Word: consents
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Dates: during 1970-1979
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...that they are comfortable with their roles as corporate Medicis, sponsoring museum exhibitions and importing culture from the BBC for educational television, the oil companies appear to be going into social welfare programs. When Getty Oil last week signed a consent decree with the Department of Energy, which had accused the company of violating federal price regulations on crude oil, natural gas liquids and refined products, the $75 million settlement included a novel provision. Getty agreed to pay one third, or $25 million, into an escrow account to be administered by the DOE to "provide relief to economically disadvantaged people...
...Christmas stocking with more cash. In the past 22 months, Paul Bloom, 40, the DOE's special counsel, has brought 150 enforcement actions totaling $7.2 billion in claims against 35 large oil companies for violating the complex, controversial federal price regulations. So far the DOE has won consent decree settlements amounting to $660 million from Kerr-McGee, Cities Service, Phillips, Gulf, Mobil and other companies. They agreed to settle by posting lower future price increases than the maximum allowed under Government regulations. Getty also chose this method for the remaining $50 million of the consent decree. Now the pipeline...
...lawyers, was set up nearly two years ago to uncover profiteering. Because past efforts nailed few alleged offenders, the DOE turned for advice to a sister agency, the Securities and Exchange Commission. Bloom had the power to negotiate settlements, and he modeled them after the SEC's consent decrees. Companies that sign them with the DOE neither admit nor deny wrongdoing, but agree to stop what they have been doing and make a financial settlement...
Though some of its oil competitors criticized Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged instances of overpricing oil and natural gas. This time Getty appears ready to go to court because executives are convinced they can prove to a judge that DOE is engaged in retroactive rule making...
...group. People who purport to be especially sensitive to the suffering caused by prejudice should be careful how they characterize any group of people. To orchestrate a widespread media campaign designed to represent hundreds of people as racist, sexist Nazis working in the tradition of those who would "engineer consent to genocide" indicates a moralistic opportunism rather than any appreciation of what the opposition to racism truly concerns. Surely the propositions SFTP holds about the class bias of sociobiologists are hypotheses about the real world to be tested like any others. For those who speak so glibly, if only occasionally...