Oral History Interview with Stephen E. Van Nostrand, April 20, 1987 Page: 76
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76
Marcello:
Van Nostrand:
Marcello:
Van Nostrand:detailed study of aspects that I wasn't concerned with but
that he was interested in. So he comes well-equipped. But
there's an experience gap between our chief executive officer
now and the cadre of experienced people he should have be-
tween Ray and the field organization. As I said, I think it's
fortunate that we don't have the expansions going on, the
requirements for money, the requirements for this, that, and
the other, that we used to have to pace, and pace very carefully
and very closely, in the old days. I don't think we could
fully staff it, quite frankly.
The Japan operation is a very mature operation now compared
to what it was when either Voss or you were there.
Definitely. I think it was a very lucky thing for Caltex in
the early days that things fell into place the way they did,
so far as people are concerned. It took local knowledge and
understanding. It was a period when it required every single
bit of both that you could muster. We really attained
tremendous movement of crude, which was the Caltex high
priority.
You'd certainly have to give me a ballpark figure on this,
I'm sure, but what percentage of Caltex profits might have
come from Japan? Would you have any way of knowing that or
guessing at it?
No. Caltex, being a wholly-owned corporation of two
competing partners, doesn't publish a balance sheet or
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Marcello, Ronald E. & Van Nostrand, Stephen E. Oral History Interview with Stephen E. Van Nostrand, April 20, 1987, book, April 20, 1987; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metadc306889/m1/78/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Oral History Program.