Word: arcos
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DIED. William Keeler, 53, president of the ARCO Oil & Gas Co., a major subsidiary of the $24 billion Atlantic Richfield Co.; of wounds received when he and his wife were shotgunned to death by their son David, 14; in Dallas. Police speculated that David, an honor student at the exclusive St. Mark's School of Texas, may have killed his parents during a quarrel over his expulsion from an amusement park the previous day on suspicion of shoplifting...
...Brad" Bradshaw, who had been president of Atlantic Richfield (Arco) oil company for 16 years before replacing Edgar Griffiths at the helm of RCA, is known as the Mountie of American corporate chiefs: he always gets his man. This spring he was headhunting for a successor to Silverman. In May he had lunch with Tinker, whom he had never met, at Perino's in Los Angeles. "My impression was that Bradshaw was just doing his homework for his new job, getting the feel of the medium," Tinker recalled as he relaxed last week...
...addressing the shareholder resolutions at Exxon and ARCO the Corporation states that, in view of the ACSR's vote--five for, one against and four abstaining--"We have decided to abstain on this issue in order to give the ACSR an opportunity to continue its deliberations on this subject...
...ACSR also approved resolution by stockholders in the Atlantic Richfield company and the Exxon Corporation requesting an end to the companies' expansion in Chile. Harvard owns about $33 and $54 million in ARCO and Exxon stock, respectively...
...Stanford law professor, strongly hinted that he would not meddle in such deals as Standard Oil of California's $4 billion bid to buy Amax, a producer of molybdenum and specialty metals, Standard Oil of Ohio's decision to buy Kennecott Copper for $1.8 billion, or Arco's purchase in 1977 of the Anaconda Co. The mere mention of such mergers between natural-resource giants would have set an oldtime trust-buster's blood boiling, and even Baxter conceded that his agency would act if the combinations turned out to be blatantly anticompetitive. But then...