John Mitchell, H.R. Haldeman, John Ehrlichman and Robert Mardian are found guilty on all charges in connection with the coverup of Watergate.
FMC Corp. is the earliest known pension fund client of Warren Buffett.
"Godfather II" wins the Academy Award for best picture of 1974.
Saigon falls. Hours after the emergency helicopter evacuation of all Americans remaining in Saigon and thousands of South Vietnamese, President Nguyen Van Thieu surrenders unconditionally to the Communists.
Competitive stock brokerage commissions go into effect on Wall Street, ending fixed brokerage commissions.
Consulting firm Wilshire Associates is formed from O'Brien Associates.
Index funds have $320 million in assets.
Roger Ibbotson and Rex Sinquefield release a breakthrough study comparing historical returns of stocks, bonds, Treasury bills and inflation, from 1926 through 1974.
James Riddle Hoffa, former Teamsters boss, disappears.
The DOL and IRS unveil form 5500, requiring pension funds to disclose market values for their investments -- and other information.
Thomas "Tim" R. Tuttle, vice president of Seattle First National Bank, when asked where the best economic future lies around the world, discounts the United States, Europe, South America and Africa. "The logical growth will come from the Communist nations, above all China," he says. He names Japan as the most promising candidate for the title of present-day worldwide economic leader.
Sony introduces Betamax in the United States; the VCR console costs $2,225, a one-hour tape is $15.95.
President Ford submits a federal budget of $349.4 billion to Congress. The predicted deficit is $51.9 billion for fiscal year 1976. The deficit for 1975 is estimated at a peacetime record of $34.7 billion.
The Centers for Disease Control warns about a possible swine flu epidemic.
The Dow closes at 1003.31 on March 11, its highest closing in more than three years.
Patty Hearst, who was kidnapped by the Symbionese Liberation Army and later joined her kidnappers in an armed robbery, is convicted of the robbery.
Merrill Lynch announces a plan to spin out investment management subsidiary Lionel D. Edie and Co. through an employee stock ownership plan.
Peter F. Drucker writes "The Unseen Revolution: How Pension Fund Socialism Came to America." Excerpts appear in P&I and underscore the growing ownership of stocks by pension funds, giving them a powerful influence on the economy.
An A.S. Hansen study shows the S&P 500 outperformed 80% of bank and insurance company commingled funds in the past 10 years.
The House passes a bill removing a tax that impeded tax-exempt investors from using options. President Ford signs the bill in September.
Americans celebrate the country's 200th birthday.
The IRS threatens to revoke the tax-exempt status of the $1.4 billion Teamsters Central States, Southeast and Southwest Areas Pension Fund for corruption.
Volkswagen negotiates with two Pennsylvania state pension funds to finance an auto plant in the state.
Israeli commandos raid Entebbe Airport in Uganda and free 103 people held hostage by the German Baader-Meinhof terrorist organization.
Stephen Rogers joins John Casey and Ed Barksdale, forming consultant Rogers, Casey & Barksdale Inc.
Mao Tse-tung, 82, dies.
President Ford pardons former President Nixon.
Jimmy Carter narrowly defeats Gerald Ford in the presidential election.
"Roots," an eight-part miniseries based on Alex Haley's novel about his ancestor Kunta Kinte, captures the largest TV audience in history.
P&I begins running quarterly performance evaluation reports in conjunction with Rogers, Casey & Barksdale.
Honeywell launches an inventory index fund, an attempt to eliminate contrary trading among money managers.
Roland M. Machold becomes director of the New Jersey Division of Investment after 11/2 years as deputy director. He holds the post for 21 years before retiring in 1998.
Sears, Roebuck & Co., which has the world's largest profit-sharing plan, will start a noncontributory pension plan to replace the profit-sharing plan as its primary pension program.
Screening of the soon-to-be-released "Star Wars" takes place.
The Minnesota State Board of Investments adopts investment policy guidelines on socially responsible companies.
The Central States Teamsters appoints Equitable as "managing fiduciary" at the troubled $1.5 billion fund, to satisfy a Department of Labor agreement.
Blackouts sparked by lightning leave 9 million New Yorkers without electricity. It takes 25 hours for all power to be restored.
British Rail System invests in a "finely designed commode" from the period of Louis XV as part of its $7 million arts and antique furniture portfolio.
The Panama Canal agreement is reached, ending 13 years of negotiations.
Elvis Presley dies.
The Pension Benefit Guaranty Corp.'s board of directors OKs its investment in private securities.
The Department of Labor commits to the use of modern portfolio theory to determine investment prudence.
"Saturday Night Fever," starring 19-year-old John Travolta, highlights the disco craze. The soundtrack is at the top of the charts.