Word: esso
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Dates: during 1960-1969
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...shareholders outnumber the population of Hawaii. Jersey's tanker fleet, including 126 ships sailing under 14 flags, with 19 new supertankers abuilding of mostly 240,000 tons apiece, is bigger than the Greek navy. Jersey's 65,000 service stations, bearing such names as Esso, Enco and Humble (the New Jersey company's exclusive right to the Esso name is presently being fought out in Federal courts), are scattered everywhere around the world, from U.S. turnpikes to the African veld to the guerrilla-infested rural roads of Viet Nam. Jersey companies turn out 4,627,-000 barrels...
Cool Cards. Jersey considers itself an energy company rather than an oil company, but even energy no longer covers the corporate range of activities. Energy does indeed reach from oil for the lamps of India to power generated by a subsidiary in Hong Kong. Affiliates also offer lodging in Esso motels and meals from Esso restaurants. The company could probably topple a few governments and settle some revolutions by selective payment of its oil royalties to one faction or another. "It's fantastic," says a U.S. State Department official, "what powers they have and how coolly they play their...
...rapidly. The Earl of Cromer, for instance, until recently governor of the Bank of England, is the new chairman of IBM United Kingdom. Dr. Frederick H. Boland, the man who as United Nations General Assembly President broke a gavel in 1960 trying to silence Nikita Khrushchev, is chairman of Esso Ireland. Though names help, such executives are less and less anxious to be figureheads. "If they want a yes-man," says Managing Director Gian-Carlo Salva of Honeywell Italy, "they can get my doorman for $100 a month...
...Esso Europe, at Mike Haider's insistence, was concocted in 1966 as an even more diverse mixture. Picked to head it was an American, Nicholas J. Campbell Jr., 52, who had earlier been in Venezuela for Jersey and in Japan as president of Esso Sekiyu, the Japanese affiliate. Choosing as many capable executives as possible from Europe, Campbell ended up with a mix that includes 121 Americans, four Canadians, one Venezuelan, 86 Britons, 21 Germans, 16 Frenchmen, 14 Italians, ten Belgians, ten Norwegians, nine Swedes, eight Dutchmen, two Danes, two Swiss, one Finn and one Maltese, who all work...
...Suez & Small. Esso Europe's domain and responsibility include 24 refineries, pipelines stretching 3,000 miles, and research laboratories in Britain, Germany, France, Italy and Belgium. So diverse is Jersey that the European company even supervises a nine-acre miniature world near Grenoble, France. There Esso sea captains learn how to handle supertankers that will soon reach 800,000 tons in size by steering 15-ton models around waterways, including a replica of one of the bad bends of the Suez Canal...