Word: richfield
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Dates: during 1970-1979
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...just possible that out of this debate will come a new partnership between Government and business, closer than Carter himself has proposed. An articulate advocate of such an approach is Thornton Bradshaw, the thoughtful president of Atlantic Richfield. Despite his belief in capitalism, Bradshaw contends that the U.S. does not enjoy a totally free market in which competing and countervailing forces work, as Adam Smith would have it, for the ultimate benefit of the consumer. Instead, the U.S. already has developed an only partially free market characterized by a unique blend of private and Government forces...
Thornton Bradshaw, president of Atlantic Richfield, directed his barbed wit against the Executive Branch's energy efforts. So far, he said, that branch has accomplished little other than creating needless jobs and promulgating senseless regulations. Said Bradshaw: "There is a basic rule: any regulation must be followed by another regulation that tries to overcome the problems raised by the first...
...companies, asking them to buy stock in the venture. He made no threats, but took care to say that the companies were selected because they did business with Pertamina. Eventually he collected $1.1 million from 54 individuals and companies, including Mobil Oil, Union Oil, Cities Service and Atlantic Richfield...
...that Murdoch had ambitions to enlarge his empire: at the same time he was maneuvering with Dorothy Schiff, former owner of The New York Post, for control of that paper, he was engaged in an abortive attempt to buy the London Sunday Observer--which subsequently was sold to Atlantic-Richfield for one dollar, mostly to keep it out of Murdoch's hands. He also made a similarly unsuccessful attempt to purchase the ailing Washington Star. It thus came as no great surprise when Murdoch bought the tabloid Post from 73-year-old publisher Schiff last November for $31 million...
Anderson would, in writing, and he also promised that Atlantic Richfield would spend an undisclosed sum-believed to be as much as $10 million-to improve the paper and expand news coverage. "We do not propose to change the paper's editorial policy," said Anderson. "Our intention is solely to provide support for the Observer, one of the world's outstanding newspapers...