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Private Empire: ExxonMobil and American Power, by Steve Coll
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An “extraordinary” and “monumental” expos� of Big Oil from two-time Pulitzer Prize winner Steve�Coll (The Washington Post)
Includes a profile of current chairman and chief executive of ExxonMobil Rex Tillerson, President-elect Donald Trump's nomination for Secretary of State�
In this, the first hard-hitting examination of ExxonMobil—the largest and most powerful private corporation in the United States—Steve Coll reveals the true extent of its power. Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe—featuring kidnapping cases, civil wars, and high-stakes struggles at the Kremlin—and the narrative is driven by larger-than-life characters, including corporate legend Lee “Iron Ass” Raymond, ExxonMobil’s chief executive until 2005, and current chairman and chief executive Rex Tillerson, President-elect Donald Trump's nomination for Secretary of State. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.
- Sales Rank: #3142996 in Books
- Published on: 2013-05-02
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x 1.18" w x 5.08" l, 1.06 pounds
- Binding: Paperback
From Bookforum
Coll employs language that’s plain, clear, and free of accusation. Though some of the details recounted across the sprawling narrative of Private Empire are outrageous, the reporting is deep and fair. — Coral Davenport
Review
“ExxonMobil has met its match in Coll, an elegant writer and dogged reporter… extraordinary… monumental.”—THE WASHINGTON POST
“Fascinating… Private Empire is a book meticulously prepared as if for trial, a lawyerly accumulation of information that lets the facts speak for themselves… a compelling and elucidatory work.”—BLOOMBERG
“Private Empire is meticulous, multi-angled and valuable… Mr. Coll’s prose sweeps the earth like an Imax camera.”—Dwight Garner, THE NEW YORK TIMES
"ExxonMobil has cut a ruthless path through the Age of Oil. Yet intense secrecy has kept one of the world's largest companies a mystery, until now. Private Empire: ExxonMobil and American Power is a masterful study of Big Oil's biggest player… Coll's in-depth reporting, buttressed by his anecdotal prose, make Private Empire a must-read. Consider Private Empire a sequel of sorts to The Prize, Daniel Yergin's Pulitzer-winning history of the oil industry… Coll's portrait of ExxonMobil is both riveting and appalling… Yet Private Empire is not so much an indictment as a fascinating look into American business and politics. With each chapter as forceful as a New Yorker article, the book abounds in Dickensian characters.”—SAN FRANCISCO CHRONICLE
"Coll makes clear in his magisterial account that Exxon is mighty almost beyond imagining, producing more profit than any American company in the history of profit, the ultimate corporation in 'an era of corporate ascendancy.' This history of its last two decades is therefore a revealing history of our time, a chronicle of the intersection between energy and politics."—Bill McKibben, NEW YORK REVIEW OF BOOKS
"Groundbreaking... Masterful as a corporate portrait, Private Empire gushes with narrative."—AMERICAN PROSPECT
About the Author
STEVE�COLL is most recently the author of the New York Times bestseller Private Empire. He is the president of the New America Foundation, a nonpartisan public policy institute headquartered in Washington, D.C., and a staff writer for the New Yorker. Previously he worked for twenty years at the Washington Post, where he received a Pulitzer Prize for explanatory journalism in 1990. He is the author of six other books, including the Pulitzer Prize-winning bestseller Ghost Wars.
Most helpful customer reviews
9 of 9 people found the following review helpful.
More Timely Than Ever
By michael d. mosettig
As the boss of ExxonMobil gets ready to take over the State Department, this riveting history is more than timely. Big oil,companies always have had their own foreign policies. How will Tillerson's corporate foreign policy morph into Trump's foreign policy? Steve Coll's book gives us the best road map possible.
6 of 6 people found the following review helpful.
Must read for anyone interested in the fascinating world of oil
By Gerrit Middelkoop
Private Empire provides a very interesting view behind the scene of the world's biggest oil company across the decades. It shows the good, the bad and the ugly of the firm and it's leaders against the backdrop of historical events in the (oil) world. Exxon provided and provides great wealth for shareholders, employees and host countries, but also was and partly is silent where host countries commit atrocities, don't respect human rights or misuse the wealth Exxon helps them to extract from oil. The understandable reasoning is that this is not the job of a company. Still, this leads to some bitter outcomes. The book provides for fascinating reading. The only thing missing is a deeper understanding of the motivations of the key players, the CEO's of Exxon. They come off as rather one-dimensional, which may well be true and certainly results from describing the actions of the players through the eyes of an independent observer, but some colour provided by the CEO's would have made the book even more interesting. Still, this is a great book.
17 of 18 people found the following review helpful.
When you are *really* big, who matters to you?
By David Forel
The book is principally about the international doings of ExxonMobil (EM) during the leadership of the current and past CEOs, Lee R. Raymond (CEO of EM from 1998 to 2005) and Rex W. Tillerson (CEO of EM since Dr. Raymond retired at the end of 2005).
The story starts with the Exxon Valdez grounding in Alaska in March 1989 and ends with the Deepwater Horizon blowout in the Gulf of Mexico in April 2010. Starting with the Exxon Valdez is the author's way of introducing employee Lee Raymond. At that time, as President of Exxon (before the merger with Mobil in 1999), Mr Raymond was the lead for addressing the Exxon Valdez problem.
The book ends by discussing the Deepwater Horizon accident because the book has to end and that's a dramatic event, even though EM was no part of the accident.
The book is relentless in reporting how this international company works anywhere it can reasonably make a profit. Another bold point is how EM avoids engagement with the US government whenever it can avoid it, but also courts US diplomatic intervention when EM needs a way smoothed with a foreign power.
Along the way, we are taught that, to be a viable business, to keep the stock value up, an oil/gas company has to constantly look for new places to get oil/gas. This can be done by exploration and drilling, and it can be done by buying a company. We learn to sympathize with the company's quest for oil/gas because there are thousands of employees and retirees who count on EM's success.
This is a good read, a view into the highest level of what a very large company does to survive and flourish.
My take-away thought: Perhaps the most famous quote in the book is from Dr. Raymond: “I’m not a U.S. company, and I don’t make decisions based on what’s good for the U.S." I have always thought of EM as an American company, but Dr. Raymond set me straight. Now I wonder how "American" our other largest companies are (examples: Procter & Gamble, Johnson & Johnson).
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