Shared Flashcard Set

Details

ENGT- Final
Ch.35-Peoples
17
Business
Undergraduate 2
12/06/2011

Additional Business Flashcards

 


 

Cards

Term
P.I. Walters
Definition
BP’s chairman, Campaigner for deintegrating BP’s operations
Term
P.I. Walters
Definition
Became famous for telling the managers that there are no sacred cows in BP
Term
Boone Pickens
Definition
Pushing the oil industry back to the basics, fighting its waste, saving it from its own excesses and serving the interests of the shareholders
Term
Boone Pickens
Definition
Saw the vulnerability of the oil industry but came up with an ideology to explain it
Term
Boone Pickens
Definition
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
Term
Boone Pickens
Definition
Took over Hugoton where the stock price was much lower than its gas reserves would have fetched if sold off
Term
Jesus Silva Herzog
Definition
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
Term
Jesus Silva Herzog
Definition
Could not repay its debt, Put together a multi-billion-dollar package of loans and credits, as well as advance purchases of Mexican oil
Term
Jesus Silva Herzog
Definition
Advised a debt moratorium with the US and called it a “rollover”
Term
J. Paul Getty died
Definition
his son Gordon had all the power and controlled the stock
Term
Gordon Getty
Definition
He sold Getty oil to Pennzoil and then later got a better offer from Texaco and accepted that.
Term
Boone Pickens
Definition
needed to make $300 million- he looked at Gulf Oil whose stocks sold at only a fracture of the value of their assets
Term
Jimmy Lee
Definition
was Gulf’s chairman, Had run Gulf’s entire Eastern Hemisphere operations and Had to rebuild the battered company
Term
Jimmy Lee
Definition
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
Term
George Keller
Definition
chairman of Chevron made Gulf the largest cash offer in history (13.2 billion)
Term
Boone Pickens
Definition
tried to takeover Phillips and Unocal but both failed
Term
Boone Pickens
Definition
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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