Word: mobilizers
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Dates: during 1970-1979
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...given year, the expenditures by the big oil companies in search of increased energy supplies may match or exceed profits. For example, the amount that Mobil spent last year to look for and develop new sources of gas and oil, $1.1 billion, was exactly equal to its after-tax earnings. The $3.5 billion that Exxon spent on developing new energy sources was well above its after-tax profits, which came to $2.7 billion. Of that sum, Exxon paid out about 55% in dividends to its 695,000 stockholders. They include not only a great number of small investors (no single...
...resolution particularly worth noting asks Mobil to recognize black trade unions. The resolution is sponsored by a group of Cornell students called the Corportate Responsibility Project, which studies its University's investment practices and buys stock in specific companies so it can introduce shareholder resolutions. Cornell's student trustees serve on the project, as well as undergraduates and law students. The money to purchase stocks comes partly from student fees...
None of the F.W.A. women, as Ellen Sachar put it, was "so naive as to think if she sat next to [Mobil Chairman] Rawleigh Warner at breakfast, he would invite her on the Mobil board at lunch." But what these women are telling corporate executives is that it is no longer valid to contend that there are not many qualified women for boards...
...Jersey were asking 71.9? per gal. for unleaded, and in New York City 88.9? per gal. for unleaded was posted on at least one pump. In Chicago a gallon of Amoco premium unleaded has been going for 96.9? per gal., up 5? in a month. Says a philosophical Mobil station manager in Manhattan: "Customers get upset, but they pay anyway. They grumble, but what can they...
...major companies have raised their wholesale prices, and there is endless debate over whether or not these increases are justified by the rising costs that the firms must pay for oil. Since early November, Exxon has boosted its wholesale price for regular gas by 4.3%, to 47.9? per gal.; Mobil has lifted its price 10% to 51.9? per gal. and Amoco 11.4% to 50.6? per gal. The service station dealers then normally pass these wholesale increases on to their retail customers. The station owners commonly add 10? or more to the wholesale price in order to maintain their own margins...