February 2020 Vidcast : The disappearance of T. Boone Pickens

Raider or value creator?

On September 11 of last year, the man whom the New York Times, because of its multiple hostile raids on competitors – rarely successful but always lucrative – described as the “most hated” businessman in America, died at the age of 91.

 

A legend in oil production, he was one of the star “raiders” on Wall Street in the 1980’s who threatened with the takeover of firms and sometimes seized them to put them back in the service of their only legitimate owners: small shareholders.

 

These raiders accompanied the liberal revolution that Ronald Reagan and Margaret Thatcher initiated on the political and macroeconomic level.

 

Despite his sulphurous reputation, T. Boone Pickens was nonetheless a great creator of value for the oil industry, helping to reform the reserve measurement system.

 

Professor Jacquet paints a colourful but uncompromising portrait of this larger-than-life character.

 

Video version