armie hammer correct about arm&hammer. in fact, in the 1980s, armand hammer actually used a fair amount of his company's money to buy up a position in church and dwight, the makers of arm & hammer-- http://en.wikipedia.org/wiki/Arm_%26_Hammer. he did this as a joke, because of the similarity of the names, but of course the joke was really on the shareholders of oxy petroleum, whose money he was spending with wild abandon (for instance, he bought an art collection w/company money, and then put it into a museum bearing his name in LA.)
for that reason, and many others, armand hammer is still taught as an example of plundering, badly behaved management in corporate finance and bankruptcy classes. more reading: http://en.wikipedia.org/wiki/Armand_Hammer
On Splitting Heirs
armie hammer correct about arm&hammer. in fact, in the 1980s, armand hammer actually used a fair amount of his company's money to buy up a position in church and dwight, the makers of arm & hammer-- http://en.wikipedia.org/wiki/Arm_%26_Hammer. he did this as a joke, because of the similarity of the names, but of course the joke was really on the shareholders of oxy petroleum, whose money he was spending with wild abandon (for instance, he bought an art collection w/company money, and then put it into a museum bearing his name in LA.)
for that reason, and many others, armand hammer is still taught as an example of plundering, badly behaved management in corporate finance and bankruptcy classes. more reading: http://en.wikipedia.org/wiki/Armand_Hammer