- May 17, 2016
- Intercoastal, 'Murica
I have not read books in quite some time, but this one may tickle my fancy.
What do you all think of how this oil scenario played out? And is it accurate?
Description From Publishers Weekly The financial disarray in which J. Paul Getty's death in 1976 left his family and the Getty Oil Company has led to sibling contention, corporate intrigue, courtroom high drama and, most recently, to an unprecedented $11-billion damage judgment over the Texaco-Pennzoil acquisition. Using "reconstructed dialogue" and suspenseful narrative, Washington Post financial writer Coll spins the story of family trustee Gordon Getty who sows confusion; a beset Getty Oil management; Texas oil-patch "good ole boy" Hugh Liedtke of Pennzoil fulfilling his dream to buyout Getty, only to be outmaneuvered by Texaco's Wall Street merger-brokersbut eventually winning in a down-home jury trial the biggest civil monetary damage award ever. Coll's behind-the-scenes account of investment banking and legal high jinks is at times startling and always intriguing. Major ad/promo; first serial to the Los Angeles Times Magazine. Copyright 1987 Reed Business Information, Inc. Product Description A true story of family, ambition, and greed in the most bitter and controversial takeover struggle in business history. The high-stakes fight between Texaco and Pennzoil to take over Getty Oil is a startling and intriguing case involving family infighting, courtroom drama, and corporate intrigue that ends in bankruptcy and the largest damages award in American history. From Library Journal The struggle between Pennzoil and Texaco to take over Getty Oil has become a popular subject. Like Thomas Petzinger's Oil & Honor ( LJ 6/15/87), this business history, with its large cast of players, reads like a novel. Relying primarily upon interviews, depositions, and oral testimony, Coll uses dialogue to enliven this account of how Pennzoil's attempt to resolve a Getty family feud resulted in Texaco, one of America's biggest corporations, filing for bankruptcy. This well-researched and superbly written book recounts events through early 1987. Highly recommended for public, academic, and business libraries. Leonard Grundt, Nassau Communty Coll. Lib., Garden City, N.Y. Copyright 1987 Reed Business Information, Inc. About the Author Steve Coll is a writer for "The New Yorker" and author of the Pulitzer Prize- winning "Ghost Wars: The Secret History of the CIA, Afghanistan, and Bin Laden, from the Soviet Invasion to September 10, 2001," He is president of the New America Foundation, a public policy institute in Washington, D.C. Previously he served, for more than twenty years, as a reporter, foreign correspondent, and ultimately as managing editor of "The Washington Post," He is also the author of "On the Grand Trunk Road, The Deal of the Century, and The Taking of Getty Oil," Coll received a 1990 Pulitzer Prize for explanatory journalism and the 2001 Robert F. Kennedy Journalism Award for outstanding international print reporting and the 2000 Overseas Press Club Award for best magazine reporting from abroad. "Ghost Wars," published in 2004, received the Pulitzer for general nonfiction and the Arthur Ross award for the best book on international affairs. Steven Cooper is a reporter for WKMG TV in Orlando. A native of Boston, he is also the author of With You in Spirit and Saving Valencia.