Word: lummises
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The resemblance is eerie, down to the gangling walk, the tight-lipped smile and the soft Texas accent. William R. Lummis, 51, is almost a double for the middle-aged Howard R. Hughes Jr., the eccentric billionaire who died on April 5, 1976, aboard a jet that was flying him...
Ironically, Lummis (pronounced Luhmiss) did not even know Hughes, who lived the last 15 years of his life in seclusion and deprivation. A partner in one of Houston's most prestigious law firms, Andrews, Kurth, Campbell & Jones, Lummis saw his cousin alive only twice, the second time when Lummis...
At his death, Hughes' financial empire was nearly as wasted as his body. His holdings ranged from a major aircraft company and a helicopter manufacturer to casinos in Las Vegas, Reno and the Bahamas, ranches in Nevada, a magazine (Football Today), a television station (Las Vegas' KLAS-TV...
After studying Summa's hard-to-find financial records, Merrill Lynch estimated that between 1970 and 1976 the corporation had lost $131.7 million. The company, for example, spent about $50 million to maintain the legendary Spruce Goose, the huge, 400,000-lb. wooden flying boat with a 320-ft...
Lummis' housecleaning began with the ouster of many old Hughes aides. Using his court-appointed power as sole stockholder, Lummis fired three company directors, including Davis, whom he also dropped as general counsel. Last year Lummis filed a suit against Davis and eleven other former Hughes employees, charging them...