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We gave a bunch of smart Texans $50,000. (Okay, we didn’t really, we just said we did.) The money comes with these strings attached: it has to be invested in Texas now, and the investments have to pay off by 1996. ....
The continuing saga of the Hermann estate scandal was a shocking lesson in how Houston’s most-respected philanthropists, civic leaders, and biggest deal makers had abused their power. ....