Word: exxon
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Dates: during 1980-1989
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...company started with $35,000 from the Moody Foundation, bankrolled by the estate of a multimillionaire Texas financier; TOT's success has been so swift and sure it is now flourishing on a million-dollar budget. Some of that comes from revenues and some from grants by Texaco, Exxon, First City Bancorporation of Texas, Dresser Industries and Levi Strauss, as well as the state of Texas and the National Endowment for the Arts. This year the group comes East for the first time (stops will include Albany, Ga., Danville, Va., and Asheville, N.C.), and later may go to Alaska...
...struck that bargain was Kennecott's new chairman, Thomas Barrow, 56, who had recently left a $250,000-a-year job as a senior vice president at Exxon. The 6-ft. 3½-in. onetime University of Texas football player is the son of a former chairman of Humble Oil & Refining, one of Exxon's predecessor companies, and the heir to the 30,000-acre Thomson Ranch near San Antonio. Having reportedly been passed over for the presidency of Exxon, Barrow was on his way back home to manage his ranch when Kennecott snared him with a Texas...
...coal on land that it has been leasing for four years. This will replace 600,000 tons of coal that the company now buys annually on the open market. Last month, with an eye to profits, the beer company created Coors Energy, a subsidiary staffed with some former Exxon employees. The firm may soon become still more active in that field. Says William Coors: "If the energy business is better, we'll be pushing it ahead of the beer business." To swillers of the Golden, Colo., suds, that could be too much of a good thing...
...them with geologists and engineers hired away from the majors. M. Raymond Thomasson, 50, once chief geologist at Shell Oil, easily raised the money to start his own exploration firm, Spectrum Oil and Gas. William M. Chappelle, 45, left his job as an assistant manager for offshore drilling at Exxon to set up Chappelle Exploration Co. in Houston. Says he: "At Exxon you find oil for Exxon. On your own, you find it at least partially for yourself...
...People said it couldn't be done. They said Citizens was a one year thing. A political thing. And now we are back again," Rothstein says. "We do what Exxon does, only we are non-profit--and we don't have exploration costs. But out basic philosophies are directly contradictory. We are competitors, in an absolute sense, not a real sense. We are an idea. And if we are legitimized other people may decide...