Difference between revisions of "Hugh Liedtke"

From Wikispooks
Jump to navigation Jump to search
(Added: employment, constitutes, birth_date, birth_place, death_date, death_place.)
(expand about oil business)
Line 1: Line 1:
 
{{person
 
{{person
 
|wikipedia=https://en.wikipedia.org/wiki/J._Hugh_Liedtke
 
|wikipedia=https://en.wikipedia.org/wiki/J._Hugh_Liedtke
|constitutes=Businessman
+
|constitutes=lawyer, Businessman
 +
|alma_mater=Harvard Business School, University of Texas School of Law
 
|birth_date=February 10, 1922
 
|birth_date=February 10, 1922
 
|birth_place=Tulsa, Oklahoma, U.S.
 
|birth_place=Tulsa, Oklahoma, U.S.
 
|death_date=March 28, 2003
 
|death_date=March 28, 2003
 
|death_place=Houston, Texas, U.S.
 
|death_place=Houston, Texas, U.S.
 +
|spouses=Betty Lyn Dirickson
 
|employment=
 
|employment=
 
}}
 
}}
 
'''Hugh Liedtke''' was brother of [[Bill Liedtke]].
 
'''Hugh Liedtke''' was brother of [[Bill Liedtke]].
 +
 +
==Career==
 +
Hugh and his brother Bill co-founded the [[Zapata Corporation]] in 1953 together with [[George H. W. Bush]] and [[John Overbey]].<ref name="bush41aportrait61">{{cite book|last1=Bush|first1=George W.|title=[[41: A Portrait of My Father]]|date=2014|publisher=Ebury Publishing|location=London|isbn=9780553447781|oclc=883645289|pages=61-62}}</ref> This was nominally a profit-making enterprise but t actually worked as a cover for intelligence agency operations, providing an explanation for a lot of foreign travel and a vehicle for transfer of money.<ref>''[[Family of Secrets]]''</ref>
 +
 +
===Pennzoil===
 +
In the 1960s the Liedtke brothers acquired control of the [[South Penn Oil Company]] and merged it with Zapata to form a new company they called [[Pennzoil]].<ref>{{cite web | url=http://www.britannica.com/EBchecked/topic/914913/J-Hugh-Liedtke | title=J. Hugh Liedtke | work=Encyclopedia Britannica | accessdate=4 May 2015}}</ref> They acquired the United Gas Pipeline Company, which was nearly eight times the size of Pennzoil and along with several other companies and merged them into it. In 1966, the Liedtkes captured United Gas.<ref name=obit>http://www.nytimes.com/2003/04/01/business/j-hugh-liedtke-81-oilman-who-bested-texaco-in-court.html</ref>
 +
 +
After refusing an offer of $2 billion, in 1988 his legal team convinced a jury that Texaco had illegally usurped his handshake deal to acquire an interest in the Getty Oil Company. He was awarded $3 billion from [[Texaco]] in a legal battle.<ref name=obit/>
 
{{SMWDocs}}
 
{{SMWDocs}}
 
==References==
 
==References==
 
{{reflist}}
 
{{reflist}}
 
{{Stub}}
 
{{Stub}}

Revision as of 13:00, 11 September 2016

Person.png Hugh Liedtke  Rdf-entity.pngRdf-icon.png
(lawyer, Businessman)
BornFebruary 10, 1922
Tulsa, Oklahoma, U.S.
DiedMarch 28, 2003 (Age 81)
Houston, Texas, U.S.
Alma materHarvard Business School, University of Texas School of Law
SpouseBetty Lyn Dirickson
Founder ofZapata Petroleum

Hugh Liedtke was brother of Bill Liedtke.

Career

Hugh and his brother Bill co-founded the Zapata Corporation in 1953 together with George H. W. Bush and John Overbey.[1] This was nominally a profit-making enterprise but t actually worked as a cover for intelligence agency operations, providing an explanation for a lot of foreign travel and a vehicle for transfer of money.[2]

Pennzoil

In the 1960s the Liedtke brothers acquired control of the South Penn Oil Company and merged it with Zapata to form a new company they called Pennzoil.[3] They acquired the United Gas Pipeline Company, which was nearly eight times the size of Pennzoil and along with several other companies and merged them into it. In 1966, the Liedtkes captured United Gas.[4]

After refusing an offer of $2 billion, in 1988 his legal team convinced a jury that Texaco had illegally usurped his handshake deal to acquire an interest in the Getty Oil Company. He was awarded $3 billion from Texaco in a legal battle.[4]

Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References

  1. Bush, George W. (2014). 41: A Portrait of My Father. London: Ebury Publishing. pp. 61–62. ISBN 9780553447781. OCLC 883645289.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "Scribunto").
  2. Family of Secrets
  3. "J. Hugh Liedtke". Encyclopedia Britannica. Retrieved 4 May 2015.Page Module:Citation/CS1/styles.css must have content model "Sanitized CSS" for TemplateStyles (current model is "Scribunto").
  4. a b http://www.nytimes.com/2003/04/01/business/j-hugh-liedtke-81-oilman-who-bested-texaco-in-court.html


57px-Notepad icon.png This is a page stub. Please add to it.