Corporate Donations: Gift of Remembrance

Gift of Remembrance

Many Pittsburgh residents grieved last year when Californiabased Chevron bought Gulf, which made its home in the Pennsylvania city. The purchase wounded Pittsburgh's pride, and stands to cost it more than 2,000 jobs as Chevron shuts offices and shifts employees to other U.S. locations. In all, Pittsburgh Mayor Richard Caliguiri estimates that the Chevron-Gulf merger will result in the loss of nearly $75 million in income for residents of the area.

Chevron last week presented the Pittsburgh community with something in return. The giant oil company (1984 revenues: $27.8 billion) said it will donate the 85-acre Gulf research laboratories in nearby...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!