Word: mobilized
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...trustees favored resolutins that would require ITT Corporation, Mobil Oil Corporation and Eastman Kodak Company to disclose all contributions made to political candidates...
Last year activist groups sponsored a resolution to have MOBIL OIL (250,000 shares; May 3) disclose information on its South African operations. With most of that information now available, the United Church of Christ has moved on to bigger and better things, notably a shareholder resolution to have the company adhere strictly to principles of fair employment by starting affirmative action programs in "countries where local laws or customs involve discrimination on grounds of race, sex, or religion...
...IRRC or other groups convince the Corporation committee on shareholder responsibility that Mobil isn't adhering to these principles now, Harvard will probably support this resolution too; otherwise it will probably oppose it as a "Have-you-stopped-beating-your-wife" affair...
...shrewd Minister of Oil and Mineral Wealth, Ahmed Zaki Yamani, negotiated a new policy of "participation" by his government's oil agency, Petromin. Within three years, Petromin will acquire a 25% share in Aramco, the huge producing company through which Exxon, Texaco, Standard Oil of California and Mobil have been pumping Saudi Arabian oil. By 1983, the Saudis' share of Aramco will have increased to 51%. Similar deals have been made by other Middle East producers. Last week, the government of Iran took over the operations of a consortium of American, British, French and Dutch producing companies...
...Through a combination of luck, brass and shrewd management, he had built the company by 1970 into a behemoth earning $175 million on sales of more than $2 billion. Major factors in the rise: oil strikes in California and above all in Libya (one on land that Mobil Oil had abandoned because it produced nothing but dry holes) along with diversification by acquisitions into fertilizers, coal and chemicals...