DEALS: Mr. Otis Regrets

The cynical view of making it in U.S. business holds that success depends "not on what you know but on whom you know." According to an exclusive story broken last week by the Wall Street Journal, a West Coast operator named Jack P. Burke played that formula to the hilt. Burke's longtime friendship with Otis Chandler, his teammate on the Stanford University track squad (class of '50) and the crown prince of one of California's reigning families, had a good deal to do with his highflying fortunes in the oil business. Burke not only got Chandler, now the publisher...

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