Word: oilman
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Dates: during 1950-1959
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...Armand Hammer, 59, board chairman of Mutual Broadcasting System, stepped in as president, replacing Paul Roberts, 44. Hammer, an independent oilman, formed the syndicate that bought Mutual from RKO Teleradio Pictures, Inc. last August, installed Roberts, a Los Angeles radio executive, to pull /the money-losing network into the black. While Roberts' big stress on music and news brought MBS to the break-even point, he and Hammer reportedly disagreed on the future plans. Hammer said he would remain president only until he could get someone else...
...letter came from Houston Oilman H. J. (Jack) Porter, 61, hard-riding Republican national committeeman, who wrote 25 influential Texas Republicans on official party stationery, asking them to support a $100-a-plate fund-raising speech from House Republican Leader Joe Martin in Houston. In the letter was a pointed paragraph that punctured the great gas balloon. Excerpts: "Joe Martin . . . has always been a friend of Texas, especially of the oil-and gas-producing industries. He mustered two-thirds of the Republican votes in the House each time the bill was passed ... It will be up to Joe Martin...
...Independent Texas Oilman William R. Goddard, who logs 400 hours annually inspecting his wells, and says: "Time means money, and I try to save...
...other end of the price range stands Piper, now run largely by the three sons of President Bill Piper. A successful oilman who made his stake in the early Pennsylvania fields, Bill Piper Sr. started business in 1929 and, like his colleagues, often wished, as he almost went broke, that "I'd never gotten into this aviation business." Yet today, with three modern versions of its Cub plus its $34,990 twin-engined Apache, Piper is solidly in the black and ready to expand...
...Oilman Jean Paul Getty, 64, not shirking his new fame as the wealthiest (at least $700 million) U.S. citizen, reviewed some recently accrued slings and arrows from his outrageous fortune as publicized by FORTUNE. At a private audience in London's Ritz Hotel, Getty told the New York Herald Tribune's Correspondent Art Buchwald: "The news about being the richest man in America came to me as a surprise. My bankers kept telling me for the last ten years that it was so, but I was hoping I wouldn't be found out. [Now] it looks like...