Texas Instruments
Texas Instruments was founded by Cecil H. Green, J. Erik Jonsson, Eugene McDermott, and Patrick E. Haggerty in 1951. McDermott was one of the original founders of Geophysical Service Inc. (GSI) in 1930. McDermott, Green, and Jonsson were GSI employees who purchased the company in 1941. In November, 1945, Patrick Haggerty was hired as general manager of the Laboratory and Manufacturing (L&M) division, which focused on electronic equipment. By 1951, the L&M division, with its defense contracts, was growing faster than GSI's Geophysical division. The company was reorganized and initially renamed General Instruments Inc. Because there already existed a firm named General Instrument, the company was renamed Texas Instruments that same year. From 1956 to 1961, Fred Agnich of Dallas, later a Republican member of the Texas House of Representatives, was the Texas Instruments president. Geophysical Service, Inc. became a subsidiary of Texas Instruments. Early in 1988 most of GSI was sold to the Halliburton Company.
Odessa, Texas
The University of Texas of the Permian Basin (UTPB) began in 1973. UTPB was an upper level and graduate university until the Texas Legislature passed a bill in spring 1991 to allow the university to accept freshmen and sophomores. As of 2006, the university was holding discussions with the Nuclear Regulatory Commission about construction of a new High-Temperature Teaching and Test Reactor, which if successful, would finish licensing and construction around 2012. It would be the first university-based research reactor to be built in the US in roughly a decade, and be one of the few HTGR-type reactors in the world. In January 2006, UTPB's School of Business was awarded accreditation by the Association to Advance Collegiate Schools of Business International, which is generally regarded as the premier accreditation agency for the world's business schools. According to the university, only 30% of business schools in the United States, and 15% of world business schools, have received AACSB accreditation.