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...their employment and sales data and other policies within a year. But it is illegal for companies in South Africa to publicize sales to the military or Rhodesia. Such transactions are camouflaged as sales to other government agencies. The United States Department of State claimed it could not investigate Mobil Oil marketing in Rhodesia, because of these practices; does the Harvard Corporation think it can be more effective...
...less developed countries. General Electric recently developed a tank that uses common salt to store for long periods heat collected by solar panels. Along with Owens-Illinois, G.E. is also working on advanced vacuum-tube rooftop solar collectors that double efficiency and cut costs in half. Exxon and Mobil are experimenting with photovoltaics, which they predict could be cost-effective by 1985. Martin Marietta and McDonnell Douglas, using aerospace technology, are now studying ways of building economical solar furnaces...
...nation's biggest executive earner was Henry Ford II, chairman of Ford Motor Co. Last week the company announced that his salary and bonus edged up 2%, to $992,000. In all, General Motors Chairman Thomas Murphy earned $975,000, an increase of 2.6% over the year before. Mobil Chairman Rawleigh Warner Jr. got $725,000, up 4% from 1976. (For some other high executive moneymakers, see listing...
...very basic knowledge of U.S. corporate activities in South Africa hampers any attempts to monitor the relationship between the companies and the Vorster government. Employing the same criteria used in United Nations estimates, the Clark subcommittee decided that the 13 largest American firms in South Africa are General Motors, Mobil Oil, Exxon, Standard Oil of California, Ford Motor Co., ITT, General Electric, Chrysler, Firestone, Goodyear, 3-M, IBM and Caterpillar. Harvard owns stock in nine of these 13 firms, with a total value of over $200 million as of June, 1977, out of a $1.5 billion investment portfolio...
...expects to have a rig at the Baltimore Canyon in less than three weeks; within an additional 90 days, the company should drill the first well. Shell's Pacesetter II rig, now drilling in the Gulf of Mexico, will move to the Baltimore Canyon by mid-April. Texaco, Continental, Mobil, Gulf and Houston Oil & Minerals are also moving rigs to the area...