Steve Coll is most recently the author of the New York Times bestseller The Bin Ladens. He is the president of the New America Foundation, a nonpartisan public policy institute headquartered in Washington, D.C., and a staff writer for The New Yorker. Previously heworked for twenty years at The Washington Post, where he received a Pulitzer Prize for explanatory journalism in 1990. He is the author of six other books, including the Pulitzer Prize-winning bestseller Ghost Wars.
Winner of the Financial Times and Goldman Sachs Business Book of the Year Award 2012
An “extraordinary” and “monumental” expose of Big Oil from two-time Pulitzer Prize winner Steve Coll (The Washington Post)
In Private Empire Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power. ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. 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 almost any other corporation. Yet despite its outsized influence, it is a black box.
Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe, moving from Moscow, to 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 narrative 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 regulation.. This position proved difficult to maintain in the face of new science and political change and Raymond...