Looking back, Sam Coats’ ’63 exposure to a Southwestern University liberal arts education was the perfect preparatory experience for his fast paced, demanding professional career.
Merriman Morton ’63 developed his interest in banking early on.As a young man he moved with his family to a number of small towns aroundHouston, in support of his father’s career as a Methodist minister. Morton noticed that in many of these towns the church and civic leaders were also the community’s bankers.
Most Americans still do not understand electric utilities, and many consumers have only a vague grasp of the intricacies of regulation and deregulation. This is a paradox of sorts; regulation, in particular, seems easy enough to grasp. The real difficulty lies in understanding how power companies have manipulated the regulators.