Word: houstons
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Dates: during 1980-1989
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...walls seemed to be closing in on their firm, Texaco's DeCrane and Kinnear, along with Lead Attorney Boies and a legion of advisers and secretaries, arrived in Houston on Monday night for their confrontation with Pennzoil. They settled into Lamar Towers, a posh condominium development. On Tuesday afternoon at 1, Liedtke arrived with his corporate and legal staff, including former Pennzoil President Baine Kerr and Lead Attorney Jamail...
Kinnear brought out a typewritten note that outlined what Texaco would be willing to put up for a bond while the case remained on appeal. After two hours of discussion, Liedtke declined the offer. The sides agreed to meet again the following afternoon in a Houston condominium owned by Pennzoil...
...negotiations continued through Thursday. Between meetings with Pennzoil, DeCrane and Kinnear were huddling with their team of advisers, including Boies, Investment Banker Donald Brennan of Morgan Stanley, and Gibson Gayle, a lawyer with the Houston firm of Fulbright & Jaworski. Several members of Texaco's board of directors hastily flew to Houston, among them Robert Beck, former chairman of Prudential Insurance, and Frank Cary, former IBM chairman. Other directors, including Thomas Murphy, chairman of Capital Cities/ABC, went to Texaco's White Plains headquarters to join the talks via conference calls. All week long board members debated whether or not the company...
...company loses a Supreme Court decision that could cost it $10 billion in its epic battle with Pennzoil. As credit starts to dry up, Texaco becomes the largest firm ever to go into Chapter 11. Though its executives and directors fly to Houston for negotiations with Pennzoil, the two sides fail to achieve a settlement...
...Sandra Burton, Mary Cronin, Jennifer Hull, Thomas McCarroll, Jeanne McDowell, Raji Samghabadi Boston: Robert Ajemian, Joelle Attinger, Melissa Ludtke, Lawrence Malkin Chicago: Jack E. White, Barbara Dolan, Lee Griggs, Harry Kelly, J. Madeleine Nash, Elizabeth Taylor Detroit: William J. Mitchell Atlanta: Joseph J. Kane, B. Russell Leavitt, Don Winbush Houston: Richard Woodbury Miami: Marcia Gauger Los Angeles: Dan Goodgame, Jonathan Beaty, Elaine Dutka, Jon D. Hull, Michael Riley, James Willwerth, Denise Worrell San Francisco: Paul A. Witteman, Cristina Garcia...