Word: mobiles
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Dates: during 1970-1979
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...financial sense--it costs money--it can hardly be considered free in a political sense. Advertising is only "free" to those who can pay for it. Therefore it is inherently biased towards the interests of the wealthy. Political advertisements--those that make an overtly political argument (such as Mobil's weekly pro-business columns on the op-ed page of the New York Times)--promote the self-interested views of the advertisers. Promotional advertisements--those that attempt to sell a product or solicit a service (such as Mr. Chan's ad)--promote the material interests and values of the advertisers...
...billion in South Africa, and they are the chief purveyors of its modern technology and consumer goods. Ford, South Africa's biggest automaker (1977 sales: 42,874 vehicles), and GM together account for 26% of the automotive market. Goodyear, General and Firestone dominate tire sales; Exxon, Mobil and Caltex are leaders at the fuel pumps. Kellogg's cereals are found on 40% of South Africa's breakfast tables, and Otis elevators convey riders in two of every five office buildings. IBM enjoys a near monopoly in data processing, challenged only by Control Data. Even though embargoes prevent...
...Mobil has been in South Africa for 80 years, but it has hired most of its 1,326 nonwhite employees (out of a total of 2,961) during the past eight. It has also striven to train and promote nonwhites. Now most of the supervisory jobs at the Mobil refineries in Cape Town and Durban are held by nonwhites...
...addition, Mobil has strengthened its position as an oil and gas producer with major interests in the North Sea and Alaska, and has had incredible luck in the Gulf of Mexico. Last year it sank 28 wildcat wells there and struck oil in 14, a feat about equal to a baseball player hitting .425. Mobil has the most important nonenergy businesses of all the Seven; in 1976 it completed a 100% takeover of Marcor, parent of Container Corp. of America and Montgomery Ward. Last year these subsidiaries earned $175 million, or 17.5% of Mobil's profits...
...kinds of energy-shale oil, solar power, coal gasification-but the Sisters expect utility-type regulation by governments that will hold down their return. There is still strong sentiment in Congress to limit, though not forbid, acquisitions in non-oil energy fields. Acquisitions of completely unrelated businesses, like Mobil's link with Marcor, probably will be held back both by political opposition and by :he feeling of most oil managements that they should stick to fields in which petroleum expertise is useful. One solution would be to sink money into development of all kinds of natural resources: potash, salt...