the nations sixth largest retailer to operate to oversee the reshaping of the 113year old retailing institution into a smaller and More profitable Mobil said it had hired Bernard president of household merchandising and a for Mer Montgomery Ward to return As president of Montgomery Mobil said it planned to eliminate the Money losing segments of its network of Catalon a move Herbert Schmertz termed Radical sur Mobil also said cutbacks were planned for its retail Chain of 322 Mont Gomery Ward stores and 44 Jefferson Ward discount and that administrative costs would be significantly up photo huge locomotive nuts Are inspected by its a hires of had it said the Cost of the restructuring will Dave Rochford at general motors electro received a million order to build five reduce mobiles after tax profit by about motive Plant in suburban la train locomotives for the state railway of million in that compares with general motors announced last week that earnings in 1984 of billion digest Italy state airline turns profit More than double 83 Rome up Italy state run airline a italia made an operating profit of some 242 billion lire million in 1984 More than double the result posted the previous according to an annual the a italia groups turnover was some billion lire billion and consolidated net profit was 21 billion lire officials who presented the report pointed out the positive result was achieved despite sharply increased costs because of the Strong some million passengers using the airlines Fleet of aircraft in an increase of some percent on the report million in Stock offered to finance mongolian Railroad peking a China has sanctioned a Stock Sale to raise billion Yuan million for building the nations longest Railroad an official news report it appeared to be the biggest Stock offering since the communist party resurrected the once denounced capitalist practice last year to help finance economic devel the state run China news service said the Stock will be offered by the government of the inner Mon Golia autonomous a vast Plain along the Mon Golian the news service quoted inner Mongolia communist party Secretary Zhou Hui i As saying the Stock Sale will finance the proposed Jining Tonglao a mile project when will be chivas longest single it will run from the inner Mongolia City of Jining Northeast through Liaoning province to the City of Tong Liao in Jilin opening an important corridor to move freight and passengers through chivas Northern the report Afeef chief sees collapse unless imports Are restricted los Angeles a the chairman of steel this past week predicted the american Industry will shrink Over the next five years and said his company would survive Only if foreign imports Are restricted and labor unions Grant chairman David Roderick said the company was Hope Ful that voluntary import restrictions sought by the administration of president Ronald Reagan will the import level from foreign Steelman rather than declining thus far in has risen to Roderick said at the company annual Roderick also reiterated the company stance that pay and productivity concessions were vital to jeep steel competitive with Domestic and foreign steel earned million on sales of billion in 1984 and had a profit of million on sales of billion in the first Quarter of this