Word: esso
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...Invent?" Though Le Temps' backing comes from executives in top business firms, e.g., Michelin tires, Citroën, Esso Standard Oil, the backers (as Esso Standard Oil took pains to point out in its own case) went in as individuals, not corporations. Nevertheless, the bugaboo of business control of newspapers is a real one in France. When some 60 dailies cluttered Paris kiosks in the 1920s, bankers and munitions makers kept newspapers like mistresses. By World War II, big business had a firm grip on the major Paris dailies. Afterward, millions of angry Frenchmen blamed business for the papers...
Murphree goes to the Defense Department from the presidency of the Esso Research and Engineering Co., research subsidiary of Standard Oil Co. (New Jersey). Since 1930 he has directed research and development programs. Before that he was a chemical engineer, small-town schoolteacher and all-Southern football tackle at the University of Kentucky. His background provided exactly what Wilson was looking for in his missiles chief: high technological skill, proven administrative ability, a talent for getting along with people, experience in a big organization...
...apiece to be applied against three supertankers costing a total of $25 million. The three new tankers, all to be delivered by year's end, will more than double the cargo capacity of the old ones, at a total price to Cities Service of $19 million. Esso Shipping Co. has traded five wartime tankers to the Government for $5,500,000, added another $15 million of its own money and will receive two new 35,000-ton-plus supertankers. Texas Co. turned in two old tankers, expects an 18, 500-ton replacement, at a cost...
...depletion and dry holes, these oil companies, unless regulated, can "gouge" the consumer with exhorbitant prices. An increase of as little as two to five cents per million cubic feet could cost the consumer as much as $18 billion in the next twenty years. If the consumer tires of Esso gasoline or Chesterfield cigarettes, he can change his purchases, but the 60,000,000 users of gas for refrigerators, ranges, and heating plants must pay whatever price the local gas company charges. In addition, industrial production, much of which is now geared around using gas as a cheap, adaptable fuel...
...from the Internal Revenue Service, a foundation must be incorporated under state laws or federal charter, must be administered by trustees and must have charitable purposes. The purposes can be broad or narrow. The Carnegie Corporation has the broad purpose of promoting "the advancement and diffusion of knowledge." The Esso Education Foundation, set up last year, follows a new business trend of giving aid to schools. But some foundations have such narrow purposes that the trustees have trouble spending the money. A Boston hospital was given a fund to provide wooden legs for Civil War veterans; another philanthropist left...