RIP. A favorite Boone-ism: “A fool with a plan can beat a genius with no plan.'
After T. Boone Pickens donated $11 million to the University of Texas Center for Brain Health in 2006, I convinced him that if he was going to give the center so much money he ought to at least get his brain scanned. in the magazine
That made sense to Pickens: “I’d rather surround myself with sharp young minds than play golf and gin rummy all day.” Forbesin his Gulfstream, accompanied by his fifth wife Toni . Several times throughout the day he’d call into the office of his BP Capital hedge fund and say, “Whaddya got for me?” Before listening to an update on market action.
Pickens overreached at Mesa, taking on too much debt to acquire assets. “I believed natural gas prices would bail me out,” he said. In the 1990s he was kicked out of the company by Fort Worth financier Richard Rainwater in a recapitalization of Mesa that led to the formation of Pioneer Natural Resources.
Deep into his fifth decade of dealmaking, Pickens literally tilted at windmills, launching his ambitious Pickens Plan to build $2 billion worth of wind energy projects. The recession, paired with the shale drilling boom, gutted both energy prices and Pickens’ fortune. “I’ve lost 2 billion, given away one, and I’ve got one left.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buffett, Icahn remember the late T. Boone Pickens for 'great wit' and inimitable Texas personalityMagnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC.
Read more »
Buffett, Icahn remember the late T. Boone Pickens for 'great wit' and inimitable Texas personalityMagnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC.
Read more »
Vaping Ban Considered; OxyContin Manufacturer Proposed Settlement: $12 Billion; Supreme Court Approves Trump Restrictions On Asylum SeekersToday's DailyDozen covers a possible vaping ban; Purdue Pharma's tentative settlement; President Trump's delaying of tariffs; The passing of T. Boone Pickens; College Football's Most Valuable Teams; And more:
Read more »
Can You Name All 42 Movie Adaptations Of Stephen King Books?King is the brains behind a lot more movies than you think.
Read more »
Selena Gomez Admitted She Had a Crush on Cole Sprouse as a Kid, and SameRemember her 'Suite Life' guest role?
Read more »