Word: aramco
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...HARVARD BUSINESS SCHOOL has never been noted for acting with great conviction in its dealings with the outside world. Nonetheless, the disclosure last month that Business School professors have been running a training program for Aramco officials demonstrates the lack of any moral responsibility on the part of some faculty members whose world takes them far beyond the academic realm...
...Aramco is soon to be nationalized by the Saudi Arabian government. Its hiring policies are clearly discriminatory--one of the primary requisites for employees is proof that they are not Jewish. M. Colyer Crum, associate dean of the Business School who ran the program for Aramco officials, doesn't seem to have been bothered by this. In fact, among the course materials he distributed were sample letters proving the bearer was Christian. Crum disclaims any responsibility for the company's policies; but by accepting them, he in fact acquiesced in the Saudi Arabian government's racism...
...commend you for your editorial of February 24 in which you refused to publish a second publication of an Aramco advertisement for engineers, and you also discussed Saudi policies at length and called it "morally wrong for any corporation in government agency to acquiesce in racism...
Mutual Benefits. The total takeover of Aramco will complete a process that began in 1973, when the government acquired 25% of the concern. Subsequently the Saudis increased their ownership to 60%, and by late...
...months. Yet for all the pressures on the Saudis to move ahead, including 100% takeovers of Western oil consortiums in Iraq, Kuwait and, recently, Venezuela, negotiations faltered-and not only over the amount of compensation. For one thing, the assassination of King Faisal last year distracted attention from Aramco. Then too the companies themselves were unable to agree on some items because of their differing goals...