Exxon Valdez Oil Spill
On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the largest in United States history.
Under Allen's guidance, VECO (along with its unionized subsidiary, NORCON) was responsible for large parts of the spill's clean up, hiring 2,500 workers to clean up the environmental disaster. VECO's quick actions are credited with limiting the devastating environmental impact of the Exxon spill.
Following the spill and cleanup, Allen purchased the Anchorage Times from editor/publisher Robert Atwood. Allen operated the newspaper until shutting it down and selling many of its assets to its rival, the Anchorage Daily News, in 1992. Through an agreement described as "unique," Allen paid for space in the editorial section of the ADN for many years afterward to provide a half-page feature known as The Voice of the Times.
Read more about this topic: Bill Allen (corporate CEO)
Famous quotes containing the words oil and/or spill:
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