Word: willametta
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...particularly knowledgeable about petroleum stocks. In 1981, he had enough savvy to sell off energy shares from his portfolio before the oil glut drove down their value. Day, however, still has a huge personal stake in the industry. Through his mother, Willametta Keck Day, he is one of the heirs to the Keck family's holdings in Houston's Superior Oil, a 25% share worth about $5 billion...
Things are just as sticky in other major proxy battles, which sometimes sound like plots from next year's Dallas shows. In Houston, the future of Superior Oil (1982 sales: $2 billion) is being fought over by Howard B. Keck, 69, the founder's son, and Willametta Keck Day, 67, the founder's daughter. Day, who owns 4.5 million of Superior's 127.4 million outstanding shares, wants to set up a committee of outside directors to consider takeover offers for 45% or more of the company's stock, now selling at $35 but valued...
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