Word: murchison
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...Baker received money from meat import-export transactions, and "wasn't this part of a device whereby the Murchison interests could reimburse you for past and future legislative favors granted...
Thomas Webb, a Washington representative for the Murchison family of Texas, told the committee that in 1961 Baker was responsible for finding a buyer for meat for the Murchison-bankrolled Haitian-American Meat & Provisions Co. (Hampco) of Port-au-Prince. For this, Webb said, Baker earned a ¼?-a-lb. "finder's fee." Later, when a Chicago firm, Packers Provision Co., bought Hampco's output, Baker began receiving a ⅛-a-lb. commission, though he had no part in getting Packers and Hampco together. Packers President William Kentor has said that Hampco "insisted" Baker be paid. Besides getting...
...Texas Way. Baker kept right on buying Magic stock-with borrowed money. One who helped him was Robert F. Thompson, executive vice president of Tecon Corp., a Dallas construction firm headed by Wheeler Dealer Clint Murchison Jr. Tecon performs nearly $90 million worth of work a year for the Army Corps of Engineers. Thompson testified that he first met Baker in 1957. Where? "I thought," replied Thompson, "that it was in the office of Lyndon Johnson...
...through major holdings in Woolworth, I.T. & T., Phillips Petroleum, Manufacturers Hanover Trust and the New York Central Railroad. But Kirby is as stubborn as he is rich. He began a battle to regain control of Alleghany from the men who had wrested it from him, Texas Millionaire Brothers John Murchison, 41, and Clint...
Last week Clint Murchison Jr. holed up on the brothers' private Bahaman island and took the radiophone off the hook; John flew off to Paris. Other Texas financiers, who had stomped their boots in joy when the brothers toppled an Eastern millionaire, were downhearted. More than glory had disappeared with the Murchisons' defeat. A decline in the price of Alleghany from a 1961 high of $15.50 per share to $10.63 at present, and their guarantees to make up any losses suffered by big proxy allies, had cost the Murchisons an estimated $18 million...