Bright Banc Savings

HR “Bum” Bright was a local Dallas businessman who, at the heighth of his career, owned a bank, an oil company and the Dallas Cowboys. By 1990, he was one of the richest men in the state of Texas. Then the oil crunch hit, the real estate market crumbled, savings and loans needed to be rescued by the government and the Dallas Cowboys experienced a lull with the firing of legendary coach Tom Landry.

Continue reading

Annuity Board of the Southern Baptist Convention

Originally formed to aid retired Baptist Ministers with their pensions, the Annuity Board of the Southern Baptist Convention grew to a net worth of around $3 billion by the early 1980s with $3 million in annual growth. They were second only to the Methodist Pension Board in Chicago in size among not for profit religious pension companies at the time.

Continue reading

Peat, Marwick, Mitchell & Co.

When I was hired by Peat, Marwick, Mitchell & Co. in the fall of 1986 I had never even heard of the “Big Eight” accounting firms but my wife had, being she was an administrative assistant for the CIO of Convex Computer Company (a Cray rival in the scientific processing arena). I was brought on board for the City of Dallas Water Utilities project where I was handed over the AR sub-system.

Continue reading