Word: mobilization
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They know that even when prices are low, oil is a finite resource; that new reserves must be discovered and tapped so the big, integrated companies like Exxon and Mobil can stay in business. These executives know that when the going gets tough, the oil-services industry consolidates. They know their companies are going to stand among the survivors...
...daughter. With delicate microbraids that frame her high cheekbones, she is strikingly beautiful--and almost painfully soft-spoken. But when the 23-year-old takes to stages around the U.S., she transforms herself into a firebrand for African democracy. In the past month alone, she's spoken at the Mobil shareholders' meeting, lectured to black church leaders and led a vigil in front of the White House--all with the aim of raising U.S. support for the Nigerian pro-democracy movement. She's even struggling to fund her own foundation, the Kudirat Institute for Nigerian Democracy. With the unexpected death...
...bloc that included Robert Bork and Antonin Scalia at its rightward end. He got a reputation as a consensus builder, ruling against affirmative action and busing but strongly supporting the First Amendment, notably in a high-profile decision favoring the Washington Post when it was sued for libel by Mobil chairman William P. Tavoulareas...
...increasing shareholder power, whenever an industry bellwether makes the move, others tend to fall into line. US West was the first among telecom companies, in 1994; eight others have direct purchase now. Texaco got the ball rolling in oil five years earlier; now you can own Chevron and Mobil that way. Disney's move to reinstate direct purchase most likely will have influence outside its industry as well. CEOs of all stripes will probably conclude that it must have good reason--beyond the p.r. pop--for the flip-flop...
...police officer re-routed traffic coming down Memorial Drive and across the River Street Bridge, several fire trucks and emergency vehicles parked in and around the Shell and Mobil stations on either side of the street...