Word: oilman
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When he walks into a room, Rex Tillerson radiates competence and stability. In a world grown weary of the shenanigans of energy companies like Enron, the oilman commands respect--and earns it--by pumping twice as much oil out of the ground as Kuwait does. As ExxonMobil's senior vice president for exploration and production, he was responsible for 80% of the $11 billion profit generated last year by the world's largest private oil company. The challenge: Can Tillerson, 51, ride that success to become...
...Using e-Bay As a company, Vivendi has many strengths, but conducting auctions isn't one of them. The French-based conglomerate has for months been trying to unload its U.S.-based media assets, which include several cable channels and the Universal movie studio. Late last year, Texas oilman Marvin Davis offered $20 billion for the U.S. assets, and Vivendi acted insulted; a Vivendi official at the time suggested that Davis "take a hike." That bit of pride is proving costly. Last week, a promising suitor, MGM, pulled out of the auction, saying the price Vivendi now seeks - $14 billion...
...Late Bloomer On a personal level, Cheney was not always a bull-by-the-horns guy. After Cheney graduated from high school, Tom Stroock, a local oilman who was impressed by the young man, arranged his entrance and full scholarship to Yale. After four semesters, Cheney's grades were so bad, the university asked him to leave. David Nicholas, who has known Cheney since junior high school and who went to Harvard, thinks part of the problem was that the Casper schools had not prepared the boys for Ivy League academics. "We were competing with kids who went to Andover...
...said they think Bush is doing a good job on the economy, down from 72% in October. Meanwhile, 61% believe that members of the Bush Administration are protecting the interests of business over those of ordinary Americans. It doesn't help that Bush (from his time as a Texas oilman), Cheney and other high-profile members of the Administration have been stained by the accounting scandals. Says an Administration official: "Wall Street looks at the Administration as CEOs who don't know how the markets work, and the public looks at them as just a bunch of CEOs--a group...
...anger, they made it sound as if he were more steamed about the decision to end baseball's All-Star game in the 11th inning. No matter how stern Bush looks when he declares that bad guys should go to jail, he has not erased charges that as an oilman in the '80s, he profited from the same kind of sweetheart deals he now decries. Public opinion is focused not on the Beltway but on the boardroom, and the President's career, lineage and aspect all put him in one of the fancy leather swivel chairs. "CEO," an adviser warned...