Word: programing
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Dates: during 1980-1989
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...energy program based on less direction from Washington
Even before the Reagan Administration's program was announced, its policy of less Government involvement in energy was clear. Since January, the Administration has scrapped virtually all remaining vestiges of gasoline and crude oil price controls, chopped $3 billion from the fiscal 1982 Energy Department budget, scaled back conservation and solar research programs, and sharply curtailed investment in synthetic-fuel projects. Reagan Administration officials admit that under such a free market energy program, fuel prices will rise until they reach world levels. But they maintain that the payoff will be more conservation of precious fuel, higher domestic energy production...
...years. Executives marked for promotion can receive stock options worth as much as $500,000-without investing a penny of their own-that are fully redeemed by the company in six years. Some top employees may also receive shares in a company-sponsored oil-well-drilling program. In fact, working at Mitchell has become so profitable that many employees would not even consider leaving...
...booming Silicon Valley, the center of the computer and genetic-engineering industries, companies actively raid each other's employment rolls. Says Art Young, corporate benefits manager of Hewlett Packard, the electronics firm: "Everyone's concerned about losing people." Hewlett Packard's answer is a program that puts 10% or so of its pretax profits into a long-term profit-sharing plan that pays out fully to workers only after they are on the job for 13 years...
...last year in East Meadow, N.Y. Chevron agreed to pay the afflicted residents more than twice the appraised value for their homes (or about $150,000 apiece). It also consented to pay an estimated $500,000 to cover interim relocation costs. Chevron has announced a $40 million Tank Integrity Program to avoid future mishaps. But for Northglenn residents that is small consolation. "The settlement was fair, but it could never be enough," said one housewife. "I don't believe you'll ever catch me in a Chevron station again...