Spectrum 7
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Spectrum 7 was an oil company started by William DeWitt and Mercer Reynolds.
In 1984, Spectrum 7 merged with George W. Bush's Arbusto Energy. After the merger, Bush became the Chairman and CEO of Spectrum 7.
According to George Soros, Bush's presence at Spectrum 7 made the failing company more attractive than it would otherwise have been.[1]
Spectrum 7 was purchased by Harken Energy in 1986. Due to this purchase Bush became involved in the Harken Energy scandal.
References
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