LYCOS RETRIEVER
George Bush: Companies
built 267 days ago
As the declining oil prices of the early 1980s took their toll on his company (by now renamed Bush Exploration), Bush accepted an offer to merge with an oil-investing fund called Spectrum 7, and became a chairman of the resulting corporation. In 1986, after a sudden collapse in the price of oil, Bush arranged for Spectrum to be sold to Harken Energy for a bargain price. He later sold his original stock shares and made a considerable profit.
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After working with land and mineral rights and doing a bit of investing in drilling George started his own oil and gas company around 1978. In 1983 he became the CEO of Spectrum 7, another energy company that merged with his.
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Throughout today's Inside Politics, Judy Woodruff and company trumpeted the just-released Time Magazine poll showing Bush with an 11-point lead over Kerry. She asked Mary Beth Cahill about it, sternly asking "Are you upset about this development, obviously Bush has a big bounce out of their convention," and she probably mentioned the poll about 6 times within the hour.
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