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Bozell Column: Thanking An Old Friend

By Brent Bozell | November 08, 2011 | 23:57

A  A
Brent Bozell's picture

With a swoosh the Gulfstream 550 is effortlessly launched into the heavens for the hour-long slingshot from Dallas to Stillwater, the sleek jet headed for Oklahoma State University and the football field bearing the name of our host -- Boone Pickens Stadium. The game against Kansas State University is spectacular, a record 58,750 fans roaring their (now) #2-rated Cowboys to an explosive 52-45 victory.

It’s hard to believe this stadium was the scene of the crime five years ago.

In 2005 the energy billionaire tycoon made a $165 million gift to his alma mater, and in some media circles, believe it or not, people were fit to be tied. “ABC World News Tonight,” with Elizabeth Vargas playing Concerned Anchor and Brian Ross in the role of Intrepid Gum-shoe Investigative Reporter breathlessly disclosed to the nation that this gift was an “audacious” abuse of a “loophole” in that year’s Katrina Relief Act. It was an “apparently legal” maneuver to reap an unfair tax benefit.

The New York Times had different reasons to be upset. When OSU re-invested Pickens’ gift into Pickens’ hedge fund, this was Wrong, Wrong, Wrong. It found one lawyer to say Pickens was “a rich man manipulating charity for his own benefit,” and another to ask, “Is it a conflict of interest? Well, probably.” This after being told Pickens had waived all fees and commissions.

Boone and I chatted about this at the time. “If only I’d used the money to build a couple of yachts instead,” he’d sighed sardonically. Boone responded to critics his way: he increased his giving. Reportedly his donations to OSU have hit the $500 million mark.

So anyway five years later we’re in Boone Pickens Stadium, in Boone’s box – yep, he has one of those, too – and there’s controlled pandemonium, with family, staff, university officials, friends (including a couple of octogenarian childhood mates), alumni and students swarming. The school is electrified. Boone’s money has brought real talent, both in coaching and players, with state-of-the-art facilities taken for granted at Ivy League schools, but heretofore unknown to rural communities like Stillwater. It’s paying off. OSU is in the hunt for a national championship.

Through all the commotion I spy a young black man in a wheelchair, clearly crippled. I watch as Boone’s wife Madeleine tenderly takes his hand in greeting and they chat: there’s a connection there. I make my way over to him to get his story.

It’s both tragic and beautiful. Nate Waters, 33, was 19 when he got  into a fight with his mother’s boyfriend. That monster broke his neck. The doctors told him he’d never regain the use of any limbs, but Nate disagreed. Nate is brimming as he recounts this. This is a man who does not accept defeat.

But to do the proper rehab required regular visits to a clinic in St. Louis and a financial investment far beyond his means. So he reached out to others, over a hundred others. One by one all turned him down.

Discouraged and admittedly intimidated, he wrote “Mr. Pickens.” Who came through, assuming all rehab and equipment costs – over $80,000 to date. Nate is now Boone's guest in Boone's suite.

“Hope,” Nate says emphatically. “Boone gave me hope. I was on 'E' when Boone came into my life. For a business maven like Boone to identify with an inner city kid from Chicago like me, that was inspiration.”

Nate proudly waves the arms he was told he’d never move. “And I’m not done yet!” he beams.

I ask Boone if there are others. He shrugs. In fact there are others. An endless list of others. There are medical institutions nationwide funded by him. Brain centers. Cancer centers. Eye centers. Hospitals. For youngsters there are educational programs; for the elderly there are retirement communities; and in between for those in  need there are all manner of shelters, mentoring programs, activity centers, meals-on-wheels and the like. Museums have benefited, so have public policy groups and botanical gardens too. And there is money – lots of money – for dozens of military groups, especially for wounded warriors. That one tugs fiercely at this man.

How much in all? I ask. Boone smiles and answers quietly, “This year we’ll hit the billion mark.” Yes, as in one billion dollars in gifting. “And since I turned 70 I’ve paid $700 million more in taxes.” Then he adds almost in disbelief: “And they’re saying I haven’t done my fair share?”

I don’t know if my old friend Boone considered ours a private chat. The hell with it. Think about this charity, you Occupied Do-Nothings, the next time you bash the 1% that have been so instrumental in helping you in more ways than you’ll ever know – or appreciate.

About the Author

Brent Bozell is founder and president of the Media Research Center and publisher of NewsBusters. Click here to follow Brent Bozell on Twitter.
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Comments

Isn't it sad

Submitted by Tugboat Phil on Wed, 11/09/2011 - 12:26am.

That the people in the press that vilify Americans that have a lot of money, are the same that fawn over brutal dictators that have much more money that they have stolen from their own countries.

President Obama is a Muslim (from his own lips), Kenyan (read it from his publicist) a homosexual (read it on a news magazine cover) and a Socialist (I'm alive and can see it for myself)
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I said this before.

Submitted by NeoKong on Wed, 11/09/2011 - 7:34am.

I never understood why Republicans are so afraid to stand up for successful and wealthy people. Those are some of the people that drive this nation and make it great. This is why I laugh at the 99% movement. They literally have thousand and thousands of people all coming together and the best they can manage to do is erect shanty towns, crap on the sidewalk and mooch off of all the local merchants who actually have to work.
Boone Pickens on his own contributes more to the country in one month than that whole movement combined has in their entire lifetime.
Who is really the 99% ....?

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The answer is always the same....

Submitted by motherbelt on Wed, 11/09/2011 - 7:56am.

How much should the wealthy pay as their fair share?

More.

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Thanks, Brent!

Submitted by Newsbubba on Wed, 11/09/2011 - 8:44am.

I got up this morning and the first thing I read on Drudge is this: 

http://blog.heritage.org/2011/11/08/obama-couldnt-wait-his-new-christmas...

It really pissed me off.  I just knew I would be mad all day (at least till Happy Hour).

Then I come to NB and read your great blog about a great American, Boone Pickens.  It really changed my mood!

Thanks for making my day, bubba!

Comrade Bubba
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If Obama can tax Christmas trees........

Submitted by Rovin on Wed, 11/09/2011 - 10:29am.

.......then what's next? A Turkey Tax??? How about a registration fee on all reindeer? Santa should, after all, pay his fair share. Can the Ag department "promote" chicken eggs at Easter by adding a fee???

Rovin
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Dictating to a charity.

Submitted by E.S.Blofeld on Wed, 11/09/2011 - 12:00pm.

Brent,
Giving to a charity, taking the tax break and then telling the charity to invest all the given money back into your hedge fund is beyond me. I applaud the audacity of the plan. To build a stadium in your name and reap the rewards of being seen as a great generous person while taking full advantage of the tax code seems to undercut the "charity" aspect. Giving without strings attached is charity.
It was a WSJ report- http://blogs.wsj.com/wealth/2008/10/29/t-boone-pickens-honey-i-shrunk-th...
As for those wealthy enough to give-
http://givingpledge.org/#enter

Ernst

"Isn't it pretty to think that way?"-EH

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