Spectrum 7

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Spectrum 7
Founders

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

  1. "Soros adds to doubts on Bush business deals". The Sydney Morning Herald . 20 July 2002.