'No comment' is no solution

In his Feb. 15 keynote address at Cambridge Energy Research Associates’ annual energy executive conference in Houston, ChevronTexaco Corp. CEO David J. O’Reilly reminisced about a meeting last year with six former CEOs of Chevron Corp. and Texaco Inc., representing 55 years of collective corporate leadership.Naturally, the group discussed changes they’d witnessed-new technology, operating efficiencies, and new emphasis on environmental stewardship, corporate governance, and business transparency. One, said O’Reilly, “remembered more than somewhat fondly, ‘If a reporter called, you could say “no comment” and hang up on him-and get away with i...

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