CBS’ breaking news
By The Arkansas Democrat-Gazette
Thursday, June 19, 2008
LITTLE ROCK — WE’VE HEARD it asked so often over the years that the question has started to irk: Why would Murphy Oil, an $18-billion company, stay in little ol’ El Dorado, South Arkansas, and not follow the rest of the oil industry to Houston and parts beyond?
The answer: Murphy Oil isn’t your average big oil company. Any more than Wal-Mart, another big outfit in a small Arkansas town, is your average retailer. Murphy Oil has that rarest of corporate virtues in this age of outsourcing-hometown loyalty. The same kind that keeps a little ol’ investor like Warren Buffet in his hometown of Omaha, Neb.
Folks watching the evening news Monday could have picked up some insight into just how devoted Murphy is to its home town. Because CBS was reporting on the El Dorado Promise.
You probably know all about the Promise-most folks in Arkansas do-and how Murphy Oil has set aside $50 million to help students in El Dorado, Ark., pay for college.
The results are already flowing in. Among them, people from all over are moving to El Dorado to enroll their children in the local schools; local property values are going up; voters approved a property-tax increase to build a new high school . . . and so happily on. All thanks to Murphy Oil and its chief executive, Claiborne Deming.
It’s good to see CBS discovering, and reporting, what folks in El Dorado and Arkansas already know.
It’s the kind of recognition that this small, wonderfully educational state could use, and that Murphy Oil certainly deserves.
Editorial, Pages 14 on 06/19/2008
Copyright © 2008, Arkansas Democrat-Gazette, Inc.
All rights reserved.
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