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July 12, 1990

“TRADE SECRETS”

By CBR Staff Writer

Is this a suitable company to hold UK cable television franchises, we wonder – a lurid piece in the Wall Street Journal about Nynex Corp’s application for a telephone rate review for New York Telephone reports that in course of the hearings, allegations came out of annual week-long so-called Perverts conventions held in Florida by members of its Material Enterprises Co unit and its suppliers: the paper says that people familiar with the meetings say one Nynex employee won the Procurement Award three years running for finding complaisant young ladies for the bash, and others won Most Valuable Pervert Award and the Moon Over Miami Award; and, putting a whole new meaning onto the term, the company insists that the identities of those that attended and the companies they represented, the alleged prostitution and other convention activities are trade secrets that needn’t be disclosed.

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