Word: oilman
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Dates: during 1980-1989
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...moxie. The firm is handling a $3.5 billion junk-bond offering as part of the $25 billion leveraged buyout of RJR Nabisco. For its share in financing history's largest takeover, Drexel expects to take in $229 million before expenses. Many clients still profess their allegiance. Says raider and oilman Pickens, who relied on Drexel's financing clout to make bids for Gulf Corp. and Phillips Petroleum: "I have the highest regard for Fred Joseph...
...Robert Mosbacher, 61, a cautious Texas oilman and longtime Bush friend and political fund raiser, was tapped as Secretary of Commerce...
WASHINGTON--President-elect George Bush today named Texas oilman Robert Mosbacher secretary of commerce and tapped Carla Hills, the first woman named to a high-level post in the incoming administration, to be special trade representative...
...environment, Dukakis implemented one of the country's strongest toxic waste clean-up programs and fought for safety controls at the Seabrook nuclear power plant. While Dukakis opposed offshore oil drilling, there is little hope that former oilman Bush will. As head of Reagan's task force on Regulatory Relief, Bush led the administration's effort to cut regulations on air polluion, toxic waste and curbing use of lead gasoline...
...rate they are going, the Hunt brothers of Texas may lose so much of their fortune that they will be able to count what remains at the kitchen table. Just eight years ago, Nelson Bunker, 62, William Herbert, 59, and Lamar, 56 -- heirs of the legendary Oilman H.L. Hunt -- commanded a combined net worth of more than $5 billion. Since then their fortune has plummeted to $1 billion or less, and it could keep right on shrinking until they are no longer "big rich," as Texans refer to the truly wealthy. The brothers are fighting a complex and heated battle...