Word: mobilizations
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...With about $35 billion in assets, it will be far smaller than the old AT&T. Yet the firm will still be as big as Mobil, and twice as large...
...vessel that is lifting anchor has $155 billion in assets. It is bigger than GM, Mobil and Exxon combined. With nearly a million employees, it is the second largest employer in America, behind only the U.S. Government. Its annual spending of $17 billion equals about 4% of all U.S. capital investment. Its Bell Laboratories, incubator of the transistor, the laser and Direct Distance Dialing, is the world's foremost industrial research organization. Western Electric makes 80% of all the telephone equipment used in America, including most of AT&T's 827 million miles of copper wire...
...School of Arts and Sciences (GSAS) had run an unusual six-week intensive introduction to the basics of business for some 150 GSAS students and alumni; the program, offering instruction in such topics as finance, marketing, and production, propelled a good number into high-flying jobs with Sony, Citibank, Mobil, Wang, and the like. Last week, however, GSAS officials, citing financial difficulties, announced that they were canceling the widely regarded experiment...
Corporations (unlike ordinary folk) at least can take out an ad in rebuttal. Mobil in particular likes to express itself on all kinds of public questions. In an ad, a company is free to put its best foot forward, and if figures are cited, they will almost certainly be accurate. But the reader wonders whether other facts and contrary arguments have been given their full weight. Skeptical questioning is missing. That is the role the press plays, and it plays it best when it keeps a neutral distance not too hand in glove with its source...
...bankrolling the Michigan Panthers, one of the entries in the infant U.S. Football League. In the business world, Taubman's real estate acumen is legendary. In 1977 he and some investors, including friends like New York Investment Banker Herbert Allen Sr. and Henry Ford II, outbid Mobil Corp. and paid $337 million for the Irvine Co., which owned 77,000 acres of mostly vacant land south of Los Angeles in Orange County. Six years later Taubman and his partners cashed in on the run-up in the housing market and sold the property for more than $1 billion. Said...