Word: occidentale
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For all of his anonymity, Olayan is well known to influential Americans such as Occidental Petroleum Boss Armand Hammer, former Bechtel Chief Stephen Bechtel and Chase Manhattan Bank Chairman David Rockefeller. Says Olayan, whose investment in Chase is second only to Rockefeller's 1.7%: "I make quite sure that...
Everyone except for six-year olds who've seen "Annie" knows that the thirties weren't all that happy. George Haimsohn and Robin Miller, who wrote the book and lyrics of Dames at Sea, surely do--but did they know what they were doing when they inserted a particularly offensive...
Merszei, who acquires the title of vice chairman, is to move to Houston to run the company's troubled Hooker Chemical Corp., which has been suffering from a profits-squeeze; while Hooker accounts for about a fifth of Occidental's $9.6 billion revenues, it contributed less than $10...
He is not alone. Hammer set out in life to pursue a career in medicine but was diverted into business instead. In 1957 he bought Occidental, then a West Coast oil company with just eight nearly played-out wells. Though he originally aimed to use his purchase merely as a...
A deal maker rather than a manager, Hammer has found that his secretive style and grabbing ways have won him few friends on Wall Street and none at all on the Securities and Exchange Commission, which has charged that in effect the company's board of directors amounts to...