Word: hunts
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Dates: during 1970-1979
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...surprises began a month after H.L. Hunt's death at age 85. When his will was opened, Ray turned out to be executor with full administrative powers over the estate-possibly because H.L. had doted on Ray as the only son of his second marriage. Discord soon developed between Ray and his three older halfbrothers, Bunker, Herbert and Lamar.* If not eccentrics in H.L.'s mold, they are at least wheeler-dealers. Bunker, in particular, has grabbed headlines with gaudy speculations in silver and soybeans. To resolve the conflict, Ray agreed in mid-1975 to split the empire...
...left a hodgepodge of 200-odd entities (companies, trusts, royalty ownerships) that in his last days were slipping, partly because the old man would let no one else make decisions-and made increasingly few himself. Though figures are hard to come by, because the Hunt companies are privately owned, the Hunt family fortune was once estimated at $2 billion. The best estimate of the net worth of Ray's half of the empire today is "in excess of $300 million...
...enough to act fast. We don't have to go through five layers of executives to find a vice president on vacation in the Bahamas to get a decision." One example: when a partner in a North Sea drilling operation off Scotland last year decided to sell out, Hunt Oil purchased his 15% interest. "In the space of one week we bought in and were drilling," boasts Ray. The drills promptly struck a major pool estimated to contain as much as 500 million bbl. Says one crusty Texas oilman: "Dammit, he's got his father's luck...
...last name." He lives in an unpretentious upper-middle-class house in North Dallas with his wife Nancy, who was a classmate at Southern Methodist University, and their four children, and drives a five-year-old Buick. Friends describe him as earnest and rather dull at parties. Politically, Hunt calls himself moderate, and by family standards he is. He has supported conservative candidates, but talks of the need for business and government to work together, a view that would have been anathema to his father...
...elevator and the last one walking down the hall. But I'm not sure he can twist arms or kick butts like he'll have to in order to run a good business." Be that as it may, it is surprising for a Hunt to be suspected of being too nice...