Word: exxon
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Dates: during 1980-1989
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...slowdown or halt in price increases has been caused by a minisurplus of petroleum, which has created a strong downward pressure on prices. One oil company after another is shaving the prices it will pay for crude. Exxon and Mobil, the two largest American producers, have instituted automatic cutbacks of about $2 per bbl. in the prices that they will pay to independent domestic suppliers...
...shareholder resolution advocating restrictions on IBM sales to the South African government, a few optimists may have seen hints of change in the action. But the Corporation's statement on its IBM vote and its string of abstentions last week--on resolutions at Mobil, Atlantic Richfield, Exxon and Dow Chemical--quickly and effectively demonstrated that the Corporation continues to refuse to challenge the status...
...Corporation also decided to abstain on resolutions at the Exxon Corporation and the Atlantic Richfield Company that request an end to these companies' expansion in Chile. The ACSR had given favorable--but only by a plurality--recommendations on these two motions...
...addressing the shareholder resolutions at Exxon and ARCO the Corporation states that, in view of the ACSR's vote--five for, one against and four abstaining--"We have decided to abstain on this issue in order to give the ACSR an opportunity to continue its deliberations on this subject...
...applicants for 300 places, which is twice the rate for 1975. At Harvard, 7,000 applied last year (compared with 4,300 in 1975) for 785 spots. Says Chicago's director of admissions, Dennis Metcalfe: "There will never be a glut of M.B.A.s from the best schools. Exxon told us they would like to recruit our whole graduating class...