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...profits, Exxon is slimming down its work force, which has swelled 28% since 1972, to 180,000. Within the past few weeks, some 30,000 employees in the U.S. have received letters from management offering them cash incentives to quit their jobs. The company will not reveal the exact terms of the golden handshake deals, but range from a few months' pay for relatively new workers to full pension benefits and generous bonuses for those nearing retirement. Insiders say that management's goal is to trim the staff by 15%. Supervisors have warned their workers that unless enough...
...appointment soon turned out to have the exact opposite result. Clark, says one former Haig lieutenant, "is a man who has no fixed address. He will serve whichever boss he happens to be working for"-and Clark has worked for Reagan a lot longer than he did for Haig. He is convinced that Reagan must put his personal stamp on foreign policy rather than let his Secretary of State run the show. And he is turning into an exceptionally potent National Security Adviser, even though he had no foreign policy experience whatever before he came to Washington. Clark has unlimited...
...officials of the International Committee of the Red Cross, which is distributing medical supplies in Lebanon, called these estimates "much exaggerated." By Red Cross reckoning, about 300,000 civilian refugees had been displaced in southern Lebanon, the majority eventually returning to their homes in Israeli-occupied territory. Whatever the exact figures, the toll in human suffering was shockingly high...
...watermelons," declared the chairman of Mesa Petroleum Co. of Amarillo, Texas (1981 sales: $408 million) from his 39th-floor suite atop New York's Waldorf-Astoria hotel. Pickens, 54, had come to New York loaded not with watermelons but with money, $ 1 billion in bank credits to be exact. He intended to use the money to buy up a company nearly 20 times Mesa's size. His target: Cities Service Co. of Tulsa, the nation's 20th largest oil firm, which had 1981 sales of $8.5 billion...
...diversion, which would take 50 years to complete, would exact an enormous toll. In an area larger than Western Europe, tens of thousands of people would be displaced from their homes. Millions of acres of northern land would be flooded, including great tracts of game forest. Towns and villages would disappear, some of them with onion-domed churches dating back to the Middle Ages. No less disturbing, the diversion could drastically alter climate not only in the Soviet Union but throughout the Northern Hemisphere, even as far off as the U.S. and Canada...