Word: texans
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...biggest reporting problem Ungeheuer had was holding back the flow of Pickens' Texas yarns, usually told with full sound effects and gestures. "To Pickens a question was like a match put to tinder," Ungeheuer says. "Asking about a financial arrangement would elicit an anecdote about a nouveau riche Texan and his interior decorator, and then other stories. It was hard to lead the conversation back to the answers I needed." Ungeheuer's dispatches, anecdotes and all, went to Associate Editor John Greenwald, who wrote the cover story with assistance from Reporter-Researchers Lawrence Mondi and Richard Bruns...
...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...
Baker's switch to Treasury is much less risky and seems destined to have less impact on the Reagan presidency than Regan's move to the White House. The Texan arrives with scarcely any background in his new field--he was an Under Secretary of Commerce in the Ford Administration--but his confirmation ) hearings should prove a breeze. He relies heavily on his astute aide, Darman, who will be the second-ranking officer at Treasury. While deficit reduction remains the top priority on the agenda of both the Administration and Congress, Baker sees genuine historical opportunity in responding...
...role in persuading Congress to pass the President's controversial budget and tax acts. That same year he helped win support for the sale of AWACS planes to Saudi Arabia. He was instrumental in grinding out a compromise on Social Security cuts with congressional Democrats. But the silver-haired Texan outdid himself last year when he managed to oversee the day-to-day operations of the White House while simultaneously helping run the Reagan re-election campaign. Baker cites the "49-state win for the President" as his proudest accomplishment. "I've never denied that I like the game," Baker...
...extraordinary specter is haunting the leaders of some of America's largest corporations. The specter is a Texan--a very rich and wily one. His name is T. (for Thomas) Boone Pickens Jr. The danger executives see is that he may be out to buy their company, and when Pickens attacks, his prey rarely escapes unscathed. Indeed, a remarkable run of successes has made T. Boone Pickens, 56, president of Amarillo-based Mesa Petroleum, probably the most feared corporate raider on the business scene today...