Word: richfield
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...these, an oil company agrees to sell exclusively only one rubber company's tires through its gasoline stations in exchange for a commission from the tire manufacturer. Legal battling over such agreements began in 1951 when the Federal Trade Commission attacked a T.B.A. contract between Goodyear and Atlantic Richfield Co. In 1965 the Supreme Court upheld the FTC, and three years later, it held such contracts to be illegal in every instance...
...eight companies rank in the top 25 of the FORTUNE 500. In order of size of assets, they are: Exxon, Texaco, Gulf, Mobil, Standard of California, Standard of Indiana, Shell and Atlantic Richfield. Among them, they have assets of $76 billion; their profits last year totaled nearly $4.6 billion. All are vertically integrated, that is, involved in every phase of the industry-exploring for oil, pumping it from wells, shipping it by pipelines, refining it, and selling it at service stations. Together, they control 51% of domestic crude-oil production, 64% of proven domestic reserves, 58% of refinery capacity. Their...
...enough. Instead of carving the empire into its functional parts-production, refining and marketing-Roberts says, "the Government split it along geographical lines, thus making every successor company vertically integrated." In fact, five of the charged firms -Exxon, Standard of Indiana, Mobil, Atlantic Richfield and Standard of California-were created by the breakup of Rockefeller's trust...
...operating retail outlets, they guarantee that the refineries will turn out products that are in demand. They also argue that their industry is intensely competitive. Says a Texaco spokesman: "No single company has as much as 12% of the crude production, refining capacity or product sales." Atlantic Richfield President Thornton Bradshaw sums up industry feeling about the charges: "Baloney...
...profitable move. Starting off with only four attorneys, Kalmbach, who had little reputation as a lawyer, built his firm into one of California's, and perhaps the nation's, most successful. He rapidly acquired an impressive roster of clients: the Atlantic Richfield Company; United Air Lines; the Travelers Insurance Company; the Flying Tiger Corporation; Dart Industries Inc.; the Marriott Corporation; MCA Inc., which produces perhaps 40% of prime-time TV shows; and the California Federal Savings and Loan Assn...