Word: exxon
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...moral value to and of itself because as Americans we will never successfully cleanse ourselves of the corporations which do business in South Africa. Of the top 50 companies in the United States, more than half do some business in South Africa. Companies like CM, Ford, IBM, ITT and Exxon, so intricately connected to our daily lives, have operations in that nation. We would need to boycott everything from automobiles to telephones to maintain that we are morally free of apartheid. Of course, this would be a ridiculous undertaking, but without this isolationism, advocates of divestiture could make no permanent...
...borrowing requirements created by high deficits, the culprit cited by most economists. At one point he went so far as to assert that "there is no necessary cause-effect link between deficits and interest rates." Asked last year if he agreed with Regan's assessment of the deficit situation, Exxon Corp. Chairman Clifton Garvin Jr. responded tartly, "It depends on what hour of the day he said...
...Chrysler Chairman Lee Iacocca, who has complained about the Journal's coverage of his company, maintains that silence is not the solution. Said he: "You can't do it in the corporate world. You have to be accessible, and you have got to tell the truth." Says Exxon Spokesman Philip Wetz: "You have to communicate to have a chance of getting your point of view across...
Diversify! That was the buzzword in Big Oil boardrooms during the 1970s, when the companies were trying to stash away their megaprofits in ventures that would pay off in leaner times. But now, just when the investments should be ripening, many have turned up sour. Last week Exxon said that it is trying to find a buyer for its moribund office-equipment division, an enterprise that has cost the company some $100 million. When Exxon challenged Xerox, IBM and Wang by introducing its Vydec word processors, Qyx typewriters and Qwip facsimile transmitters in the late 1970s, the innovative machines drew...
...program be comes available to commercial users, American Airlines will be far from the only customer waiting in line. Bell Labs' parent company, AT&T, will probably employ the algorithm to route millions of telephone calls through hundreds of thousands of cities and towns more efficiently and profitably. Exxon has expressed interest in Karmarkar's program to help improve its allocation of supplies of crude oil among various refineries. For many large companies, says Graham, finding the best solution, as opposed to one that is merely workable, "can mean the difference between a good balance sheet...