Torkild Rieber

Parents

1939 Standard Oil of California had acquired the rights to the Bahrain oilfield in the Persian Gulf and was seeking a partner with market presence in the far east. Rieber made an agreement for joint production with the new California-Texas Oil Company, which also took over Texaco's far eastern market. In 1939, the jointly owned subsidiary returned a total of $12 million to its parents.[14]
1940 Publicity about Captain Rieber's pro-Nazi views began to threaten Texaco's sales.[25] After a stormy meeting in August 1940, the Texaco board of directors forced Rieber to resign.[26] In July 1940, Life Magazine had published a lengthy profile of Rieber.[27] Reporting his resignation in the 26 August 1940 issue, Life portrayed him as an innocent victim whose only errors had been to dine with Westrick and lend him a Texas Co. car.[28]