Word: mobiles
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Dates: during 1970-1979
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...disclosures of corporate bribes and illegal political contributions to officials in the U.S. and abroad has spread a darkening stain over the global reputation of American business. Throughout the revelations of the past 18 months, however, there was one minor consolation: reports of rampant payoffs by Exxon, Gulf, Mobil, Northrop, United Brands and other corporate giants had not directly implicated any major world leaders. Most under-the-table payments abroad had apparently gone to shadowy intermediaries, lower-or middle-level government officials, or chiefs of small developing countries that had never been known for political purity. But last week...
...orders an auditors' investigation of how much was paid where and to whom. Investigators have found that Northrop distributed a staggering $30 million to foreign agents. Some U.S. corporations were embarrassed by publicity about their contributions even in nations where the laws condone such gifts. IBM, Mobil and Standard Oil of Indiana, among others, made legal donations in Canada and Italy. Exxon contributed at least $46 million to Italian politicians, some of it in return for specific favors...
Harvard's two centers, Brian Banks and Steve Irion, could not control Sterling Edmonds, Dartmouth's mobil pivotman. The Crimson duo combined for eight personal fouls and only 12 rebounds, while Edmonds chalked up 20 points, 16 rebounds and seven assists...
Nigeria. The government at present owns 55% of the oil operations of Gulf, Mobil, Texaco and a Shell-British Petroleum joint venture. And as recently as August, it disclaimed any attempt to grab for more. Nonetheless, some oilmen expect an effort at complete nationalization soon...
Libya. The operations of six companies have already been 100% nationalized, and the government has taken majority stakes in eight others, including Mobil, Exxon and Occidental. In addition Occidental and Libya last week settled a dispute over production levels in two Libyan fields; the dispute had threatened to jeopardize a 1973 pact that left Occidental with a 49% interest in its Libyan operations...