Word: murchisons
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...Murchison boys on the cover this week join a small and unique society of cover subjects whose parents were on TIME'S cover before them. Texas Millionaire Clint Murchison appeared...
...with Texas businessmen heading for Wall Street to borrow money. The two most notable jet passengers from Dallas to New York last week-flying on separate planes to increase the odds that at least one of them would survive the trip-were bound on a different mission. John Dabney Murchison, 39, and his brother Clinton Williams Murchison Jr., 37, flew to Manhattan not as suppliants but as conquerors. In a coup that outdealt even the feats of their wheeler-dealer father, oil-rich Clint Murchison Sr. (TIME cover, May 24, 1954), the Murchison brothers of Texas had won, almost...
...Allegheny's future. After his business breakfast, Clint Jr., too, showed up at Alleghany to listen in on the intricate briefings on company affairs. Then the brothers headed off for separate tables at "21"-Clint to explore another land deal, John to meet with the president of a Murchison-owned insurance company. In the afternoon, Clint Jr. headed back to Dallas to cover home base; John still had a week's work to do in New York...
...Texas victory was the payoff on a cool gamble in which the odds at first seemed to favor the tough and elegant Kirby, heir of one of the founders of the F. W. Woolworth Co. Last year Kirby maneuvered the Murchison brothers out of control of Investors Diversified Services, the nation's largest (assets: $3 billion) complex of mutual funds, and returned control to Alleghany. Encouraged by their wily father, Oilman Clint Murchison Sr., 66, the young Murchisons replied by opening a fight for mastery of Kirby's Alleghany itself...
From a temporary Manhattan headquarters, staffed with secretaries from Dallas, executives who had been called in from Murchison enterprises all over the U.S. directed the fight with a quartermasterly eye for organization. The U.S. was divided into 80 zones, and dozens of Murchisonians were sent to canvass Alleghany shareholders in each area. An IBM computer kept a running count of the committed proxies; each scrap of paper that might offer a clue to the Murchison's strength or strategy was burned lest it fall into enemy hands. So zealous were Murchison solicitors that even after the final voting began...