Word: bijur
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Dates: during 1990-1999
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...scanner to hear the chatter between drivers and crew chiefs. Holmes saved up for two months to come to the race with his stepfather, two sons and a nephew. He doesn't know it, but 75 yds. away in a somewhat more elaborate rig, Texaco CEO Peter Bijur is getting ready to root for Kenny Irwin in the Havoline...
...past two years Texaco has made progress in advancing our goals of ensuring fairness and opportunity for all employees, initiatives that were under way well before the settlement of the lawsuit. We are proud of these accomplishments and of the commitment and integrity of our employees. PETER I. BIJUR, Chairman and CEO Texaco Inc. White Plains...
Last week, Texaco board chair Peter I. Bijur settled a class-action lawsuit that had been filed several years ago by several black employees who claimed they were denied promotion opportunities because of their race. The corporation, which had previously been fighting the suit tooth and nail, offered the $176.1 million settlement only after a former Texaco executive disclosed a tape-recording he had made of a 1994 board meeting. On the recording, top Texaco brass discuss destroying evidence of hiring discrimination while using racially insulting language...
...specter of economic retaliation--and the fact that Texaco executives were caught red-handed using racially insulting language as they discussed the destruction of evidence--that motivated Texaco chairman Peter I. Bijur to perform the most spectacular flip-flop since Kerri Strug's Olympic showstopper. In a textbook feat of corporate damage control, he agreed last week to spend $176 million to end the lawsuit filed by black employees whom Texaco has been stonewalling for years. The pact contains the most lucrative settlement ever of a U.S. discrimination case. If wholeheartedly implemented, it could transform Texaco from a bastion...
Believe me, I do. But Jackson and the N.A.A.C.P. are right to keep the heat on until Bijur also agrees to a specific plan to increase minority ownership of service stations and do more business with minority-owned companies. Texaco's record so far does not inspire great faith--and some questions still need to be answered. Why did it take more than two years of legal action by six aggrieved black employees, the leak of an embarrassing tape recording and the threat of a boycott to get Texaco to live up to the fine-sounding promises in its glossy...