Word: garvin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Under normal circumstances, Exxon's report would have been cause for corporate chest puffing. But Chairman Clifford C. Garvin Jr. tried unpersuasively to accentuate the negative, arguing that earnings in the U.S. from refining and marketing ''continued to be depressed...
...company's history. Recalling the rough treatment that the press gave top management in the winter of 1974, when Exxon announced similarly enormous profit gains during the Arab oil embargo, the company avoided a press conference; instead, it announced the earnings by faceless press release. Chairman Clifton Garvin and President Howard Kauffmann even managed to be out of town on vacations, leaving any explaining to be handled by a monotoned vice president...
...magazine advertising budget not on selling products but on promoting its business as one essential to the nation's strategic interests. No longer merely a department title, public affairs affects who is promoted and who is fired within the company, and what actually gets decided. Confesses Chairman Garvin: "I simply do not know of any operating decisions that now get made without lots of awareness of the political and public implications...
...engineers and chemists like Garvin, who have risen through the company's legendary "Texas pipeline"?from Exxon's sprawling refinery complexes of the Gulf Coast to senior management positions?the Oil Game is no longer very much fun. Hounded by the White House, harassed by consumer and environmental groups, harangued even by OPEC for profiteering, the company has become a target of opportunity for practically every cranky, disaffected group...
...Garvin reflects the tensions that plague the company. Tall, blond, looking younger than his 57 years, he nonetheless seems put off balance by the schizoid demands of his position. Is his primary task to make profits for shareholders, who consist not just of the Rockefeller family (they control only about 1% of the stock) but also of union pension funds, investment trusts, and more than 600,000 everyday investors? Or is his main job, as Exxon's advertisements imply, to be a defender of the national security? As Garvin told TIME Correspondent John Tompkins, in an observation that no Exxon...