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In Private Empire, Steve Coll investigates the notoriously secretive ExxonMobil Corporation, revealing the true extent of its power. ExxonMobil's annual revenues are larger than the economic activity in the great majority of countries, equivalent to the GDP of Norway. In many of the countries where it conducts business, ExxonMobil's sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than any other corporation. Yet despite its outsized influence, it is a black box.
Private Empire begins with the Exxon Valdez accident in 1989 and closes with the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The narrative spans the globe, taking readers to Moscow, impoverished African capitals, Indonesia, and elsewhere in heart-stopping scenes that feature kidnapping cases, civil wars, and high-stakes struggles at the Kremlin. At home, Coll goes inside ExxonMobil's K Street office and corporation headquarters in Irving, Texas, where top executives in the "God Pod" (as employees call it) oversee an extraordinary corporate culture of discipline and secrecy.
The action is driven by larger than life characters, including corporate legend Lee "Iron Ass" Raymond, ExxonMobil's chief executive until 2005. A close friend of Dick Cheney's, Raymond was both the most successful and effective oil executive of his era and an unabashed skeptic about climate change and government in all its aspects. The larger cast includes Raymond's successor, Rex Tillerson, who broke with Raymond and tried to reset ExxonMobil's public image; as well as the countless world leaders, plutocrats, dictators, guerrillas, and corporate scientists who are part of ExxonMobil's colossal story.
The first hard-hitting examination of ExxonMobil, Private Empire is the masterful result of Steve Coll's indefatigable reporting. He draws here on more than four hundred interviews; field reporting from the halls of Congress to the oil-laden swamps of the Niger Delta; more than one thousand pages of previously classified U.S. documents obtained under the Freedom of Information Act; heretofore unexamined court records; and many other sources. A penetrating, news-breaking study, Private Empire will be the definitive portrait of ExxonMobil.
"Starred Review. Leaks, reserves, PACs, hydrofracking, bloated corporate profits and more: all pertinent concerns nicely handled by Coll in this engaging, hard-hitting work." - Kirkus Reviews
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in "The BookBrowse Review" - BookBrowse's membership magazine, and in our weekly "Publishing This Week" newsletter. Publication information is for the USA, and (unless stated otherwise) represents the first print edition. The reviews are necessarily limited to those that were available to us ahead of publication. If you are the publisher or author and feel that they do not properly reflect the range of media opinion now available, send us a message with the mainstream reviews that you would like to see added.
Any "Author Information" displayed below reflects the author's biography at the time this particular book was published.
Steve Coll is the author of the Pulitzer Prize-winning Ghost Wars and the dean of the Graduate School of Journalism at Columbia University, and from 2007 to 2013 was president of the New America Foundation, a public policy institute in Washington, D.C. He is a staff writer for The New Yorker, and previously worked for twenty years at he Washington Post, where he received a Pulitzer Prize for explanatory journalism in 1990. He is the author of seven other books, including On the Grand Trunk Road, The Bin Ladens, Private Empire, and Directorate S.
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