Word: mobilizing
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...incalculable influence on the traditional clubs is the sprouting of high-initiation luncheon clubs. Manhattan has several on top of skyscrapers: the Wall Street Club and the Harbor View downtown, the Cloud Club in the Chrysler Building, the Pinnacle in the Socony Mobil Building, the Hemisphere in the TIME & LIFE Building. These have an advantage over the regular clubs, by operating on a one-meal-a-day, five-day-week basis. The 700-member Pinnacle, for instance, spent $626,000 in fiscal 1961-62 and took in a comfortable...
Once again the Big Four were General Motors (1961 sales: $11.4 billion), Jersey Standard ($8.4 billion), Ford ($6.7 billion) and General Electric ($4.5 billion). Socony Mobil ($3.32 billion) rose from sixth to fifth, overtaking U.S. Steel ($3.3 billion). Only new face among the top ten was the nation's largest food processor, Chicago's Swift & Co. ($2.48 billion), which moved back up to tenth place after slipping to eleventh in 1960. Swift's return to the top ten was a result of the decline of Chrysler, which, with sales off 29% to $2.1 billion, skidded from seventh...
...BUSINESS). Others are holding off business decisions until the future of trade regulations is clear, or until they see the fate of the Administration's depreciation allowance bill. Moreover, there is a suspicion that the Administration tends to penalize bigness. Said Albert L. Nickerson, chairman of Socony Mobil Oil Co., Inc. "It seems to me illogical to 'think big' in terms of such activities as economic competition from Russia, space exploration and the conquest of poverty and disease, and then on the other hand to 'think small' in terms of the business organizations that...
...Houston to New York's Staten Island and to 1,000 miles of spur lines in between. The $350 million pipe, biggest privately financed construction job in history, will be bankrolled by nine oil majors. They are: American Oil, Cities Service, Continental, Gulf, Phillips, Pure Oil, Sinclair, Socony Mobil and Texaco...
Some of the best yearly profits were rung up by the oil industry, where machines now run entire refineries and petrochemical plants. JERSEY STANDARD gained 10% to $758 million, TEXACO 10% to $430 million, STANDARD OF INDIANA 6% to $154 million. Said Senior Vice President George James of SOCONY MOBIL, whose net jumped 16% to $211 million: "Staff reduction is primarily responsible. We have been carrying on an intensive job method study, then offering early retirement plans wherever we can weed out unneeded workers...