COMMENT CHEVRON'S DERR: BEWARE THE CUTTING EDGE

Kenneth T. Derr Chairman and Chief Executive Officer Chevron Corp. San Francisco From an address to the American Legislative Exchange Council's annual conference, Colorado Springs, Colo. Here is the latest message from California: In considering the impact of business regulation upon our state's economy, beware of the cutting edge. For many years California has exported regulatory fashions the way Italy exports shoes. Other states have been receptive customers for laws tailored for

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