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To: Rte66

I thought I included you in my post #136.


137 posted on 11/23/2007 9:22:51 AM PST by Ditter
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To: Ditter

Thanks. All my reference books and notes which would help me out on this are in a storage unit that I can’t get to, so I can’t be much help.

I’ve tried to verify Lady Bird’s alleged ownership of B&R stock and have never been able to. I worked for them in *mumblemumble70mumble* and wrote for BrownBuilder, among other things for the company and separately, for Halliburton later.

At that time, long after the Halliburton merger, the boards hadn’t even really merged, except for Geo R. Brown, who was still alive and coming to the office every day, tho blind. I know he was on the Halliburton BofD. As I recall, B&R was wholly owned by the family Trust, the Brown Foundation, when Halliburton bought it after Herman Brown’s death in 1962.

Whether or not Lady Bird was a non-family part of the Foundation at that time is not known to me. And whether or not the Brown family ceded to her some Halliburton stock for some reason is also not known to me.

As I understood it, she owned a small piece of a natural gas processing plant in Odessa that was bought by B&R long before all this and thus, had a small stake. I believe all the business and monkey business the Browns did with LBJ was in cash and the last thing they would’ve wanted was for him or his family to be stockholders.

They had already gotten into a lot of trouble way back in LBJ’s state legislature days or maybe Senate days, with the IRS on their huge LBJ campaign contributions. I wasn’t around for any of that, but it was still going on 20 years later, when I was. In fact, it was the South Texas shenanigans (votes written in green ink for Yarborough) that made me a Goldwater true believer as a kid in ‘60 and teen in ‘64.

So, I’m always surprised when I see these various statements that range from Lady Bird owning a little Halliburton stock (probably closest to the truth), to her owning the whole company (ha!), to her owning all of B&R - KBR, to her having started Halliburton to her family having started it! Sheesh, people! (Not you, Ditter - the others.)


145 posted on 11/23/2007 12:56:17 PM PST by Rte66
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