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the news. But the others must have felt as I did. We waited too long. | gota phone
call in 1973. George had died at Mount Sinai Hospital. There was an empty bottle of
sleeping pills.
My father’s death came in 1976. Ann and | had got word it was coming a few weeks
before. We were there. So was Norris Bramblett, an accountant who had worked for
my father since I was in school. My father trusted him. So did I. He had only a fourth
grade education, but a PHD’s worth of character and sense. My father, Zeno the Stoic
when things got tough, cracked jokes to the end. Norris alone could understand him
by then. He translated patiently. My father was giving me one more lesson. He
lapsed into a coma. Ann and | were called down from our bedroom when he died.
That left me and Lansing Hays co-trustees of the trust controlling his companies.
Lansing ran the law firm that handled nearly all my father’s business and little else.
It was a big job. Lansing was smart, abrasive, and dead honest. He didn’t mind
hurting people’s feelings. | was not immune. It didn’t matter. It wouldn’t have
mattered to my father. What mattered was that Lansing knew what trust meant, and
put the Trust first. That’s what I cared about.
Lansing was already on the Getty Oil board. I was invited to join too. We met four
times a year, most often in Los Angeles. Harold Berg, an oil engineer from Colorado,
had become CEO (chief executive officer) and chairman after George died. Sid
Petersen, an accountant, was COO (chief operating officer). Harold was a warmer
and more approachable personality. That’s what you'd expect in an oilfield guy. Sid
was reserved and analytical. That’s what you might expect from an accountant,
although Norris Bramblett fit anything but the stereotype. Harold and Sid were both
clearly well chosen. Neither then nor later did I doubt that Getty was run at least as
well as its big oil rivals.
The board too were top people. But trouble was brewing. The trust, meaning
Lansing and I, owned about 43% of the shares. The Getty Museum, also chaired by
Harold, owned another 11%. Boards and managers prefer scattered ownership, so
that they can operate more freely. Second-best would be concentration in docile
Chapter 1: Recollections 1/06/16 10
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| Filename | HOUSE_OVERSIGHT_010926.jpg |
| File Size | 0.0 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 2,281 characters |
| Indexed | 2026-02-04T16:12:18.786337 |