Word: fluor
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Dates: during 1980-1989
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Kissinger Associates' selected clientele of international conglomerates and financial institutions is as top secret as the papers Kissinger once dealt with, but like all such secrets the names tend to leak: Volvo, Fiat, Atlantic Richfield, Fluor Corp., H.J. Heinz Co., S.G. Warburg investment bank in Britain. Foreign governments, however, need not apply. "We are not lobbyists," Kissinger says sternly. "We do not deal with the U.S. Government on behalf of any client...
...gold miners, though, have run into strong opposition from environmentalists, especially in California's storied motherlode country near Sonora and in the northern foothills around Clear Lake. Property owners and politicians have forced Placer Mining Services, a Fluor subsidiary, to stop digging at its mine near Nevada City. Homestake, America's largest producer, and Sonora Mining have also felt pressures against their bulldozing and blasting...
...erected three concentric rings of eight-foot-high mesh fence. The middle one is wired with intrusion-detection devices, installed by the Pentagon, that sends out an alarm when a potential terrorist (or late-night reveler) approaches. The precautions cover a wide range: nine video-arcade games in Fluor Tower at U.S.C. will be removed to prevent terrorists or pranksters from hot-wiring an explosion...
Some clients agree with the high fees. Former Chairman John Duncan of St. Joe Minerals credits First Boston with getting an extra $670 million, or $15 a share, when his company was sold to Fluor Corp. Recalls Duncan: "First Boston knew all the tricks. We got more than our money's worth." Says Michael Callahan, senior vice president of Quaker Oats, who worked closely with Salomon Brothers and Goldman Sachs when Quaker Oats bought Stokely-Van Camp last year: "Our business is food, and not mergers. So whenever we go shopping, we seek professional help...
...that rivaled his bid for office. In one day in July, he held press conferences in three different cities. Then he talked to the California Round Table, a group of 88 chief executive officers already concerned about educational reform. The Governor began to get letters. "Dear George," wrote J.R. Fluor, head of a multibillion-dollar engineering and construction firm, "I am urging you to reconsider the position you took during your campaign-a position which we all admired at the time-and relent just a bit so that sufficient revenues can be raised to ensure the reform and then...