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The Taking of Getty Oil: The Full Story of the Most Spectacular and Catastrophic Takeover of All Time (Paperback)

by Steve Coll (Author)

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Product details

Paperback: 552 pages
Publisher: HarperCollins Publishers Ltd; New Ed edition (21 Sep 1989)
Language English
ISBN-10: 0044403305
ISBN-13: 978-0044403302
Average Customer Review: No customer reviews yet. Be the first.
Amazon.co.uk Sales Rank: 2,115,303 in Books (See Bestsellers in Books)

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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.

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