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Oxy Westwood Corp

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February 21, 1990 | ALLAN PARACHINI, TIMES STAFF WRITER
Heavy cost overruns may have caused Occidental Petroleum officials last summer to use accounting devices to switch millions of dollars from the Armand Hammer Museum of Art and Cultural Center books to other corporate categories. In order to settle a shareholder suit over financing of the center, Occidental had earlier agreed to hold costs for the Westwood facility to $60 million or less. To meet the goal, the oil company had to reduce the price of the museum by $18.
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March 1, 1990 | ALLAN PARACHINI, TIMES STAFF WRITER
Occidental Petroleum Corp. on Tuesday denied that it ever attempted to conceal construction costs of a Westwood museum being built to house the art collection of company chairman Armand Hammer. Ronald Asquith, the Occidental vice president in charge of construction of the Armand Hammer Museum of Art and Cultural Center, said in an affidavit filed in Wilmington, Del., that allegations that Occidental engaged in a scheme to artificially lower the apparent cost of the museum "are false."
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ENTERTAINMENT
March 1, 1990 | ALLAN PARACHINI, TIMES STAFF WRITER
Occidental Petroleum Corp. on Tuesday denied that it ever attempted to conceal construction costs of a Westwood museum being built to house the art collection of company chairman Armand Hammer. Ronald Asquith, the Occidental vice president in charge of construction of the Armand Hammer Museum of Art and Cultural Center, said in an affidavit filed in Wilmington, Del., that allegations that Occidental engaged in a scheme to artificially lower the apparent cost of the museum "are false."
ENTERTAINMENT
February 21, 1990 | ALLAN PARACHINI, TIMES STAFF WRITER
Heavy cost overruns may have caused Occidental Petroleum officials last summer to use accounting devices to switch millions of dollars from the Armand Hammer Museum of Art and Cultural Center books to other corporate categories. In order to settle a shareholder suit over financing of the center, Occidental had earlier agreed to hold costs for the Westwood facility to $60 million or less. To meet the goal, the oil company had to reduce the price of the museum by $18.
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