The Taking of Getty Oil: The Full Story of the Most Spectacular--& Catastrophic--Takeover of All Time

Steve Coll, Author
Steve Coll, Author Atheneum Books $0 (528p) ISBN 978-0-689-11860-9
Reviewed on: 01/01/1987
Release date: 08/01/1987
The financial disarray in which J. Paul Getty's death in 1976 left his family and the Getty Oil Company has led to sibling contention, corporate intrigue, courtroom high drama and, most recently, to an unprecedented $11-billion damage judgment over the Texaco-Pennzoil acquisition. Using ""reconstructed dialogue'' and suspenseful narrative, Washington Post financial writer Coll spins the story of family trustee Gordon Getty who sows confusion; a beset Getty Oil management; Texas oil-patch ``good ole boy'' Hugh Liedtke of Pennzoil fulfilling his dream to buyout Getty, only to be outmaneuvered by Texaco's Wall Street merger-brokersbut eventually winning in a down-home jury trial the biggest civil monetary damage award ever. Coll's behind-the-scenes account of investment banking and legal high jinks is at times startling and always intriguing. Major ad/promo; first serial to the Los Angeles Times Magazine. (August)
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