Word: exxon
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...chimney stacks along the St. Nicolaas beach on Aruba no longer belch smoke into the luminous tropical air. After 60 years of refining more than 6.5 billion bbl. of crude, including 1 out of every 16 bbl. of aircraft fuel used by Allied forces in World War II, Exxon's Lago refinery, once the largest in the world, will shut down this week. The closing marks the end of an era in the world oil industry and spells trouble for the 70-sq.-mi. Caribbean island. The refinery has provided Aruba with more than half its annual income for better...
...ultimate in golden send-offs, but Exxon is paying President Howard C. Kauffmann and a senior vice president, Donald M. Cox, both 62, a total of $2.87 million to take early retirement in May. Kauffmann, whose 1984 salary and bonus totaled $980,518, will receive a farewell stipend of $1.63 million. Cox, who was paid $715,127 last year, will receive a $1.23 million bonus...
Companies like IBM, Exxon, and Ford (all of which Harvard invests in) furnish South Africa with the military and computer technology it needs to discipline and monitor the Black population, murder dissenters, and invade other nations...
...seven acquisitions that FORTUNE magazine rated last year as the worst of the past decade (examples: Mobil's $1.86 billion purchase of Marcor, the owner of Montgomery Ward; Standard Oil of Ohio's $1.77 billion acquisition of Kennecott). Many firms are now unloading some of their unattractive operations. Exxon is trying to sell its office-products business, and Atlantic Richfield recently took a $785 million write-off on its stake in Anaconda...
...center will be overseen by a board of trustees from the 12 institutions and managed by a private company, and will receive further funding from companies such as AT&T and Exxon, said Richard G. Leahy, associate dean of the Faculty for research...