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Biography of Thomas Boone Pickens, Jr.
Name: Thomas Boone Pickens, Jr.
Birth Date: May 22, 1928
Death Date: N/A
Place of Birth: Holdenville, Oklahoma, United States of America
Nationality: American
Gender: Male
Occupations: business executive, financier
Thomas Boone Pickens, Jr.
T. Boone Pickens (born 1928) started the Mesa Petroleum Company with a ,500 investment and built it into the largest independent oil and gas company in America. Then he shook corporate America with a series of hostile takeover attempts that earned him a reputation as a corporate raider. Pickens' ideas about corporate restructuring, and the tactics he used for achieving them, were controversial during the 1980s, but have become standard procedure in executive suites today.Fortune magazine called him the "most hated man in America" during the 1980s, but Pickens was a folk hero to many stockholders, who welcomed his criticism of large corporate executives whom he said were more concerned with their own salaries and perquisites than with shareholders.Thomas Boone Pickens Jr. was born on May 22, 1928, in Holdenville, Oklahoma, the only child of Thomas Boone and Grace Pickens. Pickens' father was an oil company lawyer who claimed a distant kinship …showed first 150 words…
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…showed last 150 words…choice. Pointing out that the water rights on more than 100,000 acres adjoining his ranch have already been purchased by a regional water utility, he claims that he has to sell his water rights before the water company pumps him dry.Pickens also pointed out that hundreds of other landowners were in the same fix, and that closing the water deal it could bring a million windfall to his neighbors. Commenting on the dispute, Pickens told Brandon Copple of Forbes in 2000, "It's like the old takeover days, when you said you'd give cash and the stock doubled--and then they called you a raider. It doesn't make sense." Associated Organizations Further Reading Pickens, T. Boone Jr., Boone, Houghton Mifflin, 1987.Copple, Brandon. "Ankle-Deep in Trouble." Forbes, 16 October 2000.Financial World, December 31, 1983; May 5, 1987.Fortune December 26, 1983; July 22, 1996.Texas Monthly, July 1997."T. (Thomas) Boone Pickens Jr.," A&E Network Biography, http://www.biography.com (March 6, 1999).
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