Clayton West is "a diversified with major interest in nuclear power, mining & drilling operations, life insurance, and sales of jewelry".(Chapter 20) It is known to the stocks as NYSE:CLAY and headquartered in St. Louis; it's CEO being Raymond Tusk.
In 1980, Tusk left KKR, and with the help of contacts he had met in the industry, launched an LBO of his own. His target: Clayton West, a distressed mid-cap energy firm specializing in coal and natural gas. The firm was a victim of terrible management and irresponsible oversight. Upon buying out the remaining shareholders, Tusk replaced the board, taking command as the firm's new CEO.
Over the course of the next 20 years, Tusk expanded the business on a massive scale. As the firm's earnings grew, Tusk borrowed on a serial basis. He began acquiring any competition he could find, and at any cost. If the target of his takeover did not accept his tender offer, a hostile takeover ensued instead.
By 1990, Clayton West's market cap had increased from $450,000,000 to over $12.5B. The 1990s brought on increased activism from environmentalists and as a result, further scrutiny against coal producers like Clayton West. Tusk decided that rather than preserve his coal business in the short-term, he would steer Clayton West towards the future of energy, nuclear power and fission power research. Clayton West divested itself from coal exploration and sold off all it's dirty energy arms. In combination with a massive issue of debt, the revenue generated by the firm's liquidation of countless coal divisions provided Tusk with enough cash to launch a full scale switch to nuclear power. Beginning with power plants in the Midwest, Tusk began building his energy empire as never before.
At the turn of the century, Clayton West expanded its nuclear business to Asian markets, a region that relied heavily on smog inducing coal power. China was the primary, and largest project of the firm's global expansion. China was also in the middle of political revolution, from communist ideals to managed capitalism. The Chinese's government's exit from business provided the conditions for Clayton West to secure a dominant market share in China's infant, but exponentially growing public economy.
By 2005, Clayton West's market cap had increased to an astounding $90,000,000,000; 30% of which was owned by well grounded CEO, Raymond Tusk.
In 2013 and with the 20-yr veteran Tusk at the head, Clayton West reached a market cap of $150 billion, making it the largest nuclear power producer in history. As of 2014, Raymond Tusk has an estimated net worth of US$42.5 billion.