Word: bechtel
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Despite its reputation for finishing complex jobs on time and under budget, Bechtel has occasionally stumbled. Some employees were publicly involved in a bribery scheme ten or twelve years ago over the construction of a New Jersey pipeline. The firm was further embarrassed in 1977, when it installed a 420-ton nuclear-reactor vessel backwards at a San Onofre, Calif., power plant...
...Bechtel began life virtually as a one-man operation, when a young German rancher named Warren A. Bechtel decided in 1898 to hire himself out with his mules to help construct a railroad line through Indian territory. The company established its name nationally in 1931 by helping to lead the eight-company consortium that built the Hoover...
...Warren Bechtel's son, Stephen Sr., prospered during World War II by building Liberty ships. At war's end, Bechtel expanded his company's pipeline work and moved into oil refineries and later into nuclear plants. In 1960 Bechtel handed control of the firm over to his only son Steve Jr., who holds the titles of chairman and chief executive officer and last week took back the title of president as well, after Shultz's resignation...
...world leaders. Said he after returning from a fishing trip to the trout streams of Alaska: "I only feel it is appropriate to see leaders when there is business to conduct and it is worth their time." Characteristically, he merely mentioned in passing a new project, rather simple by Bechtel standards, that the company had just announced: the construction of a $100 million company office building in downtown Oakland, Calif. -By Alexander L. Taylor HI. Reported by Bob Buderi and Joseph J. Kane/San Francisco
...Alaskan pipeline and Hoover Dam are, nothing that Bechtel has ever helped build can compare with the Jubail project. Some 324 miles northeast of the Saudi Arabian capital of Riyadh, on desolate salt flats washed by the Persian Gulf and baked in 100-plus temperatures for much of the year, a whole new ultramodern city is emerging. When completed in 15 years, this megastructure will cover an area as large as Greater London and contain a population as numerous as that of Minneapolis...