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...Arabian American Oil Co., the free world's largest crude producer. But they kept a tight curtain of secrecy around the five-day meeting at the plush Bay Point Yacht and Country Club, near Panama City, Fla. As most of the negotiators-including executives of Exxon, Mobil, Texaco and Standard of California, the four American partners in Aramco-made for their private jets at the conclusion of the meeting, they refused to discuss what price the Saudis would pay for the 40% of Aramco that they do not yet own. At week's end the only formal announcement...

Author: /time Magazine | Title: OIL: New Boss at Aramco | 3/22/1976 | See Source »

...part look at gasoline prices broadcast last month on WNBC-TV, the network-owned station in New York City. The mini-series was aired in daily segments of about five minutes each on the early evening news broadcast. Several oil companies privately expressed displeasure at the coverage, and one, Mobil, went public with its complaints, purchasing nearly $36,000 worth of full-page advertisements in local newspapers to denounce the series as "a parade of warmed-over distortions, half-truths, and downright untruths...

Author: /time Magazine | Title: The Press: Fueling the Argument | 3/22/1976 | See Source »

...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...

Author: /time Magazine | Title: SCANDALS: THE BIG PAYOFF | 2/23/1976 | See Source »

...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...

Author: /time Magazine | Title: SCANDALS: A Record of Corporate Corruption | 2/23/1976 | See Source »

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...

Author: By David Clarke, | Title: Big Green Whips Cagers, 86-75; Ivy Opener a Disappointment | 12/18/1975 | See Source »

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