Kinda A Biography Assignment Paper Focus On His Carreer

T. Boone Pickens
Name
Institution Introduction
T. Boone Pickens is a renowned name in the American corporate world. He is the founder and chairman of Pickens and chairs the hedge fund BP Capital Management. Boone is famous for his stand on the need for the U.S. to remain independent of foreign oil. This, he holds, is dependent on the advancement of alternative renewable energy sources (Handbook of Texas Online & Flynn, n. d). This paper briefly examines T. Boon Pickens' biography with special emphasis on his career and role in corporate America.
Born in Holdenville, Oklahoma, U.S.A on May 22, 1928, Thomas Boone Pickens' father was a landman, tasked with finding landowners willing and ready to lease out their mineral rights and then sell such leases to oil companies (Handbook of Texas Online & Flynn, n. d). He studied at Texas A & M while at high school, having moved from Holdenville to Amarillo., Texas. From Texas A & M, Pickens graduated with a degree in geology in 1951, then briefly worked as a roughneck and then in a local refinery before being employed as a geologist by Phillips Petroleum. He resigned from the firm in 1954.
In partnership with John O'Brien and Eugene McCartt, Pickens formed the Mesa Petroleum Company in 1956. The partnership was known as Petroleum Exploration Incorporated (PEI), and it dealt in the selling of oil prospects it had discovered while retaining a "back-in-interest" profits percentage in the first few years (Handbook of Texas Online & Flynn, n. d). Currently, Mesa Petroleum Corporation is one of the leading independent producers of both domestic oil and gas, headquartered in Dallas. The headquarters moved to Dallas in 1989 (BP Capital, 2015).
The period between 1973 and 1981 saw Mesa expand into one of the most influential oil companies across the world, holding onto assets valued at over $2 billion (BP Capital Inc., 2015). A tender offer by Gulf Oil between 1982 and 1987, by then one of the leading oil companies in U.S. saw Gulf oil strike a deal with Chevron, a move that resulted in Mesa shareholders netting $ 404 million (BP Capital, 2015). With this success, 200 chief executives from the U.S's leading and most powerful firms recognized Pickens as a threat to their business and attempted to besmirch his reputation as a threat to business stability.
In 1986, Pickens established the United Sharehold...