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The Taking of Getty Oil

Pennzoil, Texaco, and the Takeover Battle That Made History

By (author) Steve Coll
Format: Paperback / softback
Publisher: Open Road Media, New York, United States
Published: 28th Dec 2017
Dimensions: w 133mm h 203mm d 31mm
Weight: 1g
ISBN-10: 1504049535
ISBN-13: 9781504049535
Barcode No: 9781504049535
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Synopsis
A larger-than-life account of family, greed, and a courtroom showdown between Big Oil rivals from the New York Times-bestselling author of Private Empire. Pulitzer Prize-winning author Steve Coll is renowned for "his ability to take complicated, significant business stories and turn them into quick-reading engaging narratives" (Chicago Tribune). Coll is at the height of his talents in this "riveting" tale of one of the most spectacular-and catastrophic-corporate takeovers of all time (Newsday). As the head of a sprawling oil empire, J. Paul Getty was once the world's richest man. But by 1984, eight years after his death, Getty's legacy was in tatters: His children were locked in a bitter feud over the family trust and the company he founded was riven by boardroom turmoil. Then Pennzoil made an agreement with Getty's son, Gordon, to purchase Getty Oil. It was a done deal-until Texaco swooped in to claim the $10 billion prize. What followed was an epic legal battle that pit "good ole boy" J. Hugh Liedtke of Pennzoil against the Wall Street brokers behind Texaco's offer. The scandalous details of the case would shock the business world and change the landscape of the oil industry forever. With a large cast of colorful characters and the dramatic pacing of a novel, The Taking of Getty Oil is a "suspenseful" and "always intriguing" chronicle of one of the most fascinating chapters in American corporate history (Publishers Weekly).

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"Suspenseful . . . Coll's behind-the-scenes account of investment banking and legal high-jinks is at times startling and always intriguing." -Publishers Weekly

"An important, fascinating chapter in contemporary business history." -Booklist

"A lengthy, detailed, often riveting history of this messy affair." -Newsday

"Reads like a novel . . . Well-researched and superbly written." -Library Journal