Word: mobilized
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Four years ago, when many American businessmen were bewildered by the Kennedy Administration's bristling rebuke of U.S. Steel, Mobil Oil Corp. Chairman Albert Lindsay Nickerson took Washington to task. He warned stockholders of the "cumulative, undermining effects" of such attacks on large corporations, protested that too often the Government's response to the legitimate needs of business had been "halfhearted, apologetic, and even occasionally antipathetic...
Tall, courtly Al Nickerson, 55, has been the $250,000-a-year chairman of the nation's sixth largest company (1965 sales: $5.5 billion) since 1961. He joined Mobil in 1933 when, fresh out of Harvard, he landed a $19-a-week job in a Brookline, Mass., service station. One of his main achievements has been to help build up Mobil's foreign operations, which ^suffered heavily during World War II, to the point where they now bring in more than half of the company's net income, which reached a record $320 million...
...moved up to roughneck, or assistant driller, at 83?, and lived in a $4.50-a-week room. When he came home three years later, he worked briefly at junior jobs in such family-dominated enterprises as the Chase National Bank (now Chase Manhattan) and Socony-Vacuum Oil Co. (now Mobil). He began taking on charitable responsibilities and helped organize the Greater New York Fund. He became a leader of the National Urban League-not merely a contributor but a dedicated worker who did much to promote job opportunities for Negroes. Lester Granger, former executive director, calls Rockefeller "as good...
Rawleigh Warner Jr., President, Mobil Oil Corp...
Truce in the Wars. Stock prices are strong because profits are surging. Standard of New Jersey, the world's largest oil company, last week reported record profits of $272 million for the third quarter, up 3% from the same period last year. Mobil, Cities Service and Standard of Ohio also set profit records. Gulf's alltime peak earnings of $122 million for the quarter were 20% higher than last year. Best gain of all the majors was registered by Atlantic-Richfield, whose nine-month profits climbed 32%, to $83 million. For 1966 as a whole, Standard & Poor...