Word: murchison
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...permanent, year-round residents, who hired Minger and run the town, are mostly conservative, family-oriented folk. They can afford to pay $35,000 or more for condominiums. Houses in the golf-course area start at $90,000, and Texas Oilman John Murchison's glass-and-aspen vacation house is probably worth $500,000. For years, anyone thought to be a hippie was not overly welcome, and longhairs found it difficult to get work and a pad. Youthful counterculturists discovered that Vail was not the best place to be a ski bum, particularly after local police pulled some tough...
...raise more capital, the partners approached 20 wealthy people, asking for investments of $5,000 each. John Murchison signed up, and others quickly followed. With their money as a base, Seibert then sold limited partnerships for $10,000 each to another 100 people. Each of the initial investors got limited partnership shares in the enterprise that became Vail Associates, as well as four lifetime lift passes and a half-acre lot. The lot had to be built on immediately. "That was an ingenious idea," recalls Texas Financier Dick Bass, one of the early investors. "The obligation of shareholders to build...
Arriving guests were introduced to Nixon by Connally in a formal reception in the ranch's high-ceilinged living room. The guest list was compiled from the very top of the Texas power pyramid: Dallas Billionaire H. Ross Perot, H.L. Hunt's son Nelson, John Murchison, former Dallas Mayor Erik Jonsson, Houston Millionairess Ima Hogg, construction Magnate George Brown and Fort Worth's Perry Bass, who helped hoist Connally to political power. Publicly, most of the guests were Democrats; in the eccentricities of Texas politics even the most hidebound conservatives pay lip service to traditional ties...
...teach management as a science and, through case-method paper exercises, train their students to fit into large corporations. Southern Methodist University in Dallas, however, wants to turn out not organization men but wheeler-dealers in the Texas style of Computer Centimillionaire H. Ross Perot and Financier John D. Murchison, both S.M.U. trustees. So the students are learning primarily by becoming small-scale entrepreneurs while they are still undergraduates...
TEXAS is really two distinct countries. There is high-rolling Texas, oil-rich and cattle-fat, iridescent with electronic gadgetry. This is the Texas of the Hunts and the Murchison brothers and Neiman-Marcus, and multimillion-dollar transactions conducted in private jets that whisper swiftly through the silvery prairie night. Then there is the hardscrabble Texas, dusty and dun, which fans out westward from Fort Worth to towns like Dilley and Draw and Del Rio, where the good ole boys gather round gas-station coolers to drink RC Colas and tell lazy lies. It is a sullen land, worked...