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Bush's company Zapata goes from $1.38/share in December 2000

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Carl Brennan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 02:08 PM
Original message
Bush's company Zapata goes from $1.38/share in December 2000
to $71.00/share.

Symbol: ZAP
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KlatooBNikto Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 02:31 PM
Response to Original message
1. If I am not wrong, the name Zapata pops up on one of the ships that set
sail for the Bay of Pigs during the Kennedy Era. Am I right?

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Carl Brennan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 06:38 PM
Response to Reply #1
7. Yes. The other name for the Bay of Pigs was "Operation Zapata".
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 02:32 PM
Response to Original message
2. It pays to be the pResident. Not many leave poor. Except Carter.
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boneygrey Donating Member (651 posts) Send PM | Profile | Ignore Mon Feb-14-05 02:55 PM
Response to Original message
3. $1.38 is wrong
It was trading between $15 and $20 per share then. Am I looking at the wrong thing?:shrug:
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 02:58 PM
Response to Original message
4.  Zapata Oil Company
Edited on Mon Feb-14-05 03:03 PM by seemslikeadream
In August, Farish was brought back for more testimony. He was now frequently accused of lying. Farish was crushed under the intense, public grilling; he became morose, ashen. While Prescott Bush escaped publicity when the government seized his Nazi banking organization in October, Farish had been nailed. He collapsed and died of a heart attack on Nov. 29, 1942.

The Farish family was devastated by the exposure. Son William Stamps Farish, Jr., a lieutenant in the Army Air Force, was humiliated by the public knowledge that his father was fueling the enemy's aircraft; he died in a training accident in Texas six months later.@s2@s0

With this double death, the fortune comprising much of Standard Oil's profits from Texas and Nazi Germany was now to be settled upon the little four-year-old grandson, William (`` Will '') Stamps Farish III. Will Farish grew up a recluse, the most secretive multi-millionaire in Texas, with investments of `` that money '' in a multitude of foreign countries, and a host of exotic contacts overlapping the intelligence and financial worlds--particularly in Britain.

The Bush-Farish axis started George Bush's career. After his 1948 graduation from Yale (and Skull and Bones), George Bush flew down to Texas on a corporate airplane and was employed by his father's Dresser Industries. In a couple of years he got help from his uncle, George Walker, Jr., and Farish's British banker friends, to set him up in the oil property speculation business. Soon thereafter, George Bush founded the Zapata Oil Company, which put oil drilling rigs into certain locations of great strategic interest to the Anglo-American intelligence community.

Will Farish at 25 years old was a personal aide to Zapata chairman George Bush in Bush's unsuccessful 1964 campaign for Senate. Will Farish used `` that Auschwitz money '' to back George Bush financially, investing in Zapata. When Bush was elected to Congress in 1966, Farish joined the Zapata board.@s2@s1

When George Bush became U.S. Vice President in 1980, the Farish and Bush family fortunes were again completely, secretly commingled. As we shall see, the old projects were now being revived on a breathtaking scale.
http://www.tarpley.net/bush3.htm

Back in Connecticut, Prescott Bush had won a special election to gain a U.S. Senate seat on his second try in 1952. He had been in office two months when his son launched Zapata. Early on, Prescott Bush established himself as a moderate, somewhere between an Eisenhower and a Rockefeller Republican on issues such as labor and immigration.

Prescott Bush’s positions on issues related to the oil industry were more complicated. In 1953, Sen. Lister Hill of Alabama promoted legislation that would federalize offshore resources, including oil, in order to raise revenue for the government. The money would go to increase funding for education.

Sen. Bush became a point man for denouncing Hill’s legislation. Bush wrote that the issue of funding for schools “should be an entirely separate question from that of submerged lands and warrants careful study because of the danger of federal control of education.” Sen. Bush’s leadership was central in defeating Hill’s legislation.

Whatever the merits of federalizing offshore deposits of natural resources and of federal aid to education, a backdrop for the Bush family was the coincidence that George H.W. Bush was moving into offshore oil drilling by establishing the Zapata Offshore Oil Co. The defeat of Hill’s legislation removed a potential obstacle to those plans.
http://www.consortiumnews.com/2000/081400a2.html

To a very large degree, such covert operations (and the great political scandals attendant upon them) have drawn upon the same pool of personnel. They are a significant extent the handiwork of the same crowd. It is therefore revealing to extrapolate forward and backward in time the individuals and groups of individuals who appear as the cast of characters in one scandal and compare them with the cast of characters for the other scandals, including the secondary ones that have not been enumerated here. Howard Hunt, for example, shows up as a confirmed part of the overthrow of the Guatemalan government of Jacopo Arbenz in 1954, as an important part of the chain of command in the Bay of Pigs, as a person repeatedly accused of having been in Dallas on the day Kennedy was shot, and as one of the central figures of Watergate. (One wonders what secrets, after all, were contained in Howard Hunt's safe, the contents of which were so conventiently "deep sixed" by FBI Director Patrick Gray.)

George Bush is demonstrably one of the most important protagonists of the Watergate scandal, and was the overall director of Iran-contra. Since he appears especially in Iran-contra in close proximity to Bay of Pigs holdovers, it is surely legitimate to wonder when his association with those Bay of Pigs Cubans might have started.

1959 was the year that Bush started operating out of his Zapata Offshore headquarters in Houston; it was also the year that Fidel Castro seized power in Cuba. Officially, as we have seen, George was now a businessman whose work took him at times to Louisiana, where Zapata had offshore drilling operations. George must have been a frequent visitor to New Orleans. Because of his family's estate on Jupiter Island, he would also have been a frequent visitor to the Hobe Sound area. And then, there were Zapata Offshore drilling operations in the Florida Strait. On all of these activities, the official "red Studebaker" biographical material and the Zapata Offshore annual reports are extremely cryptic.

http://www.tarpley.net/bush8b.htm
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boneygrey Donating Member (651 posts) Send PM | Profile | Ignore Mon Feb-14-05 03:05 PM
Response to Original message
5. Just figured out price difference
Zapata had a 1-10 reverse split in 2001.
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Carl Brennan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-14-05 06:36 PM
Response to Reply #5
6. All I saw was a 1:5 split in '94.

http://finance.yahoo.com/

It was $1.38 in December 2000.
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boneygrey Donating Member (651 posts) Send PM | Profile | Ignore Mon Feb-14-05 08:26 PM
Response to Reply #6
8. 1 for 10 reverse in early 2001
look at the spike in the chart. Even though yahoo is supposed to adjust for splits I think they missed it here. Either way, one hell of a run up in the stock. The $15-20 figure I got was from my quote machine at work. I'm in the business.

http://finance.yahoo.com/q/bc?s=ZAP&t=5y&l=on&z=m&q=l&c=

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