Earn Cash Back On Stocks: Up To $5,000 Per Yearhttps://www.silomarkets.com/logicDo you remember a company called Texaco? Back in the mid1900s, Texaco was one of the biggest names in the oil industry. In fact, during their peak, they were a top ten company and they were even vying to overtake Exxon to become the world’s largest company. However, one greedy takeover would end up destroying the company altogether. This cursed takeover goes back to a company called Getty Oil which was also a massive player in the oil industry. After the founder of Getty Oil passed away, his family got a fortune and they would eventually decide to sell the company. Initially, they had a complete acquisition setup with Pennzoil and had even agreed in principle. However, when Texaco offered more money, Getty Oil would decide to sell to Texaco. This didn’t sit well with Pennzoil though as they would turn around and successfully sue Texaco for the entire cost of the acquisition which was a massive $10.53 billion. Texaco attempted to appeal this verdict, but after years of courtroom losses, Texaco had no choice but to pay up the fee which drove them bankrupt. If Texaco hadn’t attempted this hostile takeover, it’s very possible that it would still be a leading oil brand like Chevron or Exxon. However, their greed drove them to bankruptcy and today they’re a brand that’s slowly being forgotten. This video explains the story of Texaco’s nasty takeover of Getty Oil and how this acquisition destroyed Texaco.Earn Interest From The Government & Top Corporations:(iOS App for US Residents)https://www.silomarkets.com/waitinglistpageFree Weekly Newsletter With Insiders:https://logicallyanswered.co/Socials:https://www.instagram.com/hariharan.jayakumar/Discord Community: https://discord.gg/SJUNWNtTimestamps:0:00Hostile Takeovers2:50A Family Feud6:07Gordon Takes Over8:56Texaco Steps In12:08Pennzoil Gets Revenge15:18Texaco TakeawayThumbnail Credit: Island Energy Serviceshttps://bit.ly/41QgVsVResources: https://pastebin.com/NaNhhYg7Disclaimer:This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research. https://www.silomarkets.com/disclosures

Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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