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...Claremont, Calif.: "In its lay -- or nongovernmental -- form, press bashing is most apt to show up in the form of libel suits. The Philadelphia Inquirer has no less than 21 libel suits filed against it today. We have had a big one going with the former president of Mobil Oil. Four judges have considered it; two have ruled for him and two for us, but unfortunately for us, the last two were his. It is on appeal now, and our legal bills alone have already topped $1,275,000. Not insured. The chilling effect is considerable, believe me. I consider...
Overseer Branscomb also sits on the boards of two South Africa-related companies: General Foods Corp. of White Plains, N.Y. and Mobil Corp. of New York City. Both of those are also represented in Harvard's stock portfolio...
...Mobil, with 1984 revenues over $50 billion, began operations in South Africa in 1897, and today has $400 million invested in the country, principally two main subsidiaries: Mobil Oil Southern Africa (MOSA) and Mobil Refining Company South Africa. MOSA sells fuels, lubricants, asphalt other products, owns about 1211 service station and has about 20.7 percent of the country's retail gasoline market share, according to company figures. Through the refining company, it owns 65,000-barrel-a-day refinery at Durban and 47 percent of a South African refining company. Some 3182 of Mobil's 178,100 worldwide employees...
Harvard's stake in Mobil amounts to 305.10 shares, with a total value of $8.085 million...
...Mobil Chairman Rawleigh Warner Jr., who began his company's involvement with ( Montgomery Ward, may be watching it end from a distance. He announced last week that he will step down as chairman next year, when he reaches 65, to be replaced by Allen Murray, 54, the current president...