Word: exxon
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...stock points, profit margins, etc.) by which investment bankers make decisions are amoral, the decisions they make can determine whether working people have the jobs that allow them to feed their families and whether communities thrive or atrophy. The investment bankers and consultants guiding the merger of Mobil and Exxon into one great leviathan seem little concerned with the 9,000 factory workers expected to be left jobless as a result...
...June already? Soulless corporations of all shapes, sizes and sectors were in the marrying mood this week, from that very French, mistress-included arrangement between AOL, Netscape, and Sun Microsystems, to Exxon and Mobil, to Dennis Rodman and Carmen Electra (yes, they count as corporations). Since they can?t all be made in heaven, here are three classic films in which the honeymoon was a rude awakening...
...LITTLE START-UP CALLED EXXON...
...what are some of these "beginning" businesses? Over the past 10 years the state canceled $213 million in industrial property taxes owed by Exxon Corp., a company that traces its origins back 116 years. It eliminated $140 million in taxes owed by Shell Oil Co. affiliates, a business whose roots in the U.S. go back 86 years. It erased $103 million in taxes owed by International Paper Co., which opened its doors 100 years ago. And it voided $96 million in taxes owed by Dow Chemical Co., which was established 101 years...
They know that even when prices are low, oil is a finite resource; that new reserves must be discovered and tapped so the big, integrated companies like Exxon and Mobil can stay in business. These executives know that when the going gets tough, the oil-services industry consolidates. They know their companies are going to stand among the survivors...