Word: texan
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...through every Phillips 66 station in town. In Bartlesville, Okla., last week, there was good reason for jubilation. Phillips Petroleum, the eighth largest U.S. oil producer, had succeeded in stopping New Yorker Carl Icahn's bid to take over the company after earlier beating back a similar attempt by Texan T. Boone Pickens. A three-month siege by corporate raiders had ended, and worries for the future were replaced by good feelings. "Hallelujah!" declared Joe Seward, general manager of Martin's department stores. "This town is three feet off the ground." Chamber of Commerce Director Sam Cartwright was ecstatic...
...occurs in Hell, the program informs us; yet, the skyline seen through the picture windows is suspiciously familiar, as is the interior. Shock of recognition, presumably: it is, in fact, an executive office, complete with intercom; and here's the Devil, complete with cigar and sinister Texan accent. Ah, the evils of big business. Ernest begins his meteoric rise to the top as overseer to the Seven Deadly Sins (Norma Lindabl), here a collection of painfully unwitty caricatures: Envy, for instance, wears a Yale sweatshirt. Bring on Lee Lacocca instead and spare us the trouble. Well-prepared...
...maverick Texan was waging war on two major fronts last week. He was acquiring additional stock in California's Unocal (1984 sales: $11.5 billion), the 14th largest U.S. oil company, in which he already owns 16.9 million shares, or 9.6%. Meanwhile, shareholders of Phillips Petroleum, which tangled with Pickens in 1984, met in Bartlesville, Okla., to vote on a plan that would give Pickens and his partners an $89 million profit on an aborted takeover battle. Rejection of the plan would open the way for Rival Raider Carl Icahn to continue his pursuit of the company. But it could increase...
Critics dismiss Pickens' defense of shareholder interest. Says Harold Hammer, the Gulf executive vice president who directed his company's effort to thwart the Texan: "My only objection to Pickens is the aura he tries to create when he says he is for the small shareholder. That's just a lot of crap." Says Senator Howard Metzenbaum, an Ohio Democrat: "Pickens makes a crusade out of what he's doing because he can make a lot of money." Many critics have labeled Pickens a greenmailer, a charge he hotly denies. The term describes a type of corporate blackmail in which...
Some of the riders stood on their horses, while some could not stand at all. Some did flips off their mounts and into the mud, and nothing broke, a testament to the malleability of young bones. A middle-aged Texan named Dennis Jerkins broke his hand, however. The hand was already in a cast. "The way I broke it the first time," said Jerkins, "was my executive privilege to bang it against my desk. I'm a grain and sod-grass hauler. The way I broke it the second time was I was trying...