Word: arcos
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...July 25, a special task force of the Federal Energy Administration reported that ARCO and the 14 other largest refiners might have over-charged American consumers by billions of dollars. Investigations are still ongoing...
...month later, the state of Washington charged ARCO and 9 other firms with conspiring to restrain trade in most areas of the crude and refined oil business...
...basement facility used by only a few graduate students. This quiet commemoration of a million-dollar contribution provoked a vehement student reaction which needs no recounting here. On the other hand the Kennedy School accepted a like sum from a major oil company with great fanfare. It proclaimed the ARCO Public Affairs Forum the focal point of the new building. Every speech, debate, reception or symposium has been heralded by a series of posters and newspaper notices emphasizing the capitalized ARCO name. But this has not moved students to question its propriety. The Forum stands untouched by the controversy embroiling...
...response seems all the more surprising considering how unprecedented the naming of the forum is. The Engelhard Library is part of a long tradition of purifying dirty money by honoring the former owner after his death. But there is no tradition of naming Harvard buildings for living corporations. ARCO is apparently the first brand name used for a Harvard institution. Yet the Kennedy School did not look into precedents or weigh the implications of such a policy departure. Since every announcement of a Forum event is also an advertisement for ARCO, the implications are far-reaching...
...reaching is also the term for ARCO's economic power. With annual revenues in 1977 topping $11 billion, and a net profit before taxes of close to a billion dollars, the Atlantic Richfield Company is one of the nation's largest oil firms. In 1977, it acquired the Anaconda Company, a leading mineral producer. Today ARCO's interests extend to copper, aluminum, coal, uranium, a few solar and geothermal energy operations, and even a London newspaper, The Observer...