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| BP’s chairman, Campaigner for deintegrating BP’s operations |
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| Became famous for telling the managers that there are no sacred cows in BP |
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| Pushing the oil industry back to the basics, fighting its waste, saving it from its own excesses and serving the interests of the shareholders |
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| Saw the vulnerability of the oil industry but came up with an ideology to explain it |
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| His drilling deals became Mesa Petroleum and was fascinated by the gap between stock value and the value of the underlying oil and gas assets |
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| Took over Hugoton where the stock price was much lower than its gas reserves would have fetched if sold off |
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| Mexico’s Finance Minister, Realized Mexico was on the edge of a grave economic crisis as a result of weakening oil price, high interest rates, overvalued peso, unrestrained government spending, and drying up of Mexico’s oil exports |
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| Could not repay its debt, Put together a multi-billion-dollar package of loans and credits, as well as advance purchases of Mexican oil |
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| Advised a debt moratorium with the US and called it a “rollover” |
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| his son Gordon had all the power and controlled the stock |
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| He sold Getty oil to Pennzoil and then later got a better offer from Texaco and accepted that. |
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| needed to make $300 million- he looked at Gulf Oil whose stocks sold at only a fracture of the value of their assets |
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| was Gulf’s chairman, Had run Gulf’s entire Eastern Hemisphere operations and Had to rebuild the battered company |
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| had to put Gulf up to sale because if he didn’t Boone would see the junk bond king to explore raising the additional money through such bonds to make an outright takeover bid |
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| chairman of Chevron made Gulf the largest cash offer in history (13.2 billion) |
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| tried to takeover Phillips and Unocal but both failed |
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| He had launched his campaign to raise share prices Gulf stock price went from $41 to $80 a share- it was a great victory for the stockholders |
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