Word: murchison
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Dates: during 1960-1969
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Died. Clint Murchison Sr., 74, epitome of the Texas wheeler-dealer and one of the world's wealthiest men; of a heart attack; in Athens, Texas. Murchison went into wildcat drilling in his 20s, borrowing and trading for new wells ("financing by finaglin'," he called it), and soon was bringing in wells at a rate of 40 a year. By 1925, at age 30, he was worth $5,000,000, and he had hardly started. Leaping from venture to venture, merging and consolidating, he expanded into railroads, buslines and publishing until at one point he was said...
Remember Judge Roy Hofheinz? He's Houston's one-man answer to P.T. Barnum, William Zeckendorf and Clint Murchison-the developer extraordinary whose projects always seem to start with a thud, then prosper with a vengeance. His Astrodome, for example. Hailed as "the Eighth Wonder of the World," the air-conditioned stadium began with a clear plastic roof. Baseball players lost fly balls in the glare, so the dome was painted. Then sunlight could not reach the grass, which withered, so artificial turf was laid down. Now everybody is happy...
...been a top tactician, first for the late Robert Young, more recently for Financier Allan P. Kirby, in seemingly endless court squabbles with stockholders, in bitter battles for the control of railroads (the New York Central, the Missouri Pacific) and in savage proxy fights for Alleghany itself (with the Murchison brothers of Dallas...
After Young committed suicide in 1958, Ireland became Kirby's chief lieutenant. The day after Kirby lost control of Alleghany to the Murchison brothers in the famed proxy "battle of the century" (TIME cover, June 16, 1961), Ireland got his orders. Said Kirby to Ireland, who was to direct the successful 21 year counterattack: "If you win, you'll be known as that brilliant young company president. But if you lose, you'll just be a middle-aged man looking for a job." Scouring the country, Ireland eventually came up with enough stockholding allies to let Kirby regain control from...
Born. To Lord Rothermere, 69, Fleet Street press lord (London Daily Mail, Evening News, Daily Sketch), and Lady Rothermere, 36, Texas heiress and niece of Dallas Oil Magnate Clint Murchison: their first child (he has a son, heir to the peerage, and two daughters by his first marriage; she has six sons by her prior marriage), a boy; in London. Name: Esmond Vyvyan...