Word: mobil
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...World's equivalent to Harvard's fat envelope of rooming forms and religious preference cards amounts to a yearlong barrage of inquiries from major corporations asking seniors to register for their credit cards. I'm not sure I will need a Sears credit card. Do I want Gulf or Mobil? They both say they won't charge me anything, but "this may be your last chance...
...unanimous votes the committee approved resolutions that seek to force Mobil and Southern Oil Company of California to adopt the Tutu Resolutions, a set of guidelines similar in form to but significantly border than, the Sullivan Principles...
Since Superior owns no refineries or gas stations, its takeover by Mobil should not raise serious antitrust issues. But in Congress, questions are being asked about the shrinking number of competitors in the oil industry, as well as the huge sums expended to buy out shareholders...
...himself "a friend of oil," and Ohio's Howard Metzenbaum, a persistent industry critic, united behind a bill to impose a six-month moratorium on acquisitions by the 50 largest oil companies. Because the measure would be retroactive, it could put on hold both the Socal-Gulf and Mobil-Superior deals...
...congressional hearing last week, oil company executives denounced the measure. Said Gulf Chairman James E. Lee: "The moratorium would be devastating for Gulf. It would put us in limbo." Added Socal's Keller: "It would be a case of trying to solve a nonproblem with a sledgehammer." Mobil's Tavoulareas sent telegrams to all 535 members of Congress urging that Mobil's purchase of Superior Oil not be stopped...