Word: mobilization
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General Motors again led the list, followed in the top ten by Standard Oil (N.J.), Ford, General Electric, Chrysler, IBM, Mobil Oil, Texaco, Gulf Oil and U.S. Steel. Collectively, the top ten increased earnings by 21%, or double the rate of the other 490 companies...
...range of recommendations, but the process has resulted in an incredibly homogeneous body. Four lawyers, three of them with extensive financial interests which have been repeatedly publicized by radicals, serve on the Corporation; the fifth Fellow, A. L. Nickerson, is a Republican from New York City who heads the Mobil oil company. With the exception of the youngest Fellow, Hugh Calkins from Cleveland, the Fellows maintain nearly identical life-styles in a select and self-contained world. For example, they share membership in the same exclusive clubs in Boston and New York; although Samuel Eliot Morison, who wrote authoritative histories...
Reverberating Impact. Oil companies also have fared unevenly, even though they raised gasoline prices in March. Earnings at Standard Oil of New Jersey advanced only 1.6%; profits rose 6% or more at Gulf, Mobil, and Standard Oil of Ohio but fell at Texaco, Phillips and Atlantic-Richfield. Occidental Petroleum recorded an 84% earnings increase, reflecting the rich flow of low-cost crude oil from its Libyan strikes...
...recent weeks, it has become increasingly clear that the Corporation is the main defender of ROTC at Harvard. Pusey stated that academic credit is not the issue. In President Pusey's words, it is "our Army" It is their army: Mr. Nickerson, president of the board of Socony Mobil, sleeps better at night in the knowledge that his investments in Iran or Venezuela are shielded not just by military dictators, but by the threat or direct armed intervention by the U.S. government...
...greater demand and firmer prices. Standard Oil of New Jersey, the oil-industry leader, earned an alltime high of $1.275 billion, up 10% from the year before, on sales of $16 billion. Texaco also set a record with earnings of $835.5 million, while Atlantic Richfield gained 14.5% over 1967, Mobil 11% and Gulf, California Standard and U.S. Shell each about 10%. The chemical industry was cheered by the end of a slump in sales of synthetic textiles. Du Pont, which derives one-third of its business from nylon and other synthetics, increased its profits 18%, to $372 million...