T. Boone Pickens

Boone Pickens is taking his first trip to China right now. Boone’s entourage (which includes his wife Madeline, CNBC’s Becky Quick and Andrew Littlefair, formerly President of Pickens Energy and now chief executive of Clean Energy Fuels) boarded a Gulfstream G-550 in San Diego yesterday bound for Beijing.
“We’re scheduled tight when we get there. I’ve got a lot of meetings, and I’ve got two speeches,” Pickens said on Squawk Box on Friday.
But it won’t be all business.
“We’re going to have a great time. See the Wall. I’ve never been there,” he said.
Perhaps more importantly, the trip is also something of an anniversary present for the Pickenses. The couple were married on July 16, 2005 in a small private ceremony. Last year, Boone threw a stunning surprise party for his wife’s birthday. She responded with an equally lavish birthday party for Pickens at the Bellagio in Las Vegas. In the past, some have wondered whether Madeleine could keep up with her husband’s highspeed life.
“Madeleine goes 100 miles an hour, but Boone goes 150, and he’s always on the move,” a friend told Portfolio.
We’ll leave it to the Mr. and Mrs. Pickens to decide who has trouble keeping up with whom. In the meantime, Boone, you might want to remember this phrase: Jì De Wǒ Ài Nǐ. It’s Chinese for “Remember, I love you.”
Related: CNBC is promising a live report from Quick in China tomorrow. For some reason, Joe Kernen on Squawk Box kept telling us that CNBC paid for Quick’s ticket aboard the private plane. Not quite sure why that’s such a big deal.

  • 30 Oct 2006 at 3:07 PM
  • legal

T. Boone Pickens’ Son Pleads Guilty

What’s sadder? The fact that people still try the whole phony stock tip trick or the fact that it apparently still works.

The son of billionaire oil tycoon T. Boone Pickens pleaded guilty to securities fraud Monday, admitting his role in a scheme to inflate the stock value of three companies so he could make hundreds of thousands of dollars illegally.
Michael O. Pickens, 52, of Nocona, Texas, entered the plea in U.S. District Court in Manhattan after signing an agreement calling for him to be sentenced to as little as four years and nine months in prison or as much as five years and 11 months.
Judge Loretta A. Preska set sentencing for Jan. 30 after Pickens entered the plea to three charges of securities fraud.

Oh. Right. Trick question. What’s really sad is drunkenly presumably) breaking into a fly-fishing shop.
Billionaire T. Boone Pickens’ son pleads guilty in NYC [Associated Press]

Fishing Is Very Important To T. Boone Pickens’ Son

fishing.jpgSo important that authorities caught Michael Pickens hiding under a table with a stash of items he had allegedly stolen from a Connecticut fly-fishing shop. The 51 year old angler spent three days in jail, unable to make bail. What’s worse, the fly-fishing arrest alerted authorities in New York of a bail violation related to charges of federal securities fraud in New York. He’s been ordered to appear before a federal judge in New York today.
Presumably, Connecticut trout are safe from Michael Pickens flies this weekend.

Son of billionaire oil tycoon T. Boone Pickens charged with burglary
[Associated Press via Court TV via WallStFolly]

Good Pickens

T. Boone Pickens on CNBC, talking about trading on fundamentals:
“I’m not a day trader, they just beat me to death when I try to do that…”
The best thing about financial news on TV is that a guy with an eTrade account in Missouri will interpret that statement in an entirely differnet way from a guy in New York in front of a Bloomberg terminal bank.
He’s also still beating the drum on the notion that there should be a global price for gasoline, maybe via taxing. “We’re out of step on gasoline when we’re clearly in a global oil market.”