Word: rieber
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...itself sitting in on a game it could not afford to play, for unless it shared development expenses in proportion to its one-fifth interest, that interest would be gradually shaved down to an insignificant figure. At the Barco table on one side was Texaco's Chairman Torkild Rieber with $473,000,-000 in assets beside him, on the other Socony's President John Albert Brown with a stack of oil chips worth...
Texas Corp., prospering like most oil companies, made profits estimated by Chairman Torkild Rieber at $28,000,000 in the first nine months of 1936 compared to only $17,300,075 for the full year...
Texas Corp.'s Chairman Torkild Rieber likes to do things with a minimum of publicity, a maximum of purpose. Last spring the Norwegian-born onetime shipmaster bought from the Mellons' Gulf Oil the famed Barco concession in Colombia, promptly teamed up on a 50-50 basis with Socony-Vacuum for its development (TIME, May 4). Last week Captain Rieber struck another foreign deal with another Standard company, Standard Oil of California. In a terse joint statement from Captain Rieber and Standard's Kenneth Kingsbury it was revealed that Texaco will market all oil produced and refined...
...east of Suez" agreement provides assured markets for California's Kingsbury, assured sources of supply for Texaco's Rieber...
...usual showdown with the board of directors. A loser, he picked up his hat and walked out, with no hard feelings, to start what he hoped would be another Texaco. When he needed a good oil man he went to his old company, persuaded it to release Captain Rieber. But by 1927 Captain Rieber was back with Texaco again...