Word: texaco
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...back into action by getting onto the boards of charities, hospitals or universities. The discreet jockeying for such appointments can be intense. Perhaps the most prestigious board is that of Manhattan's Columbia-Presbyterian Hospital, which includes such former chief executives as American Telephone's Cleo Craig, Texaco's Augustus C. Long, Jersey Standard's Monroe J. Rathbone, and B.B.D.&O.'s Bruce Barton, along with some distinctly unretired figures, such as General Motors' Frederic Donner and U.S. Steel's Roger Blough...
...list of general investments shows that Harvard's most valuable common stock is General Motore; its 275,000 shares -- 133,000 more than last year -- are worth over $26 million. The University also owns sizeable amounts of IBM and Texaco, Inc. ($25 million in each case). Harvard's Wealth-How It's Grown Total Value of Investments 1964-1965: $1,013,751,000 1963-1964: $950,188,000 1954-1955: $444,189,000 Income for the Fiscal Year 1964-1965: $124,416,460 1963-1964: $114,961,529 1954-1955: $42,602,422 Expenses for the Fiscal Year...
Fire Hats & Dinosaurs. The major oil companies are paying dearly to create that difference. Last year, for example, they spent $14 million on 200 million giveaway road maps, more millions for merchandise handed out free or sold at cut rates with the purchase of gasoline. Texaco dealers last year sold 2,000,000 red fire hats with built-in, transistorized loudspeakers for only $3.98, about one-third of the retail price. Sinclair gives away dinosaur-shaped cakes of soap for children, and Pure Oil dealers offer a free car wash with every eight gallons of gasoline, plus wrist watches, movie...
...largest contract, for 80% of the field, went to a syndicate made up of Humble, Shell, Mobil, Texaco and Union Oil, which will pay a 95.56% royalty. Pauley Petroleum got 10% with a bid of 98.277%, and Richfield and Standard of California together scooped off the remaining 10%, including one sector on which they will turn back an unprecedented 100%. The oil companies, which normally pay royalties that range around 50% on the crude that they pump from the ground, will make the money to offset the high royalty payments through profits on the sale of refined products. They will...
Predictions of even better business in 1965 came from the corporate chiefs of General Electric, Standard Oil (New Jersey), Westinghouse, Texaco, Alcoa and General Motors, which announced that its sales and earnings will set new records in 1964. Leaving aside whatever worries the new year may bring, top men in their fields predicted sales rises in 1965 for the appliance industry, the plastics industry, the construction industry and the airlines...