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...using a little-known procedural rule at a late-night session. In the Senate, however, Mobil--represented by former Carter Aide Stuart Eizenstat--was able to stop the bill when Senator Howell Heflin of Alabama blocked consideration on the Senate floor. Heflin is a friend of Mobil Chairman Rawleigh Warner...

Author: /time Magazine | Title: Peddling Influence | 3/3/1986 | See Source »

Mobil Chairman Rawleigh Warner Jr., who began his company's involvement with ( Montgomery Ward, may be watching it end from a distance. He announced last week that he will step down as chairman next year, when he reaches 65, to be replaced by Allen Murray, 54, the current president...

Author: /time Magazine | Title: Calling It Quits | 5/20/1985 | See Source »

...about the oil business last month, the paper gave short shrift to a piece of news that the company thought was important-the closing of a Mobil refinery in West Germany-and devoted a separate story to a report that Percy Pyne, the son-in-law of Mobil Chairman Rawleigh Warner Jr., would benefit financially from the company's construction of a $300 million office tower in Chicago. As a result, Mobil announced last week that it will no longer have "anything to do with the Wall Street Journal." Said John Flint, a Mobil spokesman: "Specifically we will...

Author: /time Magazine | Title: Closing Doors | 12/17/1984 | See Source »

...Rawleigh Warner...

Author: /time Magazine | Title: Letters: May 28, 1984 | 5/28/1984 | See Source »

...executive pay is its frequent failure to correlate with company profits. Says Sibson's Johnson: "The madness we see in executive compensation is that we pay star performers too little and poor performers too much." In 1982, for instance, when Mobil earnings dropped 43%, the salary of Chairman Rawleigh Warner Jr. increased 36%, to nearly $1.4 million. The struggling International Harvester loaded rewards upon Chairman Archie McCardell in the late 1970s and early 1980s even though the company suffered a devastating strike and came close to bankruptcy. When McCardell finally left the ailing company in 1982, it gave...

Author: /time Magazine | Title: Those Million-Dollar Salaries | 5/7/1984 | See Source »

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