Oxy shareholders will be charged $40 each for tour of new Armand Hammer museum.Oxy shareholders will be charged $40 each for tour of new Armand Hammer Armand Hammer (May 21, 1898 – December 10, 1990) was an American industrialist and art collector. Hammer was CEO of the Occidental Petroleum Company, an oil and natural gas exploration and development company. museum The general public will get its first peek inside the much-ballyhooed, and pooh-poohed, Armand Hammer Museum of Art and Cultural Center Sept. 27, although the $100 million Westwood edifice does not officially open until Nov. 28. The sneak preview sneak preview n. A single public showing of a movie before its general release. Noun 1. sneak preview - a preview to test audience reactions of the $90 million museum, which is being built largely with money from Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Corp.'s shareholders, is being sponsored by the Architectural Guild of the USC An abbreviation for U.S. Code. School of Architecture. Oxy's disgruntled dis·grun·tle tr.v. dis·grun·tled, dis·grun·tling, dis·grun·tles To make discontented. [dis- + gruntle, to grumble (from Middle English gruntelen; see shareholders, who have filed numerous lawsuits opposing the museum, might be further dismayed to know they will be charged $40 apiece to tour the museum. Adding insult to injury, members of the USC Architectural Guild are getting in for $25 each, USC students and faculty are getting in for $5 a head, and new USC Guild members and their sponsors are getting in gratis GRATIS. Without reward or consideration. 2. When a bailee undertakes to perform some act or work gratis, he is answerable for his gross negligence, if any loss should be sustained in consequence of it; but a distinction exists between non-feasance and . Oxy shareholders' sued the oil conglomerate and its board of directors last year, charging that the company's bankrolling of the museum was a waste of corporate assets and an attempt to glorify Oxy's 92-year-old chairman, Armand Hammer, at shareholders' expense. Those shareholder suits were settled earlier this month when a Delaware Chancery Court ruled that, among other things, Occidental could not spend more than $50 million on its new museum construction. That settlement is being opposed by major shareholder groups. USC's Sept. 27 tour event is scheduled to begin at 6 p.m. with a symposium exploring the urban design and community issues surrounding Oxy's museum project. The symposium is to be conducted by Edward Larrabee Barnes
It is to be followed at 6:30 with a reception and tours of the galleries and other museum spaces. Proceeds from the event are going toward scholarships, lectures, exhibitions and special programs at the USC School of Architecture. PHOTO : Artist's rendering: Armand Hammer Museum, foreground, and Oxy corporate headquarters |
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