Word: mobile
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Dates: during 1980-1989
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Some firms are literally calling in the dogs. Canine detectives, trained to recognize the smell of marijuana and other drugs, have nosed around offshore oil platforms owned by Pennzoil, Mobil and Exxon. Atlanta's Alpha Academy of Dog Training supplies drug-sniffing German shepherds, springer spaniels and golden retrievers to corporate clients and law-enforcement agencies...
When the big lobbying guns line up on opposite sides of an issue, they tend to cancel each other out. Threatened with a takeover by Mobil Oil in 1981, Marathon Oil hired Tommy Boggs' firm to push a congressional bill that would block the merger. The firm managed to get the bill through the House by using a little-known procedural rule at a late-night session. In the Senate, however, Mobil--represented by former Carter Aide Stuart Eizenstat--was able to stop the bill when Senator Howell Heflin of Alabama blocked consideration on the Senate floor. Heflin...
...Unocal posted a loss of $134.7 million for the fourth quarter of 1985. The company was hurt last year by the cost of fighting off Corporate Raider T. Boone Pickens and by its money-losing oil-shale plant in Colorado. While several big oil companies, including Exxon, Chevron and Mobil, showed earnings gains in the past quarter, most petroleum experts see a lean future. Says Constantine Fliakos, who follows the industry for Merrill Lynch: "The last good news in the oil patch was the fourth-quarter results. We'll have to wait quite a while to hear anything like...
...American," former Mobil President William P. Tavoulareas declares in his new book, Fighting Back, as he partakes of an old American pastime, attacking enemies in print. Fighting Back, to be published by Simon & Schuster in February, is a stinging critique of the Washington Post, which in 1979 published articles accusing Tavoulareas of using Mobil funds to help set up his son Peter in the shipping business. Tavoulareas sued the paper for libel and won a $2.1 million jury judgment. The ruling was later reversed and then reinstated. That decision was put aside when the U.S. Court of Appeals in Washington...
...Mobil's story celebrates the success of the forces of good in South Africa. It urges Americans to reject the forces of ignorance, which seek to negate the charity of international corporations. Mobil seems a bit worried about the outcome of this struggle, but I believe without cause. American investors (including Harvard) grasp Mobil's point and, as usual, will remain on the side of right. Fear not, Mobil; we would never desert you in this, your time of need...