Exxon in Crisis | The Accident | 1
Business Movers
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Exxon Valdez Oil Spill
In the late 1980s Exxon was one of the largest companies in the world it had grown out of the standard oil empire of John D Rockefeller. Company profits were vast averaging over four and a half billion dollars a year throughout the 1980s. The company's response to the incident would go down in history as an example of what not to do in a crisis. Many felt that with such extraordinary reach there should have been extraordinary responsibility Not just to shareholders But to the places where the company did business.
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