Word: mobilizations
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...join the world's most frenetic rush for undersea oil and gas. No fewer than 350 companies and consortiums have begun putting up money for the search, investments expected to total $12.5 billion over the next ten years. Their ranks include such American giants as Exxon, Texaco, Mobil, Gulf and Phillips...
Harvard abstained from voting its $14 million in Mobil Oil stock yesterday on a shareholder resolution to require Mobil's affiliates abroad--particularly in South Africa--to begin programs to establish equal employment opportunities. The Advisory Committee on Shareholder Responsibility (ACSR) had urged Tuesday that Harvard support the resolution...
...subcommittee stated that it would have supported the Mobil resolution if it had been certain that the ACSR--and the United Church of Christ, which sponsored the resolution--were correct in saying that it called only for "proper means" and "legal ways" of ending racial discrimination...
...Former Mobil Chairman...
Albert L. Nickerson '33, a subcommittee member and former Mobil chairman, did not vote on the Mobil resolution. George F. Bennett '33, the University's treasurer, favored voting Harvard's stock against the resolution...