Word: arcos
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...presided over much of the pandemonium, RCA Chairman Edgar Griffiths, 59, is himself leaving, effective July 1. The announcement of Griffiths' departure took place during another painfully familiar management and public relations muddle. Griffiths' successor will be Atlantic Richfield (Arco) President Thornton Bradshaw, 63, an outside director on RCA's board since...
...early January, according to one board member, the committee had settled on one of its own, Arco President Bradshaw, an urbane intellectual who had demonstrated organizational and management talent during his 16 years' tenure as chief operating officer of the energy company. In that period, Arco earnings rose from $40 million to $1.65 billion. Having been an RCA board member for the past nine years, Bradshaw was as familiar as anyone outside the firm could be with both the company's problems and potential. Moreover, he had also long since groomed his own successor at Arco, and thus...
...hold some 50% of the nation's recoverable coal, with Montana and Wyoming containing the richest reserves. Wyoming alone has eight times as much low-sulfur coal as West Virginia and Kentucky combined. At the moment, the Powder River Basin straddling Montana and Wyoming attracts the most mining. Arco, Exxon, Sun and Kerr-McGee are already clawing the land, while Shell, Mobil and Peabody are laying plans to share in the basin's 40 billion tons of recoverable coal...
Electric shovels that weigh as much as 3 million lbs. eat into the hillsides while dump trucks carrying 160 tons of coal roar out of the pits 24 hours a day. During the first year of operation in 1977, Arco took 40,000 tons out of its Black Thunder mine. It has now extracted 1 1 million tons, and will take out 20 million tons...
...Mexico and Utah will produce 316 million tons of coal a year, compared with 22 million tons in 1967. After the digging is finished, the whole landscape will have to be rebuilt. "We'll just widen the valley some and drop the hills," says George Larsen of Arco, "and the land will just be 40 feet lower...