Richmond leaders want Chevron to pay ...

Richmond leaders want Chevron to pay college tuition for local high school graduates

There are 7 comments on the Inside Bay Area story from May 29, 2013, titled Richmond leaders want Chevron to pay college tuition for local high school graduates. In it, Inside Bay Area reports that:

A full-tuition college scholarship for anyone who graduates from a public school in Richmond, paid for by Chevron Corp.? That's what at least two city councilmen want, and they've publicly proposed that it should be part of a settlement package stemming from this past summer's fire at Chevron's Richmond refinery that sent more than 15,000 residents ... (more)

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Since: Aug 08

Location hidden

#1 May 30, 2013
"Butt said his idea is modeled after a scholarship fund run by Murphy Oil Co. in El Dorado, Ark. The company provides a full-tuition scholarship to any Arkansas university for a graduating senior in El Dorado, or an equivalent amount to go to an out-of-state school, he said. "
typical

Grand Prairie, TX

#2 May 30, 2013
I wonder if Murphy will get royalties from Chevron for using their idea. We know they won't, but just a thought.
well

Chicago, IL

#3 May 30, 2013
Did Murphy pay royalties to the people in Kalamazoo who came up with the idea originally?
actually

Little Rock, AR

#4 May 30, 2013
well wrote:
Did Murphy pay royalties to the people in Kalamazoo who came up with the idea originally?
The people of Kalamazoo didn't come up with the idea originally. The Stryker family and Derek Jeter, along a list of other private donors, initiated it through private funds, funneled through the local government. However, Murphy Oil was the first publicly-traded company to ever fund it through the corporate sector.
Vincennes

Spring, TX

#5 Jun 26, 2013
I personally don't see how a publicly traded company can fund a scholarship program of the magnitude of the one in El Dorado. It takes away from the bottom line with questionable if any returns.
typical

Mount Vernon, AR

#6 Jun 28, 2013
Vincennes wrote:
I personally don't see how a publicly traded company can fund a scholarship program of the magnitude of the one in El Dorado. It takes away from the bottom line with questionable if any returns.
Because its not paid for from corporate earnings. It is paid by an established trust, with the interest used to finance the scholarships. The principle remains untouched. As the old saying goes, "it takes money to make money."
All The Same

El Dorado, AR

#7 Jun 28, 2013
ALL theFag. Watch the HOMO GO. fkingIdiot.

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