Word: largest
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Dates: during 1970-1979
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...Robert Kaye, chief of the Florida State Attorney's Office Strike Force. "They ask themselves, 'Is the defendant going to get me when he gets out of jail?' " When the Institute for Law and Social Research asked witnesses in Washington, D.C., what they needed most, the largest single response was "better protection." Intimidation is not just limited to witnesses who squeal on the mob or run afoul of mad bombers. In suburbia, parents wonder what retribution is in store for them- or more worrisome, for their small children- if they turn teen-agers in for petty vandalism...
...Sisters are all so enormous that their own executives find the figures mind-boggling. They fill seven of the eleven top slots in the list of the world's largest industrial companies; General Motors, IBM and Ford are the only U.S. non-oil firms in their class. In size, the Sisters easily match many of the nations they deal with. Exxon's assets ($38 billion) and Shell's sales ($39 billion last year) are about equal to the Italian national budget...
EXXON, the world's largest energy concern, suffered an 8% drop in profit last year, to $2.4 billion, but only because the weakness of the dollar increased the number of greenbacks that will be needed to pay off its foreign debts. In the first half of this year, however, its net increased 13%, to $1.4 billion, and the quarterly dividend was raised 10? a share, to 85?. Exxon is a prize example of strength begetting strength. It has bid top dollar on the choicest drilling leases around the world and has participated in all the major new finds...
...probably temporary result of lower prices for North Sea crude and of marketing losses in Continental Europe. BP, which has total operating freedom from the politicians in Whitehall, has long emphasized crude production over marketing. The company produces the "blackest" barrel of oil in Europe-that with the largest proportion of low-profit heavy fuel-and early this year closed its biggest refinery, in Rotterdam, for two months because of poor sales. On the other hand, it has done the best job of any Sister in exploiting new oil finds and cutting itself loose from OPEC. As late...
...recruitment. To move into municipal bond trading, David-Weill hired the top traders at five of the biggest bond houses. Some other heavyweight hires: Frank Zarb, once the Ford Administration's energy czar, and Donald Cook, former chairman of American Electric Power, one of the U.S.'s largest utilities. Both Zarb and Cook were brought in to help Lazard expand as an adviser to foreign governments in arranging large financings...