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The Full Story of the Most Spectacular and Catastrophic Takeover of All Time
Steve Coll
ISBN: 9780044403302
Format: Paperback
Publisher:HarperCollins Publishers
Edition: New edition
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This is the history of a business takeover that proved bitter and controversial. Penzoil Oil bought out the Getty oil empire, but both parties underestimated the determination of the Chairman of Getty Oil, Sidney Peterson, not to let the company go without a fight.
This is the story of one of the most bitter and controversial takeover struggle in business history. It was a drama that consistently made headlines, considerably enlarged two already enormous personal fortunes, signalled the end of one of America's great family empires and put one of the USA's largest corporations into the bankruptcy court. When Gordon Getty offered his family's stock to John McKinley of Texaco for a price even higher than that offered just two days earlier by J. Hugh Liedtke of Pennzoil, it looked as if everyone except Pennzoil, had won. But a Texas jury, in a record breaking $11.3 billion judgement, awarded damages to Pennzoil; Texaco filed for bankruptcy, the largest company ever to file for such protection. How these players, and other - free-wheeling Wall Street lawyers and investment bankers, ambitious Texas oilmen, and corporate executives emboldened by golden parachutes - came together to put Texaco in its current straits, is recounted.
| ISBN | 0044403305 | | DEWEY edition | DC19 | | ISBN13 | 9780044403302
(What's this?) | | Pages | 552 | | Publisher | HarperCollins Publishers | | Weight (grammes) | 432 | | Imprint | HarperCollins Publishers Ltd | | Published in | London | | Format | Paperback | | Height (mm) | 197 | | Publication date | 21 Sep 1989 | | Width (mm) | 129 | | Library of Congress | HD2785 | | Academic level | General | | DEWEY | 338.830973 | |
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An embarrassment of riches; in play; when the fat lady sings; jury of their peers.
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