University of Southern California
Volume LXVIV, Number 6__________________	Los	Angeles, California	Friday,	July	2,	1976
Summer
Trojan
Connally urges businessmen to fight for improved public image
JOHN B. CONNALLY
By Don La Plante
Editor
In an address to a forum at the university on Monday, John B. Connally urged American businessmen to fight against the people who are calling the multinational corporation an evil.
He said the future of the multinational corporation was very slim if businessmen do not work actively to change their image with the American people.
Connally, the former governor of Texas and secretary of the Navy and Treasury, was speaking to a seminar sponsored by the university and Vital Issues in America, a group created by Connally designed to stimulate discussion on topics of national concern.
“American business today is rated as low as lawyers. And you know when you reach that low you don't have much further to
MEMORIAL SERVICE JULY 7
Former medical school dean dies
A former dean of the School of Medicine, Clayton G. Loosli, died on Sunday at his home in South Pasadena.
Loosli, who was 71 at the time of his death, was the medical director of the Hastings Foundation and a professor of medicine and pathology in the School of Medicine.
He had served as dean of the school for six years, beginning in 1958.
There will be a memorial service held in his honor at 11 a.m. on July 7 in the Mayer Auditorium on the Health Sciences campus.
He was a specialist in respiratory and lung infections and was particularly interested in the effects of air pollution. He was carrying on research into air pollution at the time of his death.
Loosli was praised by Allen W. Mathies Jr., dean of the school, for leading the School of Medicine to national prominence during his term as death.
“He recruited key faculty, supervised the physical growth of the new medical campus, and strengthened our ties with the community,” Mathies said.
CLAYTON LOOSLI
“During his six years as dean, despite a heavy administrative load, Dr. Loosli continued his scientific research. As a result, when he became Hastings Professor, the transition was made
with ease and no loss of productivity.”
Loosli who was born in Idaho, received his B.S. and M.S. degrees from the University of Idaho, and his Ph.D. (in anatomy and histology) and M.D. degrees from the University of Chicago. He served on the faculty of the University of Chicago from 1940 until he came to the university in 1958.
He had been a member of the scholastic honorary societies Phi Beta Kappa. Alpha Omega Alpha, and Sigma Xi. He had served as president of the Tuberculosis and Respiratory Disease Association of Los Angeles County, the Los Angeles Academy of Medicine, the Central Society of Clinical Research and the Western Association of Physicians.
He had been a consultant, member or chairman of various local and national committees and.editorial boards and was the author of approximately 150 scientific articles.
go, unless you are a member of Congress,” he said.
He was referring to a national poll that showed the level of confidence in lawyers and businessmen was only 12% ofthe American people, with congressmen ranking at 9% confidence.
Connally pointed out there is a great misunderstanding by the people coming out of college in how American business operates.
“A poll of recent college graduates shows that they think that the profits corporations make is 45f7r. They believe that American corporations are gouging consumers. When asked what they thought was a fair profit. they said 25<Vr. You’d settle for that wouldn't you? The actual profit is more like 4.5^,” Connally said.
He called for schools to help teach a better understanding of the capitalist system.
“In the kindergarten, junior high. secondary schools, elementary schools, high schools, colleges and universities there are really no classes that teach capitalism and how it works. They teach communism, socialism and Marxism, but not capitalism,” he said.
In a separate news conference, Connally, who has been mentioned as a possible vice-presidential candidate for both President Ford and Ronald Reagan, said he hopes his chances are not very good.
“I’m not running for anything. If it were offered I’m not sure I’d take it. I'd run ifl thought I could make a worthwhile contribution to the process.” he said.
He also said a new investigation of the President Kennedy assassination might be proper based on the information revealed by the Senate Intelligence Committee on how the Central Intelligence Agency . withheld information from the Warren Commission.
(Connally was wounded while riding in the same car as Kennedy in Dallas on Nov. 22, 1963.)
Also speaking at the seminar was Roy Ash. former president
of Litton Industries and former director of the Office of Management and Budget under President Nixon, and Jack Clarke, senior vice-president of Exxon Corp.
Ash said that international business is a game that needs new rules but that Washington shouldn’t try to p61 iticize world business by telling businessmen how to conduct their affairs.
In a dinner speech. A.W. Clausen, president of the Bank of America, said that the multinational corporation will be potent and determining factor in all global calculations for the remainder of the century.
‘‘Some future mutation of today's international companies will be the catalytic force in spreading throughout the world the splendid American proposition that *a 11 men are created equal.’ No other institution, public or private, has the motivation. resources and power to tackle global inequities as effectively as multinational corporations.” Clausen said.
He said that the multinational corporation plays a unique dual role, socially, acting as both a catalyst and principal in the long-range process of global redistribution of wealth and equalization of opportunity.
Clausen said we must meet the challenge of global poverty. Global commerce and multinational corporations must move slowly but inexorably to equalize the world’s wealth, which is an essential step in the end of reducing global poverty, he said.
He also said it was not fair to generalize about the recent pay-off scandals.
“It is no more reasonable to tar all the multinationals with the sins of a few than it is to tar the many dedicated public serv ants in the House and the Senate with the well publicized pecadillos of a few.”
He said the recent examination of corporate payoffs will make it far more difficult for multinational corporations to pull off any tricks in the future.
AND THEY'RE OFF—Members of the USC Summer Sports	youths age 10 to 15 onto the campus from the surrounding	activities. University students serve as program directors.
Club participate in a race on Cromwell Field. The club brings	community to participate in various sporting and recreational	Summer Trojan photos by Teferi Nessibon.