The Taking of Getty Oil: The Full Story of the Most Spectacular and Catastrophic Takeover of All Time - Softcover

Coll, Steve

Softcover

ISBN 10: 0044403305 ISBN 13: 9780044403302

Publisher: HarperCollins Publishers Ltd, 1989

Synopsis

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.

About this edition

• Publisher: HarperCollins Publishers Ltd
• Publication date: 1989
• ISBN 10: 0044403305
• ISBN 13: 9780044403302
• Binding: Paperback
• Number of pages: 552