E. Pierce Marshall
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E. Pierce Marshall (born January 12, 1939 - died June 20, 2006) was an American businessman and son of J. Howard Marshall II. He was best known for his long-running legal dispute with his father's third wife, Anna Nicole Smith. Marshall was very principled and private man who disliked the publicity and and sensationalism that came from his dealings with Anna Nicole.
He received his undergraduate education from Pamona College in 1961. He bagan his career at General Motors as an engine test engineer, followed by a brief tour with the U.S. Navy. After leaving the Navy, Marshall worked for the New York investment banking firm of Loeb Rhodes. He used this experience later when he entered the securities brokerage business in the 1980's.
Begining in 1969, he moved to Houston to manage various investment projects with his father, including various roles at Koch Industries, International Oil&Gas and Marshall Petroleum. While continuing to work with his father he also worked with his father-in-law. In 1981, after his father-in-laws passing, he was elected Chairman of the Electron Corporation (an iron foundry concern). Later, he was appointed President of Electron and led the company through a successful turnaround. When his father's health began to deteriorate in 1993, he closed his securities brokerage business, delgated his responsibilities at Electron and assumed operational responsibilities at Marshall Petroleum.
His father died in 1995, leaving him the bulk of the family fortune, but much of the estate has been tied up in state and federal courts as his brother and his father's widow, Anna Nicole Smith, sought their share of the billion dollar fortune. His legal dispute with Smith reached the U.S. Supreme Court.
In 2005 Forbes magazine estimated his fortune at $1.7 billion, a valuation he rejected. Marshall was one of three voting shareholders of Koch Industries when he died of a brief but aggressive infection on June 20, 2006.
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