Word: murchisons
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...Richardson drove into town in a block-long Cadillac. "When I left," he says, "all those guys sitting on those benches around the square jumped up and followed me right out of town." Leader of the new Athenians, by general agreement, is Richardson's old crony, Clinton Williams Murchison, 59, a financial genius who, according to affectionate legend, can add $1 and $1 and get $11 million. A solid little bundle of energy (5 ft. 6 in., 175 Ibs.) with horn-rimmed glasses, twinkling blue eyes and a putty blob of a nose, Murchison (pronounced Murkison) is the first...
Pirate's Treasure. Murchison has built up an empire of 48 companies, with 50,000 employees and an estimated $350 million in assets-not to mention scores of lesser investments. The companies stretch from Canada to Mexico, from coast to coast, and are as varied as a pirate's treasure (see map). No sooner has he bought a ship line than he wants a railroad, no sooner a candy company than he gets a grocery. Murchison juggles multimillion-dollar deals with the unconcern of a racetrack teller counting $2 bills. In Texas, where such a man is admiringly...
...past few months Murchison and Richardson have hit the nation's front pages by trying to help their fellow Texan, Robert R. Young, catch an iron horse-the $2.7 billion New York Central Railroad. The Central deal started with a long-distance phone call last March. Young, an ambitious dreamer who has exchanged Texas roughness for Newport's semi-suavity, had run into trouble in his campaign to win the Central. From Palm Beach, he called Murchison and said, "I need some help." Murchison called Richardson in California and said, "I need some help." Richardson took the call...
Well-Hedged. Murchison and Richardson jumped at the deal, because they know that Bob Young is an expert at parlaying shoestrings into golden chains. Early this year Young sold Murchison a 24% interest in his huge Investors Diversified Services, Inc., whose three subsidiaries sell savings certificates and other securities (TIME, Sept. 15, 1952). Murchison's $5,000,000 investment is already worth more than...
...most of the headlines, other spring proxy wars were
bubbling.