Word: mobilizations
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...Govemment $246,914,156 2. IBM $74,109,498 3. Ford $55,562,975 4. Mobil $53,036,556 5. Exxon $41,937,361 6. Quebec Hydro-Electric $31,354,629 7. GM $30,614,761 8. Eastman Kodak $26,824,948 9. Continental Oil $22,064,320 10. General Reinsurance...
...second quarter ever. Profits of the 23 biggest U.S. firms totaled $5.47 billion, a rise of 66% over the same period last year. Among the five large international companies, Texaco's earnings leaped by 132% to $365 million. Earnings of the others: Exxon, up 20% to $830 million; Mobil, up 38% to $404 million; Socal, up 61% to $412 million; and Gulf, up 65% to $291 million. These gains came on top of strong earnings in the first quarter. For the first half, the combined profits of the five giants came to $4.6 billion, or an increase...
Neil Koblitz's letter concerning Harvard and the Rhodesian connection (May 21) is guilty of just the short-sightedness and "shocking display of cynicism and ignorance" he confers on the U.S. Senate and the Harvard Corporation. I fully agree that the Corporation's refusal to back the Mobil and Standard Oil shareholder resolutions (calling for a reduction of oil trade by one-third, the amount believed to be sent by South Africa to Rhodesia) is indeed a political action, and it is erroneous to believe the Corporation is politically neutral...
...April 24 Crimson reported the Corporation's decision not to support two shareholder resolutions sponsored by church groups. These resolutions would have required Mobil Oil and Standard Oil to reduce their oil trade with South Africa by one-third, the amount of oil believed to be sent by South Africa to Rhodesia. More disturbing than Harvard's actual vote was one of the reasons given for refusing to support the church initiative...
...biggest beneficiaries of all is the Arabian American Oil Co., the Delaware corporation that is jointly owned by Exxon, Texaco, Mobil and SoCal, and pumps the oil that flows from Saudi Ara bia. Last year the company earned profits of more than $580 million, but it paid no U.S. income taxes at all on its Saudi bonanza. In fact, it has paid no such taxes since...