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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...

Author: /time Magazine | Title: Industry: The Long-Term View From the 29th Floor | 12/29/1967 | See Source »

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...

Author: /time Magazine | Title: Industry: The Long-Term View From the 29th Floor | 12/29/1967 | See Source »

...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...

Author: /time Magazine | Title: Industry: The Long-Term View From the 29th Floor | 12/29/1967 | See Source »

...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...

Author: /time Magazine | Title: Industry: The Long-Term View From the 29th Floor | 12/29/1967 | See Source »

...better half, from de Kooning, Rosenquist and Warhol, among others, predated her death in 1962. The recent works were second-rate or worse, with the booby prize going to Salvador Dali for a ten-foot mobile, obviously whomped up for the occasion, that features a pair of Esso Tiger flags dangling beneath a photomontage of the faces of Marilyn and Mao Tse-tung. The idea seems to be that sex kittens and paper tigers are really siblings under the skin...

Author: /time Magazine | Title: People: Dec. 15, 1967 | 12/15/1967 | See Source »

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