Background
Kerr, Baine Perkins was born on August 24, 1919 in Rusk, Texas, United States. Son of James Herman and Myrta Blake (Perkins) Kerr.
Kerr, Baine Perkins was born on August 24, 1919 in Rusk, Texas, United States. Son of James Herman and Myrta Blake (Perkins) Kerr.
He served in World World War II, and graduated from the University of Texas at Austin.
Kerr was president of Pennzoil and on the board of directors from 1964 to 1994. In the 1980s he served on the "Energy Engineering Board" of the National Research Council. In 1989 he was paid a $10 million bonus for his work on a lawsuit for Pennzoil that resulted in a $3 billion settlement from Texaco.
Kerr recommended that Bush make the loan, but that he also demand some stock in Fidelity Printing as part of the deal.
When Fidelity Printing was sold, Bush cashed in his stock for $99,600 in profit, a gain of 1,900 percent on his original investment. When Mr. Bush became president he named his presidential yacht "Fidelity" because of this business deal.
Served with United States Marine Corps Reserve, 1942-1955. Member Chancellors, Order of Coif, Phi Beta Kappa.
Married Mildred Pickett Caldwell, June 13, 1942. Children: Baine Perkins, John Caldwell, James Robinson, Mary Blake Kerr Winters.