Word: exxon
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Dates: during 1980-1989
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...college courses, the most prestigious positions in the educational system, but most enter at the elementary or high school level. For some, the long hours, the strains of work and the drop in pay and prestige can be sobering. "If you tell somebody you are a chemical engineer for Exxon, that's great," says Nancy Pfeil, 29, who left such a job in 1985 to teach high school calculus. "But if you say you are a high school teacher, they just...
They own Los Angeles' Arco Plaza. In New York City they have scooped up the Exxon Building, the Algonquin Hotel and the vaultlike home of Tiffany & Co. They are beating the U.S. at everything from VCRs to semiconductors. And now they are trying to buy U.S. colleges...
...bring an end to corporate power. He notes in speeches to migrant workers, laid off laborers, and unemployed youths, that the major corporations of this country pay less in taxes than do the average American. Taxes will be raised under a Jackson presidency. Those who will be paying are Exxon and General Motors, IBM and Bechtel...
...Texaco's biggest shareholder, Icahn controls 14.8% of the nation's third largest oil firm (after Exxon and Mobil). Nevertheless, Texaco has blocked his attempts to play a direct role in planning the reorganization. The company's proposal, which Schwartzberg approved last week, must now be accepted by Texaco stockholders. Icahn says he may team up with other investors to acquire a larger stake in the firm, and may also attempt to put his own hand-picked directors on the Texaco board...
Giant corporations today are seldom headed by someone whose name is on the building, since hardly anybody has a moniker like Exxon, Primerica or Unisys. But at Ford, Detroit's fastest moving automaker, the fourth generation of a family dynasty is moving up. Last week the company elevated two young executives to its board of directors: Edsel B. Ford II, 39, and William Clay Ford Jr., 30, both great-grandsons of the founder. Edsel II is general sales manager of the Lincoln-Mercury division, and William Jr. heads Ford's operations in Switzerland...