Word: exxon
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Less than three months after Harvard announced plans to sell its stock in the Exxon Corporation, the oil company says it is pulling out of South Africa because of worsening economic conditions in the white-ruled country...
...write-off is the second largest in the company's history, trailing only the $5.5 billion reorganization charge the company took in the fourth quarter of 1983, when the breakup of the Bell System was just starting. Like many other large U.S. corporations, from Exxon to General Motors, AT&T has been forced to slim down to compete more effectively in an increasingly fierce global marketplace. Last week IBM said it had reduced its 242,000 American payroll by 10,000 jobs in 1986 by offering employees incentives for early retirement. The computer company says it sees "no signs...
...make television sets or trucks, cars or VCRs. Recently, though, Japanese firms have been taking on a new mantle, this time as big-time U.S. landlords. Last week Mitsui Real Estate Development snapped up one of the best-known office towers in the U.S., paying $610 million for the Exxon Building...
...review of Harvard's portfolio following the adoption of that policy ended in Thursday's announcement that the Corporation will divest over the next 12 months of $79 million in stock and $92 million in bonds in such firms as Exxon, Ford and Mobil...
...Kooning, Choreographer Agnes de Mille, Actress Eva Le Gallienne, Folklorist Alan Lomax, Critic Lewis Mumford and Novelist Eudora Welty. But also on hand were some who gave generously to encourage such work: Houston Art Patron Dominique de Menil, Seymour Knox of Buffalo's Albright-Knox Art Gallery and the Exxon Corp...