Word: mobilizing
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...When Mobil Corp. President William Tavoulareas sued the Washington Post for saying he used his corporate position to "set up his son" in a shipping business, the jurors on the case reportedly proceeded on three intuitive assumptions. First, if a news organization accuses someone, it ought to be able to prove its charges. Second, a public figure whose career depends on his reputation ought to enjoy, if anything, greater protection from unsubstantiated attack than an ordinary citizen. Third, documented disagreement within a newsroom about a story's validity -- followed by its publication -- shows the news organization doubted the story...
...Government, Greenspan has kept a high profile. In 1985 he appeared in television commercials and newspaper and magazine ads as a pitchman for Apple's IIc computer. He makes about 20 speeches a year (his & standard fee: $22,000) and sits on the boards of six corporations, including Alcoa, Mobil and Capital Cities/ABC...
...strong Post (circ. 796,000), but the paper, the only local alternative to the Post, has had a few impressive scoops. The Times broke the story alleging that Michael Deaver had improperly used his White House ties to advance his lobbying business and, two months ago, revealed Mobil Oil's decision to move its headquarters from Manhattan to suburban Washington. Though the Times has serious weaknesses (its national political coverage is abysmally shallow, for example), its strengths include a scrappy metropolitan staff, lively cultural reporting, and a generous amount of foreign news for a publication its size. "The paper...
...dwindle. At the same time, consumption of gasoline leveled off and Texaco's network of filling stations became something of a burden. Many were eventually folded. As a result, Texaco's industry lead faded. By 1977 it had dropped to its current No. 3 spot, behind Exxon and Mobil. In recent years Texaco has struggled to boost profits in the face of depressed energy prices...
...might lose their jobs in a takeover. Dubbed "tin parachutes," the payments sometimes reach 250% of an employee's annual salary. Webb Bassick, a partner at Hewitt Associates, a consulting firm, estimates that as many as 15% of all large public companies have such packages. Among them are Mobil, America West Airlines and Diamond Shamrock, an oil conglomerate. Says Bassick: "It's refreshing to see companies looking at their moral obligation to employees" -- and countering corporate raiders at the same time...