June 9, 2007

When Charles Murphy Sr. suffered a stroke in 1941, his twenty-one-year-old son, Charles Jr., pictured here, assumed management of the family business interests in timber, banking, and oil. In 1946, he and his siblings pooled their business interests into what, in 1964, became Murphy Oil Corporation, one of the most successful companies in the United States. Murphy served as the company’s chairman of the board until 1994.