Word: swearingen
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Dates: during 1950-1959
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Ready to Wait. For Indiana's enterprisers, who are bidding for a choice zone around the capital city of Riyadh, Tariki hiked his opening demand to a 60-40 profit split, also "integrated1' right up to the gas pump. Indiana's President John Eldred Swearingen publicly rejected these terms last week, but was obviously ready to bargain further. Foreign oilmen pointed out that Tariki's deal with the Japanese promised at best small profit in limited markets, and only after years of waiting; Western companies alone, with their tanker fleets, refining facilities and extensive marketing systems...
...Frank Oscar Prior, 62, president since 1955 of Standard Oil Co. (Ind.), was named chairman of the board and chief executive officer to succeed Robert E. Wilson, who retired after 13 years as chairman. A Stanford graduate and onetime oilfield roughneck, Prior will be succeeded by John Eldred Swearingen Jr., 39, executive vice president since 1956. Swearingen, a South Carolinian, went to Standard in 1939 from Carnegie Tech, won a reputation as a top production man, became general manager of Standard's production in 1951, vice president in charge of production in 1954. Prior and Swearingen have worked together...
...SWEARINGEN...
...Swearingen stated that Japanese and Korean Communists held a secreet meeting in Japan early in April 1950. They discussed joint plans for guerilla activity to support the invasion...
...Swearingen said the conference was reported in a Tokyo news bulletin four days before the invasion...