Word: richfield
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...Brad" Bradshaw, who had been president of Atlantic Richfield (Arco) oil company for 16 years before replacing Edgar Griffiths at the helm of RCA, is known as the Mountie of American corporate chiefs: he always gets his man. This spring he was headhunting for a successor to Silverman. In May he had lunch with Tinker, whom he had never met, at Perino's in Los Angeles. "My impression was that Bradshaw was just doing his homework for his new job, getting the feel of the medium," Tinker recalled as he relaxed last week...
...weeks ago for a shareholder resolution advocating restrictions on IBM sales to the South African government, a few optimists may have seen hints of change in the action. But the Corporation's statement on its IBM vote and its string of abstentions last week--on resolutions at Mobil, Atlantic Richfield, Exxon and Dow Chemical--quickly and effectively demonstrated that the Corporation continues to refuse to challenge the status...
...Corporation also decided to abstain on resolutions at the Exxon Corporation and the Atlantic Richfield Company that request an end to these companies' expansion in Chile. The ACSR had given favorable--but only by a plurality--recommendations on these two motions...
...ACSR also approved resolution by stockholders in the Atlantic Richfield company and the Exxon Corporation requesting an end to the companies' expansion in Chile. Harvard owns about $33 and $54 million in ARCO and Exxon stock, respectively...
...paying lower prices for crude or refusing to buy it. Standard Oil of California, which markets under the Chevron brand, Phillips Petroleum and Marathon Oil have all announced that they are cutting by $1 per bbl. the amount they will pay for certain grades of domestically produced crude. Atlantic Richfield has reduced purchases from Nigeria by 60,000 bbl. a day, and industry experts say that Ashland Oil has indefinitely suspended purchases of some 90,000 bbl. a day of crude from Mexico, along with another 17,000 bbl. daily from the African country of Cameroon. In the past...