".Pickens insisted that he was a friend of ordinary shareholders, who benefited when his forays caused the stock price of a company to rise.Pickens' star faded in the 1990s. His mother ran a government office that handled gasoline-rationing coupons for a three-county area during World War II.A child of the Depression, Pickens credited his father with teaching him to take risks and praised his grandmother for lessons in being frugal.
Thanks to him for the many humanitarian efforts he provided over his lifetime. Pickens' spokesman Jay Rosser confirmed the death to The Associated Press. That's NPR's Jim Zarroli remembering businessman T. Boone Pickens, who died today. He really loved the kind of rough and tumble world of business. "It doesn't mean that wind is dead," Pickens said at the time. He reportedly died in his home in… Read More »
T. Boone Pickens was a legendary oil tycoon known for his colorful personality and generous donations to worthy causes. He was one of the original big takeover artists.
It was an unpopular move in Bartlesville, Oklahoma, where Phillips was headquartered. He was 91.Copyright © 2019 NPR. ".Pickens flirted with marketing water from West Texas, acquiring water rights in the early 2000s in hopes of selling it to thirsty cities. He just was a businessman who had unlimited faith in American ingenuity, in the energy business.Here he was talking with Bloomberg News in 2014.PICKENS: The industry in the United States has done an unbelievable job for who? His father was in the oil business. And by the end, he was kind of seen as an - you know, one of the wise old men of the industry. The brash and quotable businessman, who divided his time between Oklahoma and Texas, died Wednesday in Dallas. In 2005, Pickens looked on as one of his sons, Michael, was arrested on securities-fraud charges — he pleaded guilty and was sentenced to five years' probation and ordered to repay $1.2 million.Pickens owned a ranch in the Texas Panhandle, another in Oklahoma, and a vacation retreat in Palm Springs, California.After his fall in July 2017, he wrote on LinkedIn that he was still mentally strong, but "I clearly am in the fourth quarter. His father was a landman, someone who secures mineral-rights leases for oil and gas drilling. He expanded it by buying the routes on either side of his — marking his first venture into acquisitions.Although only 5-foot-8, Pickens was a star guard on his high school basketball team in Amarillo, Texas, and earned a sports scholarship to Texas A&M University. He eventually slid below $1 billion and off the magazine's list of wealthiest Americans. All rights reserved.
After just three years, he formed his own company and built a reputation as a maverick, unafraid to compete against oil-industry giants.In the 1980s, Pickens switched from drilling for oil to plumbing for riches on Wall Street.
He had a lot of, you know, pithy sayings.
Richardson, a retired executive of Cities Services, said in 1985. He called it the feeding trough.Here he was in a talk he gave at Oklahoma State in 2012.T BOONE PICKENS: The feeding trough in America is infinite. The news and stories that matter, delivered weekday mornings.Let our news meet your inbox. Not America. The younger Pickens was unhappy with his job from the start.After just three years, he borrowed some money and found two investors to start his own business, called Petroleum Exploration. Pickens set his sights on acquiring other companies.In 1984, Mesa Petroleum made a profit of more than $500 million from a hostile bid for Gulf Corp., then the fifth-largest oil company in the United States, when Gulf maneuvered to sell itself instead to Chevron. He sought out politicians to support his "Pickens Plan," which envisioned an armada of wind turbines across the middle of the country that could generate enough power to free up natural gas for use in vehicles. The Billionaire oil tycoon known as the “Oracle of Oil died at the age of 91 , according to a statement released by his spokesperson. That was a predecessor to Mesa Petroleum, an oil and gas company in Amarillo, which Pickens took public in 1964.By the 1980s, the stock of the major petroleum producers was so cheap that it became cheaper to get new oil reserves by taking over a company than by drilling. Oil tycoon T. Boone Pickens dies at age 91. And Pickens replied, the first billion is a hell of a lot harder.KELLY: (Laughter) A great last word and a great place to leave it. He argued that the United States needed to reduce its dependence on foreign oil.
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