Word: mobilize
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...compensation (salary and bonus) in 1981 was $1,448,883 and in 1982, $1,388,072. It did not, as TIME claims, increase 36% in the face of the company's 1982 drop in earnings. Unfortunately, instead of researching the piece with sources available here at Mobil, TIME appears to have relied upon a secondary source. Clearly, the research was faulty, at least to the extent it touched...
Chairman of the Board Mobil Corp...
Such bonanzas are making 1984 the best year ever for dealmaking. In addition to Socal and Gulf, mergermen have put Texaco and Getty Oil together in a $10.1 billion corporate marriage and arranged a $5.7 billion combine of Mobil and Superior Oil. During the first three months of 1984, company mergers valued at a total of $34 billion took place. Should they continue at this rate, the old annual record of $82.6 billion set in 1981 will easily be broken...
...chief criticism of executive pay is its frequent failure to correlate with company profits. Says Sibson's Johnson: "The madness we see in executive compensation is that we pay star performers too little and poor performers too much." In 1982, for instance, when Mobil earnings dropped 43%, the salary of Chairman Rawleigh Warner Jr. increased 36%, to nearly $1.4 million. The struggling International Harvester loaded rewards upon Chairman Archie McCardell in the late 1970s and early 1980s even though the company suffered a devastating strike and came close to bankruptcy. When McCardell finally left the ailing company...
...engaging in chemical warfare in Asia in the form of "yellow rain," while Journal news reporting has offered other explanations for the phenomenon. The news staff takes pride in giving thorough coverage to the problems of labor and the unemployed, and in challenging the questionable practices of corporations. After Mobil Corp. President William Tavoulareas sued the Washington Post for alleged libel for saying that he "set up" his son Peter in a shipping company, the Journal reviewed the circumstances in a story that was far more careful than the Post's but equally tough on Tavoulareas...