Business: Superior Seduction

Mobil sues to protect secrets

In the bruisingly competitive oil industry, raiding a competitor's talent is a common tactic—but there are limits. Mobil Oil Corp. has charged that pesky Superior Oil has gone too far. In suits filed in Houston and in Calgary, Alberta, Mobil accuses Superior of luring away no fewer than 32 exploration and production experts to acquire top technical secrets. Mobil wants the courts to enjoin the defectors from spilling the beans and to force Superior to pay damages for any information already obtained.

It might seem a case of Goliath accusing David of dirty tricks: in 1976, Mobil's revenues...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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