Word: jersey
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Dates: during 1960-1969
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...Jersey Standard is actually a holding company and-thanks in considerable part to Haider-a highly decentralized corporate parent to 300 affiliates that do all its exploring, producing, refining and marketing of petroleum products in more than 100 nations. Out of all this, Jersey's most recent annual earnings were $1.1 billion from well-oiled sales of $13.6 billion...
Everything about Jersey is immense. Its assets of $13.8 billion are greater than the U.S. Government's gold supply. The employees working for it and its affiliates-150,000 people-are equal to the working population of Vermont. Its 750,000 shareholders outnumber the population of Hawaii. Jersey's tanker fleet, including 126 ships sailing under 14 flags, with 19 new supertankers abuilding of mostly 240,000 tons apiece, is bigger than the Greek navy. Jersey's 65,000 service stations, bearing such names as Esso, Enco and Humble (the New Jersey company's exclusive right...
Cool Cards. Jersey considers itself an energy company rather than an oil company, but even energy no longer covers the corporate range of activities. Energy does indeed reach from oil for the lamps of India to power generated by a subsidiary in Hong Kong. Affiliates also offer lodging in Esso motels and meals from Esso restaurants. The company could probably topple a few governments and settle some revolutions by selective payment of its oil royalties to one faction or another. "It's fantastic," says a U.S. State Department official, "what powers they have and how coolly they play their...
...Jersey has a lot of big company on the international scene, including such other U.S. firms as G.M., Ford, Chrysler, General Electric, IBM, ITT, Union Carbide, Du Pont, 3M, Kodak, Texaco, UniRoyal, Mobil, Boeing, Pfizer, Olin Mathieson and Corn Products Co. Together, they are rocking the world. Their globalization is an inevitable showdown between modern technology and old-style nationalism. Technology is an odds-on favorite...
Esso Europe, at Mike Haider's insistence, was concocted in 1966 as an even more diverse mixture. Picked to head it was an American, Nicholas J. Campbell Jr., 52, who had earlier been in Venezuela for Jersey and in Japan as president of Esso Sekiyu, the Japanese affiliate. Choosing as many capable executives as possible from Europe, Campbell ended up with a mix that includes 121 Americans, four Canadians, one Venezuelan, 86 Britons, 21 Germans, 16 Frenchmen, 14 Italians, ten Belgians, ten Norwegians, nine Swedes, eight Dutchmen, two Danes, two Swiss, one Finn and one Maltese, who all work...