entrepreneur t. boone pickens, the highest paid ceo in the country. even here, wall street being a parrot, green as in money. he reigns over an entry foyer that runs the entire length of the house. and at the end of that foyer, we find this morning boone pickens. good morning, sir, how are you? good morning, harry. let s go ahead and head into the trophy room, if you don t mind. sure. t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock into company, talk about how the executives needed to be tossed out and make a play for the executive. the company is only 1/20th the size of phillips, buys 5.8% of the stock privately. now he wants to buy another 15%
we definitely do have become celebrities just from being rich. i ll take the trumps as an example. their celebrity is generally that they are rich. donald trump has ventured into gambling and professional football and says he could negotiate a nuclear disarmament treaty with the soviet union. they say he s land hungry, money hungry, power hungry. the power is nonsense. i love the creative process. what about trump plaza, trump city, trump castle? it sells, mike. all i know that s all it is? it has nothing to do with the ego. all i know is it sells. leona helmsley was the wife of harry, one of the mayor, much bigger than trump, real estate developers in new york. i asked for something. i did not get it from you. i want it. you have nothing to do? the queen of mean.
and as far as we can say that the 80s was a period of hedonism and excess, the end of the decade was the hangover. it s more like the rich are taking a tumble now. leona and harry helmsley were treated as criminals, booked for tax evasion and extortion, charging that they renovated their $11 million estate and wrote the cost off as a business expense. a former housekeeper said mrs. helmsley told her, we don t pay taxes, only little people pay taxes. she was sentenced to four years in prison, given a $7 million fine and ordered to serve 750 hours of community service. for some, it was too light. i have done nothing wrong. i m innocent. my only crime is that i m leona helmsley. no matter how many white collar thieves get sent away, the public will still be paying
trouble, and he knows it. and as far as we can say that the 80s was a period of hedonism and excess, the end of the decade was the hangover. it s more like the rich are taking a tumble now. leona and harry helmsley were treated as criminals, booked for tax evasion and extortion, the government charges that they levelled their $11 million estate and wrote the cost off as a business expense. a former housekeeper said mrs. helmsley told her, we don t pay taxes, only little people pay taxes. she was sentenced to four years in prison, given a $7 million fine and ordered to serve 750 hours of community service. for some, it was too light. i have done nothing wrong. i m innocent. my only crime is that i m leona helmsley. no matter how many white collar thieves get sent away,
today, we travel to the lonestar state to visit tycoon, entrepreneur t. boone pickens, the highest paid ceo in the country. even here, wall street is in charge. wall street being a parrott, green is the money. he reigns over an entry foyer that runs the entire length of the house. and at the end of that foyer, we find this morning boone pickens. good morning, sir, how are you? good morning, harry. let s go ahead and head into the trophy room, if you don t mind. sure. t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock into company, talk about how the executives needed to be tossed out and make a play for the company. pickens company, which is only 1/20th of the size of phillips, buys 5.8% of the stock privately. now he wants to buy another 15% from the shareholders and gain a seat on the corporate board. there s one thing i want to