Edward “Tiger” Mike Davis, whose unsubtle memos to employees of Houston-based Tiger Oil Co. in the 1970s later became Internet favorites, is back in the news.
Kirk Kerkorian’s Tracinda Corp. settled a lawsuit last month against Davis after the company lost more than 99 percent of its investment in Denver-based Delta Petroleum Co., according to the Las Vegas Review-Journal.
Tracinda accused Davis of “devis(ing) a scheme to deceive (Tracinda) into investing in Delta…based on misrepresentations and omissions concerning Delta,” the newspaper reported.
Tracinda claimed Davis was motivated because he was able to get a kickback from then-Delta Chief Executive Officer Roger Parker. Davis got a finder’s fee of 263,000 shares that were worth about $5 million to bring Kerkorian to the table, the newspaper reported.
Davis’ attorney, Lew Brandon Jr., said Delta and Tracinda’s investment suffered from the collapse in oil prices in 2008, not from a scheme Davis created.
“Apparently unable to cope with the loss resulting from the worldwide recession, (Tracinda) seeks to pass the buck and blame (to Davis),” Brandon wrote.
Davis got attention in the past few years after the Houston Press, Huffington Post and E&P wrote stories about the gruff memos that he wrote to employees in the 1970s as owner of Tiger Oil.
The full stock of memos is at the end of this post. Here’s a sampling:
“Idle conversation and gossip in this office among employees will result in immediate termination. …DO YOUR JOB AND KEEP YOUR MOUTH SHUT!”
“Do not speak to me when you see me. If I want to speak to you, I will do so. I want to save my throat. I don’t want to ruin it by saying hello to all you (expletive).”
“If you are not happy working here, I suggest you get a job somewhere else, but you cannot work for Tiger Oil International without my approval. Any conversation of unhappiness or unrest among my employees pertaining to this will mean immediate termination.”