From the man who brought you some of the most spectacular takeover battles in recent oil industry history comes a new venture: the autobiography of T. Boone Pickens Jr.
Pickens has never captured any of his oil company targets--including Cities Service, General American Oil, Superior Oil, Gulf Oil, Phillips Petroleum and Los Angeles-based Unocal--but he was able to walk away with a $1.5-million advance from Boston-based Houghton Mifflin, which will publish Pickens' autobiography in the spring of 1987.
"I couldn't take over Unocal, so I decided to become a writer," Pickens said in an interview.
The book, which doesn't have a title yet, "will start as far back as I can remember," he said. "It will have something about all the deals and all the personalities involved in the deals."
The $1.5-million advance is "not too shabby," one publishing industry source said.
Among other big advances paid in recent years: David A. Stockman, the former federal budget director, received more than $2 million for his autobiography, which Harper & Row will publish next spring; Playboy founder Hugh Hefner got an undisclosed seven-figure advance; Jeane J. Kirkpatrick, former U.S. ambassador to the United Nations, reportedly received $1 million, while unsuccessful Democratic vice presidential candidate Geraldine Ferraro reportedly reaped somewhat less.