Business Movers

Exxon in Crisis | The Accident | 1

Dec 8, 2022
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ANECDOTE

Key Mistake Led to Shipwreck

  • Captain Joe Hazelwood left the bridge of Exxon Valdez to complete paperwork, leaving the third mate in charge.
  • The ship failed to turn in time and ran aground on Bligh Reef, causing a massive oil spill.
INSIGHT

Exxon’s Cost-Cutting Culture

  • Exxon was a massive, vertically integrated oil giant with global reach and huge profits in the 1980s.
  • Despite this, its corporate culture prioritized cost-cutting and compromised safety and environmental responsibility.
ANECDOTE

Captain Hazelwood’s Drinking Problem

  • Joe Hazelwood struggled with alcoholism, having been arrested for drunk driving twice but was allowed to continue working by Exxon.
  • His drinking was an open secret among colleagues but was tolerated due to his sailing skills.
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