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The Art of Corporate Success: The Story of Schlumberger by Ken Auletta

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2

JEAN RIBOUD: THE EARLY YEARS

Even though Schlumberger is a competitive company devoted to ever-higher profits, over the years its executives have shown a predilection for the politics of the left. Paul Schlumberger urged his sons to share the profits of their company with employees. He financed his sons only on the condition that “the interests of scientific research take precedence over financial ones.” Conrad was a pacifist and a romantic socialist until Stalin’s Russia disillusioned him. René Seydoux, the husband of Marcel’s daughter Geneviève, who ran Schlumberger’s European wireline operations, and to whom Riboud reported after Marcel’s death, in 1953, was an ardent and active supporter of the French Socialist Party. Jean de Ménil, who ...

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