Word: arco
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Dates: during 1980-1989
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...major source of production--is now the largest uranium strip mine in the world. Nor is it a coincidence that Rossing's predecessor in this dubiously prestigious position was the Jackpile Mine at Laguna Pueblo in New Mexico--operated by Anaconda for the Atomic Energy Commission, and now by ARCO (the parent) for anyone who wants uranium. As Morton points out, "There is a relation between racism and uranium...
...presided over much of the pandemonium, RCA Chairman Edgar Griffiths, 59, is himself leaving, effective July 1. The announcement of Griffiths' departure took place during another painfully familiar management and public relations muddle. Griffiths' successor will be Atlantic Richfield (Arco) President Thornton Bradshaw, 63, an outside director on RCA's board since...
...early January, according to one board member, the committee had settled on one of its own, Arco President Bradshaw, an urbane intellectual who had demonstrated organizational and management talent during his 16 years' tenure as chief operating officer of the energy company. In that period, Arco earnings rose from $40 million to $1.65 billion. Having been an RCA board member for the past nine years, Bradshaw was as familiar as anyone outside the firm could be with both the company's problems and potential. Moreover, he had also long since groomed his own successor at Arco, and thus...
...leaking in torrents from disgruntled insiders at RCA. That wrecked any hope that the top personnel change could be made without another barrage of bad publicity. Though RCA had prepared a four-page press release that was to be issued following last Monday's regularly scheduled meeting of Arco's board of directors in Los Angeles, the company had to put out a statement two days early that Griffiths was being replaced by Bradshaw...
...Mexico and Utah will produce 316 million tons of coal a year, compared with 22 million tons in 1967. After the digging is finished, the whole landscape will have to be rebuilt. "We'll just widen the valley some and drop the hills," says George Larsen of Arco, "and the land will just be 40 feet lower...