Word: exxon
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Another argument supporting high pay is that it provides incentives for climbing the corporate ladder. Employees need to be rewarded for struggling up through the hierarchy. Companies as large as GM or Exxon have some 20 levels of management, and the side effect of creating salary differentials among those levels is to push executives at the top into very high compensation brackets...
Harvard however has holding in eight companies that have signed the principles and were rated in Group I--"Making Good Progress"--this year. These holdings total approximately $159 million and include such companies as IBM. Johnson & Johnson and Exxon...
...elements of cold calculation, high risk and individual daring made the move seem entirely characteristic of the oil industry, which has always rewarded the nervy gambler. Socal now stands to become the third-largest American oil company; its combined revenues of $57.3 billion would place it behind only Exxon (1983 revenues: $94.6 billion) and Mobil (1983 revenues: $58.5 billion), A completed deal would also make Socal the largest U.S. gasoline retailer, with 10.2% of the market and stations in every state but Wisconsin and North Dakota. Most important, Socal will have gained control of Gulfs 1.9 billion bbl. of worldwide...
Despite the prominence and publicity given to Big Oil, the U.S. petroleum industry as a whole remains remarkably diverse. The four largest refiners (Socal, Exxon, Shell and Standard Oil of Indiana) control only about 29% of the market. By comparison, the four top companies in the typical manufacturing industry control an average of 40%. Says a top Federal Trade Commission official: "We could conceivably stop the merger, but it would take the clearest sort of signal from Congress before it would happen...
...from the Harvard Business School, Williams says that "art collecting is my great sickness." Alliance's Manhattan headquarters resembles a museum, its long corridors full of drawings and etchings by such American masters as Winslow Homer and Edward Hopper. While working as a chemical engineer at Esso (now Exxon) in 1959, Williams started a collection of Saudi Arabian stamps...