By T. Boone Pickens Jr.
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Pickens, in case an individual must bereminded, is the self sustaining Texas oil manufacturer and financier who now not some time past engineered, in his phrases, "the greatest company merger of all time"the Gulf Oil "deal" that elevated Gulf inventory costs to the large revenue of shareholders (including Pickens) whereas obliterating the enormous company itself. This memoir provides an inside of, frequently eyebrow-raising examine the workings of the oil as Pickens progresses from a hardscrabble, Texas Panhandle lifestyles to small-scale oil good wild-catting with financing challenging to come back via; local and nationwide luck along with his Mesa Petroleum Co.; dicy North Sea exploration in the course of the OPEC oil "shortage"; constrained reputation via industrial-establishment executives at hunting-lodge conclaves; the Gulf set-to and different, much less wonderful offers. "The entrepreneurial spirit," says Boone, "is rooted within the wish to make money."
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I immediately became the enemy in the company's eyes. A draftsman was sent to check my map rack, to make sure none of the maps were missing. ' But it hurt a little that they were suspicious; after all, I had been a loyal employee for three years, five months, and site work. I sitting in the office, but I " twenty-one days. want your car keys and credit card, the division geologist said. But the division manager made an exception for the unemployed person I had become, and he let me use the car to take my things home.
I was already uneasy about playing hooky. And $300 was a lot of money. " We had good seats for the game. In the first five minutes, TCU's great end, Don Looney, made a circus catch in the end zone, and we were down six points. I thought. Oh, God. We re a couple of calls in Dallas ": ; gonna lose $300. Dad " Well, after safety fielded for a "The game's just getting started. an exchange it was TCU's turn to punt, and A&M's said calmly, it right in front of us. He streaked down the sideline touchdown.
After only three treasury. were they giving their young executive some real schooling. McCartt and O'Brien now owned a majority of the stock, and if any dispute arose among the three of us, they had the controlBoy, ling vote. I might have been only twenty-seven years something about the my oil business and I I knew had to get part of the com- old, had incentive.