Category Archives: Texas Monthly column

How Michael Dell low-balled investors

In my first story for Texas Monthly, almost two years ago, I chronicled the buyout saga at Dell Inc. In that piece, I predicted that Michael Dell would prevail in the management-led buyout, which he did, but not before activist … Continue reading

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The Uncontrolled Descent of Continental’s Legacy

Jeff Smisek resigned suddenly as chief executive of United Airlines in early September. His legacy is forever linked to the merger of United and Houston-based Continental Airlines, where Smisek had worked since 1995. While the merger has been problematic, even … Continue reading

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Blowing the Whistle on the Mortgage Crisis

In Texas, we tend to think that the mortgage crisis happened somewhere else. But one of the first warnings came from a manager in the Plano-based appraisal division of Countrywide Financial. Kyle Lagow’s concerns about Countrywide’s mortgage practices eventually cost … Continue reading

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Margin of Error: Why Everyone Hates the Texas Business Tax

How did a state like Texas, which views all taxes with disdain, wind up with a tax like the one it levies on business? This tax is so bad that few other states that adopted one like it kept it … Continue reading

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Schlitterbahn: Lucrative When Wet

If you grew up in Texas, you probably are familiar with Schlitterbahn, the water park on the banks of the Comal River in New Braunfels. Among many of my friends, “Schlitterbahn” was synonymous with floating the river, because the original … Continue reading

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Oil’s Well That Ends Well?

Perhaps not so much. These days, Texans are getting worried about what the plunge in oil prices in the past six months will mean for the economy. We’ve seen this before, of course, in the 1980s. In the latest issue … Continue reading

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Get Uber It

In almost every city it’s entered, the car-hailing service Uber has met with controversy. One of the few exceptions has been Lubbock, and in the latest issue of Texas Monthly, I explain why:  Last February, after Uber, the app-based ride-sharing … Continue reading

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