 On February 26, 1986, the day after the completed takeover, Warren Murphy resigned, turning over the company to John A. Campbell, a man who had been one of his executive vice presidents.However, despite indisputable changes in the tenor and management of the company, its last major holding of contiguous old growth forest was ultimately preserved as environmental groups and various auspices of government worked to seek a deal that inevitably led to the creation of the Headwaters Forest in 1999 in exchange for $480 million in taxpayer's money.Between a desire to turn a higher profit and the need to start paying off the debt incurred from acquiring Pacific Lumber, Hurwitz's Maxxam replaced the sustainable growth policy of the previous owner-managers (primarily the Murphy family) with one of clearcutting.