Word: roldan
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Dates: during 1960-1969
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Four years ago, President Adolfo Lopez Mateos sacked the politicians in control of Pemex and named a new boss: Pascual Gutierrez Roldan, 60, a successful Monterrey steelman. Gutierrez Roldan got rid of as many old pols and their pals as he could, reduced operating costs and used the money to drill new wells, build refineries and lay extensive pipelines. He then went after the foreign capital that he needed, hitting the money market at just the right time. Postwar reconstruction was well out of the way, and both European and U.S. banks were hunting new investments. Within six months Gutierrez...