This article covers the professional life of
George W. Bush, the 43rd
President of the United States. Prior to his election as President in
2000, Bush held numerous other positions, including oil executive, a
Major League Baseball franchise owner, and
Governor of Texas.
Business
Bush began his industry career in 1979, when he established
Arbusto Energy, an oil and gas exploration company he financed with his education trust fund surplus and money from other investors, including
Dorothy Bush,
Lewis Lehrman,
William Henry Draper III,
Bill Gammell, and
James R. Bath, the last of whom represented
Salem bin Laden, a half-brother and cousin of
Osama bin Laden. In 1984, Bush sold the company, hurt in the wake of the
1979 energy crisis, to
Spectrum 7, another Texas gas exploration firm. Under the terms of the sale, Bush became
CEO. Spectrum 7 lost revenue and was merged into
Harken Energy Corporation in 1986, with Bush becoming a director of Harken.
Texas Rangers and allegations of insider trading
<!--Unsourced image removed: -->After working on his father's successful
1988 presidential campaign, Bush learned from fellow Yale alumnus
William DeWitt, Jr., that family friend
Eddie Chiles wanted to sell the
Texas Rangers baseball franchise along with the new sports dome; built on land acquired under
eminent domain law and built under funding financed through taxpayers' funds backed by a bond issued for its debt. The new home of the Texas Rangers is still being contested in...
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