Word: arco
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Dates: during 1980-1989
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Firms that have already gone into the field report that networks can quickly change office style. Atlantic Richfield Co. has installed a pilot project that links 50 employees on the 21st floor of its Los Angeles corporate headquarters. Says Deanna Bengston, the director of Arco's office support program: "People are collaborating more on documents; it's affected the working style." At the nearby Transamerica Corp. offices, some 200 employees on three floors are connected by a network. Says Transamerica Consultant Zara Haimo: "We're looking for improved quality in the way people work...
With the increased use of cash come problems. Last week Atlantic Richfield Co. stopped accepting credit cards, claiming that the resulting lower overhead costs would permit it to drop the price of gasoline by about 30 per gal. ARCO, though, is so fearful of gasoline stickups that it is installing safes in most of its stations...
...ACSR also split last night on a pair of proposals that ask Exxon and Atlantic Richfield (ARCO) to issue report on their activities Chile Harvard owns about $28 million in Exxon and about $34 million in Atlantic Richfield, according to the University's most recent financial report...
...ACSR voted to support a church-sponsored resolution calling on ARCO to release a detailed report on the investments it has made in Chile. The report would include an evaluation of the impact of these investments in improving human rights in the country...
About one-third of Arco's patrons currently pay for their purchases by means of Arco cards, and company officials concede that some people could drift off to other gasoline brands once their charge cards are no longer accepted. The company, though, thinks that drivers will keep pulling into its stations because Arco will be passing on its administrative savings to customers. The company says that it will be able to slash gasoline prices by as much as 30 per gal. in the coming weeks as a result of abandoning credit cards. If Arco's sales spurt...