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An “extraordinary” and “monumental” exposé of Big Oil from two-time Pulitzer Prize winner Steve Coll (The Washington Post)

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. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.

• Sales Rank: #89363 in Books
• Brand: Coll, Steve
• Published on: 2013-05-28
• Released on: 2013-05-28
• Original language: English
• Number of items: 1
• Dimensions: 8.43" h x 1.50" w x 5.45" l, 1.20 pounds
• Binding: Paperback
• 704 pages

Features

• Used Book in Good Condition

Most helpful customer reviews

219 of 231 people found the following review helpful.
You can't put this book down - It just grabs YOU - 5 STARS !!!!!
By Richard of Connecticut
As a reader you can never really explain it, but a truly great author can make anything come alive while others will put you to sleep. Steve Coll is a Pulitzer Prize winner author of Ghost Wars - the Secret History of the CIA, which is another book you just can't put down. Private Empire is special, and the title is so appropriate, a company that has been in business for over a 100 years. It has seen 19 American Presidents come and go, and yet it remains the dominant energy company in the world, and this book covers the whole story.

There is very little devoted to the early history of the company. As we all probably know John D. Rockefeller created the Standard Oil Trust and when it was broken up by the Trust Busters in the early 20th century, one of the spin-offs was the early ancestor to what is now Exxon which eventually combined with Mobil Oil to form ExxonMobil. Rockefeller controlled 14% of the American economy at one point, and oil has remained our dominant energy source ever since.

What a book, what a story for Exxon is the tale of 20th century America and our country's rise to both prominence and dominance in the world both politically and economically. A company so powerful that it considers itself in many ways a state within a state with an internal security force the equivalent of the Secret Service that guards our President. And why not, Exxon has recruited the best of the retired Secret Service agents to develop, install, and maintain a security shield around this company's behavior and its employees.

The book devotes a chapter to the kidnapping and death of Exxon executive Sidney Reso and how CEO Lee Raymond completely revamped the entire company to ensure that it would not happen again. You will learn about the finest private corporate jet fleet in America, and how the Board of Directors mandated that the CEO would never fly a commercial flight again.

It's absolutely absorbing to study in detail how the company after decades in New York moved its corporate headquarters to Dallas Texas and how the building was designed for secrecy with an inner sanctum within an inner sanctum. It was called the God Pod, and the building was called the Death Star after the Star Wars movies.

Lee Raymond proudly proclaims about his competitors, we are Oil - the rest of you are kids. Nothing is left to chance for the dominant oil company in the world. They don't run the company on emotions, they run it on science and principles as the book points out. It is the relentless pursuit of efficiency, another catchphrase employed by the author.

COMPOSITION of the Book

This tome is over 700 pages spread over 28 chapters with extensive use of footnotes. It is separated into two parts, the first 14 chapters or part I is The End of Easy Oil, while Part II is The Risk Cycle which covers 14 additional chapters.

To truly cover the history of Exxon from the beginning, you would need 1500 to 2000 pages, so the author decided to begin with the Exxon Valdez tragedy. In March of 1989, an Exxon oil tanker traveling through Prince Edward Sound went aground and created an environmental and public relations nightmare for Exxon. The story is covered in detail and the book clearly demonstrates how Lee Raymond who would become CEO in the future used the tragedy to essentially completely revamp Exxon's corporate structure and behavior.

The author also wisely decided to use Lee Raymond as the point man or cornerstone of this book. We see Exxon through Raymond's eyes, and as Raymond says in the book, we see governments come and go. This is an acknowledgment that Exxon thinks and plans for decades at a time, not years.

CONCLUSION

Yes, it is all here. If you are into business biographies, this one is tops. If you are into geopolitical power and how corporations interact with governments including their own government this book is an eye-opener. If you want to get a real feel for what it's like for tens of thousands of people to dedicate themselves to the optimal running of a corporation and very little else, this book may turn you on or turn you off.

Exxon is a demanding master for those who serve, and for those who serve willingly, it makes them rich, and materially they want for nothing. Yes the corporation will absorb your soul and ask everything of you. This is all the more interesting when you consider that all the top people in this company seem to be cut from the same cloth meaning the same religious belief systems, basically Southern colleges, and political beliefs - no left wing partisans need to submit a resume. You simply would not pass the background check.

This reader thought the two chapter headings that best describe the Exxon culture were Chapter 4 - Do you really want us as an enemy, and Chapter 17 I pray for Exxon. The best line in the book was a sentence where Exxon's attitude is described as F_ _ _ you - no apologies, oil is here to stay. This is truly a great read. You don't want to miss it, and you will understand much more about oil, lobbyists, how our government works, and energy that you could have ever possibly wanted to know. Get it today.

Richard Stoyeck

47 of 49 people found the following review helpful.
A Nuanced Look at ExxonMobil
By las cosas
A Pulitzer Prize winning New Yorker author writes a vast book about the largest corporation in the United States. You can picture the book, you say. Long on research, including large numbers of interviews with people who refuse to be quoted by name? Yes. Engaging distillation of technical information into a readily understood summary? Yes. Characters and scenes drawn with a cinematic vividness? Yes. Revelations that require the reader to rethink his or her basic understanding of the book's subject? Well no.

I spent most of the book's 700 pages waiting for The Revelation. The Secret. The...well, anything. This is certainly more the fault of my expectations than any deficiency in the book. But it is odd that the author would have spent such a huge amount of time and energy writing such a detailed book about two decades of ExxonMobil corporate history without a central theme. Maybe I have simply read too many books about the oil industry and spend too much of life reading business newspapers and magazines, but the general tale told in this book is very well known. What is less well known is the details of the various strands of the story, and those strands are told with exquisite detail, well supported by copious footnotes, even though many (most?) of the cited interviews fail to name the individuals cited.

The book starts crisply with a factual description of the hours leading to the Exxon Valdez disaster and ends two decades later with BP's Deepwater Horizon fiasco. In between we are given an inside look at the corporate culture and operating environment of ExxonMobil. The book consists almost entirely of dozens of intimate scenes. Retreats where Exxon executives uneasily spend days with environmentalists, descriptions of the compounds in Chad where ExxonMobil contractors and employees are barricaded behind thick walls as government security forces ward off locals wanting everything from jobs to equipment to kidnapping.

The author accomplishes several feats in this book, among those are his ability to stitch together disparate scenes to create a three-dimensional view of the world in which Exxon operates, and to coherently present the issues and personalities in all of their complexities.

While Exxon has three divisions: chemicals, upstream (oil and gas exploration and production) and downstream (refining and the gasoline station companies), the real money, the high returns are in the upstream division. Increasingly, new oil and gas reserves available for "ownership" by private companies like ExxonMobil, are in difficult places. Geologically difficult in places such as the Arctic and politically difficult in places such as Chad and Nigeria. Each of these difficulties is explained by giving us a detailed picture of the people, issues and places in which Exxon has been maneuvering over the last 20 years.

But the real triumph of this book is in the endless subtlety of the issues and people presented. Take Chad for example. Human rights and development advocates have argued for some time that it is inappropriate for a company to simply negotiate for the ownership of a country's natural resources with the ruler of that country. The result is often a country that decades later is in worse shape economically than before the contract was signed. A few individuals surrounding the ruler become obscenely wealthy, but that wealth does nothing for the country as a while. ExxonMobil was old school in this and many other matters. Executives were certain that by universally applying a rigorously developed set of rules set down in binders developed over years in the company's Texas headquarters that problems could be reduced to a minimum. It complied with applicable US and foreign laws, but refused to involve itself in the countries or communities where it did business. It paid government agencies to provide security for its facilities and personnel, but was not particularly concerned about how these forces protected these assets. This rigidity did not necessarily serve the company well, and when it negotiated a large contract with Chad it took a completely new route and required that all revenues be under the control of the World Bank, supposedly assuring that the funds would aid the country as a while, not just the ruling elite. This was not easy to negotiate for ExxonMobil, and the author gives us enough detail to see the interests of the various parties, and the effort required by ExxonMobil to accomplish this more "enlightened" approach to resource contracts. But this experiment failed, failed rather miserably, and you get a sense of why ExxonMobil preferred to keep things simple. Use a single model and keep to it.

The nuances of the book are most clearly at play when the author describes Lee Raymond, the Chairman during most of the time covered by the book. Conservative, short-tempered and unable to suffer fools without disdain, he was notoriously opposed to the very idea that climate change existed, let alone that it was a problem. But the author clearly respects the attention to detail and integrity of Mr. Raymond, and his nuanced and detailed portrayal of him echoes his portrayal of the company. If you are interested in an inside look at the world in which ExxonMobil has operated since the Valdez disaster, this is the book. If, on the other hand, you are looking for an expose, a smoking gun, you will need to keep looking.

63 of 70 people found the following review helpful.
Well Written, Very Interesting
By P. Woodland
This was a door stopper of a book. I haven't had a real hefty book for a bit and it was a real delight to sit and hold a real solid book again. And what a book it was. Starting with the the Exxon Valdez spill and book-ending with the Deepwater Horizon disaster Private Empire details the arrogance that is ExxonMobil.

Mr. Coll's writing style is easy even when explaining oil extraction methods or the geopolitics of oil and natural gas rights. It reads almost like a suspense novel except that it's all true. And that is what makes it so scary. I found myself turning page after page reeling at my naivete. I think I want to go back to being uninformed. It's a happier state of mind.

Mr. Coll's research for the book was quite extensive and the book is heavily footnoted. He conducted over 400 interviews with people great and small and he weaves what they shared together with facts gathered from all over the world to take the reader on a ride from oil fields to the offices of political power in this country and beyond. It was utterly fascinating to get a peak inside the Borg like culture of Exxon. Tow the company line or find another job.

I have not enjoyed a non fiction book this much in a long, long time. I just wish I wasn't so surprised at what I learned.

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• Published on: 2011-01-01
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The 1984 NBA draft is one of the most controversial in NBA history. Teams were losing games very suspiciously during the regular season to enhance their draft position. And who wouldn’t, when the draft featured four future members of the Top 50 NBA Players of All Time team-Hakeem Olajuwon, Charles Barkley, John Stockton, and Michael Jordan. But this draft is most often remembered as the one where Michael Jordan slipped to third and was a reason the lottery system was introduced the next year. How could the experts have been so wrong and, even more astoundingly, how could the Portland Trailblazers, who held the second pick, pass on Jordan and choose the injury-prone Sam Bowie? Filip Bondy sets out to answer that question and many more. Talking to general managers, coaches, and players, Bondy provides the entire back story of the draft: trades that were never made; wrong-headed assessments of players like Charles Barkley and John Stockton, and how Bobby Knight, coach of the 1984 U.S. Olympic team, played a major role in advising certain teams about key players.

• Sales Rank: #1934628 in Books
• Published on: 2007-05-01
• Original language: English
• Number of items: 1
• Dimensions: 1.08" h x 6.27" w x 9.31" l, 1.05 pounds
• Binding: Hardcover
• 300 pages

From Publishers Weekly
Starred Review. It's not the worst mistake in sports history, but it's among the most famous-with the second pick in the 1984 NBA draft, the Portland Trailblazers selected Sam Bowie instead of several future stars, including Michael Jordan. In this tremendously readable book, Bondy tells the full story of that draft, which most experts consider the best ever. Bondy follows six draftees-Bowie, Jordan, Hakeem Olajuwon, Charles Barkley, Sam Perkins, and John Stockton. With commentary from scouts, general managers, coaches, and the players themselves, Bondy draws a portrait of each player, from just before the draft to the present day. Bondy perfectly synthesizes exactly why each player landed where he did, examining prevailing draft philosophies, recent roster blunders and the possibility that teams lost on purpose. While not as revelatory as Michael Lewis' Moneyball (Bondy's post-mortem of Portland's mistake focuses on familiar themes, particularly the fetishism of height), this book is every bit as enjoyable as the baseball bestseller. Bondy delves deeper into the character of Bowie than anyone has before, revealing a likeable man with terrible luck, and gives the reader a sense of how profoundly Jordan, Barkley and Olajuwon reshaped the league. It may not be transcendent enough to breakthrough with non-basketball fans, but anybody with a cursory interest in the game is in for a treat.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist
The 1984 NBA college draft produced Michael Jordan, Akeem Olajuwon, Charles Barkley and John Stockton--all future Hall-of-Famers. Bondy, a New York Daily News columnist, explores the draft and its far-reaching impact with analysis and interviews of the principals--coaches, scouts, and general managers. Rod Thorn, the Chicago Bulls general manager who selected Michael Jordan, reveals that he came close to trading the man who would become the face of the NBA to Houston for a package that included the previous season's rookie of the year, Ralph Sampson. League history would have been a bit different without Chicago's six championships in the 1990s. Bondy also offers a thoughtful portrait of Sam Bowie, the Kentucky center selected by Portland immediately before Jordan. His career was destroyed by injuries, and as a result he's become the poster child for poor draft choices. Also included are profiles of Barkley, Olajuwon, and Stockton as well as some of the next tier of players from the draft. This mother lode of wouldas, couldas, and shouldas will make very entertaining and informative reading for NBA fans. Wes Lukowsky
Copyright © American Library Association. All rights reserved

Review
"A must read... Meticulously researched and a breeze to read." -- CollegeHoops.net, 6/9/07

"A pro basketball fan's dream book, full of insider stories and anecdotes, offering a return to a bygone era." -- Nashville City Paper, 6/13/07

"Cultures, egos and desires clash in this well-researched slice of sports history...Entertaining." -- Pop Matters, Spring 2007

"Fascinating." -- Sports Illustrated, 5/21/07

"If you love the NBA, you won't put this book down...A fascinating story, told true and told well." -- Yahoo! Sports, June 2007

"Savvy overview of a paradigm-shifting moment in basketball, and the legends it created." -- Kirkus, 3/15/07

Most helpful customer reviews

1 of 1 people found the following review helpful.
Very Informative Book
By Eric Lichtenstein
Just think how the basketball landscape would have changed had the Houston Rockets traded Ralph Sampson straight up for Michael Jordan! The Bulls would have done it and were waiting for the Rockets to call but Rockets coach Bill Fitch was in love with the twin towers idea.
The Sixers had a deal in place to trade the aging Dr. J to the Clippers for Terry Cummings but didn't pull the trigger for fear of fan backlash.
Bobby Knight, the dictator that he is, had Michael Jordan in tears during the Olympic tryouts.
Charles Barkley showed up at the 1984 Olympic trials not with the goal of making the team, but rather improving his draft status.
When the tough Soviet team pulled out of the 1984 games Coach Knight cut Charles Barkley because he didn't care for his personality. But had the Soviets stayed in the Olympics Barkley wouldn't have been cut because his superb playing ability would have been needed to beat the Soviets.
Barkley gained 15 pounds within 24 hours to tip the scales at a Sixers predraft weigh in to scare them away from drafting him.
I could go on and on with all the interesting facts brought out in this book.

This book is not just about who was drafted when but more about how things fell into place. Teams with awful records playing hard at the end of the season because they had traded away their lottery pick - upsetting the teams that had traded for these picks. Teams with their lottery picks tanking it at the end of the season in order to get the highest pick possible. This tanking led to the weighted ping pong ball draft ordering system in place today.
It is amazing how many prior drafts and trades came around to help or haunt teams picking in the 1984 draft. For example, if the Rockets had drafted Clyde Drexler in 1983 instead of Rodney McCray the Blazers would have drafted Michael Jordan in 1984 while the Rockets would have had a dynamic duo of Drexler and Olajuwon.
This was an excellent book. I highly recommend it.

0 of 1 people found the following review helpful.
No, The '84 Draft Didnt Change the NBA But ....
By Jeff Bullock
Overall, this was a pretty decent book, especially for someone who's stopped following basketball in the past 20 years. It contains alot of biographical info on Stockton, Jordan, Olajuwon, Perkins, etc. and every once in a while, it's nice to learn that kind of stuff - maybe it should have been titled "The Awesome 1984 NBA Draft," since it introduced alot of prominent players into the league. I remember wondering why Sam Bowie was the second overall pick that year, too, and this book sheds some insight into Stu Inman's thinking and how no one expected Jordan to become the player he did, due to Dean Smith's system at UNC. The book is well worth it at the price it's at now.

10 of 11 people found the following review helpful.
The '84 draft really did change the NBA - Filip Bondy tells you how
By Andy Orrock
It's quite a privilege to be the first amazon.com reviewer to weigh in on Filip Bondy's excellent book about the 1984 NBA Draft, a seminal event in league history in which four sure-fire Hall of Famers were drafted: Hakeem Olajuwon, Michael Jordan, Charles Barkley, and John Stockton. To a lesser extent, the Bondy's book also covers Sam Perkins, another class of '84 draftee whose nice career fell a bit short of Hall standards.

The best part of the story though is Bondy's inclusion of the famous pick #2: Sam Bowie. Famous for the wrong reason because MJ was pick #3. The nice part of the book is Bowie's cooperation with the author. I was very pleased to see and read of his gentle manner, his happiness in life and his "no regrets" look back to his injury-prone career. He seems unperturbed by naysayers who term his pick as "the NBA draft's biggest historic blunder." Because, as Bondy skillfully points out, this is revisionist history. This was 'before Michael was Michael.' Dean Smith kept Jordan's breakout talents well-concealed with the UNC team system. Barkley, speaking in Bowie's defense, says (in typical Barkley hyperbole) "No one but me knew how good Michael was."

Moreover, the prevailing wisdom in the NBA back in those days was that you win with a big man. And, in the draft, given the option between a good big man and a good playmaker, you always went with the big man. Portland, with its reverie of Bill Walton's glory days culminating in the 1977 Association championship, was certainly very susceptible to that thinking...especially with Dr. Jack still at the helm.

That's the reason why Bondy subtitles his book "How the 1984 NBA Draft Changed Basketball Forever." Post-Jordan, there was no longer second-thinking in going for a playmaker if there was even the slightest chance they'd turn into a Jordan. That new mindset generated a new game and rejuvenated the league (vs. the moribund 1970s) which then proceeded to put forth a brilliant product starting in 1984 and ending with the last of MJ's titles in 1998. In between, dominance shifted from Lakers/Celtics, to the Pistons and then to the Bulls (with the Rockets capitalizing on Jordan's two-year 'retirement').

If you're an NBA fan, you've got to have Filip Bondy's book. It's a fantastic read.

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• Sales Rank: #1187100 in Books
• Published on: 2014-10-03
• Original language: English
• Number of items: 1
• Dimensions: 9.50" h x 1.00" w x 6.80" l, 1.60 pounds
• Binding: Paperback
• 406 pages

Review

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About the Author

John Blewitt is the Director of the MSc Social Responsibility and Sustainability, Aston Business School, Aston University, UK.

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