Word: roustabout
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Rambin worked as a roustabout on the rigs to pay his way through Louisiana State's petroleum-engineering course, joined Texaco in 1935. After managing divisions in the Louisiana fields, he moved on to a succession of high-test jobs, became boss of southern operations in 1962 and president of the entire company in 1963. He worked closely with Long at Texaco's Manhattan headquarters where top management wields greater centralized authority than is customary in most oil firms. Under Long, Texaco raised its earnings last year to $546 million to become the third most profitable U.S. company...
...chief executive to replace Burl S. Watson, 70, who remains chairman. A stocky, straightforward man with a whimsical twist, Warren treats his promotion lightly ("You can't take yourself too seriously"), but concedes that he always had his sights on the top job. Warren started as a roustabout in the West, moved around the country as a geological scout and engineer, rose to become a senior vice president of New York's First National City Bank (in charge of oil matters). He joined Cities Service just six years ago, became president a year later. The ninth biggest...
Harness for Three. Symbolism soon begins to snowball: the mime helps a weary roustabout water his elephants, sits in for a Negro in an "African Dip" show while a wicked white man throws baseballs at him, rescues a pretty girl from an evil magician. He and his followers (the elephant man, the Negro, the girl) break up the act of Magnus and his Living Marionettes by entering the tent to brush the shoes of all the children in the audience. The Living Marionettes are hauled down from their harnesses; Magnus is furious...
...Gulf Chairman William K. Whiteford, 62, a rugged, casual oilman who started out as an Oklahoma roustabout, Spencer seemed ideally suited to become a Gulf subsidiary. Spencer's President John C. Denton, 44, was just as eager to accept Gulf's offer. He felt a need for more expansion capital to meet sharpening competition, especially in the plastic lines Spencer also makes. Spencer received several other suitors before settling on Gulf. Mrs. Helen Spencer, the largest shareholder, with 14% of the 3,000,000 outstanding shares, particularly liked what she felt was Gulf's "empathy" toward...
...South West Africa last week, an ungainly craft went about its unlikely work-sucking diamonds, along with tons of silt and rock, from the sea bottom. Barge 77, the world's only floating diamond mine, is the brainchild of Texan Sammy Collins, 48, a stocky, onetime oilfield roustabout who amassed a fortune in the exacting business of laying underwater pipeline. Intrigued by diamonds during an African engineering job, Collins went underseas prospecting in 1961 despite geologists' warnings that he was wasting his time and money, risked $6,000,000 to back his venture. Says Sammy, who still periodically...