Word: halliburton
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...JACK HALLIBURTON Los Angeles...
Though few Easterners know of it, Halliburton Co. of Dallas is a potent force in Southwestern business. Founded in 1921, Halliburton started out cementing oil wells, eventually branched into production of everything from transformer equipment to pneumatic handling gear for bulk materials. With 9,000 employees in 27 countries, Halliburton last year earned $16,780,000 on sales of $193,500,000. Last week, in a move calculated to thrust his company into the top echelon of U.S. corporations, Halliburton's President Loren B. Meaders (pronounced Medders), 55, announced that he was negotiating to buy Houston's Brown...
Meaders has yet to work out a final sales price with George Brown, Herman's brother and successor as head of the family. But once terms are agreed upon, Halliburton will acquire the 95% of Brown & Root's stock now held by the Brown Foundation, a tax-and-charity arrangement. For the Brown family, the sale has double appeal: the Brown Foundation will be able to diversify its investments, and George Brown will stay on as president of Brown & Root. For Halliburton, the purchase is primarily a way of hedging its bets. Said Halliburton Vice President John Harbin...
Four years later, after borrowing some film footage from Colonel John Craig, a latter-day Richard Halliburton, Douglas sold a series of adventure shows. Since then, I Search for Adventure has found pay dirt in everything from elephant hunts to mountain climbing. Douglas followed up with Golden Voyage, an unashamed imitation of old-fashioned movie travelogues, then tried an underwater series called Kingdom of the Sea. By 1956, when he started Bold Journey, another version of Search, Douglas was one of the best markets a traveling movie photographer could find. His own camera crews ranged the world, reporting...
High Adventure with Lowell Thomas (CBS, 8-9 p.m.). The modern Halliburton's latest 3,500-mile safari from the Bahrein Islands to Zanzibar with son and camera...