Word: garvin
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Even so, some large oil companies, including Exxon, Chevron and Sohio, are investing heavily in synfuels. Says Clifton C. Garvin. chairman of Exxon, which has committed $1 billion to such projects worldwide: "By the turn of the century, we think this country will get about 4 million or 5 million barrels a day of liquids from shale oil and coal. It's prudent to develop a reasonable-sized synthetic industry, in part because of national security, and in part because of economics...
Clifton C. Garvin Jr., 60. Last year the Business Roundtable tapped the folksy but forceful head of Exxon to replace Thomas Murphy as its chairman and chief public spokesman. That was a surprising move, considering the unpopularity of oil companies, but Garvin had long since proved his ability to defend business. In the summer of 1979, even as Americans were stuck in gasoline lines across the country, he appeared on the Phil Donahue television show and calmly argued that the shortage was not contrived. A chemical engineer and an Exxon man for 34 years, Garvin believes that energy price controls...
Business and union leaders have joined together to form a new labor-management group with the help of Harvard Professor John Dunlop, who was President Ford's Secretary of Labor. The Roundtable's Garvin will head a management contingent that will also include Evans, Wriston and Mettler. The alliance will search for ways to create new jobs, boost industrial productivity and bolster U.S. competitiveness in world markets...
Clifton C. Garvin, Jr., chairman of the Exxon Corporation, will chair the management portion of the group and Lane Kirkland, president of the AFL-CIO, will head the labor segment...
...sales of petroleum products and natural gas and a drop in refinery production, Exxon's revenues increased 30%, to $20.6 billion, compared with $15.9 billion in last year's third quarter. Net income soared 118% to $1.1 billion. Earnings per share jumped from $1.18 to $2.60, but Garvin failed even to mention that bullish news in his statement...