Word: museum
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Testifying by videotape, Getty told jurors that a few days after sitting down with Liedtke, he had learned that the J. Paul Getty Museum had agreed to sell it's 11.8% stake in Getty Oil to Texaco. Getty, who controlled 40.2% of his family's oil company, described being approached by Texaco, which wanted to buy his shares. He explained why he agreed to make a deal: he feared that by keeping his shares while others sold out, he would be just a minority stockholder with no real power...
Many Texas oilmen believed the case hinged on the worth of a man's handshake. But Jamail buttressed his case with a memorandum of agreement signed on Jan. 2 by Liedtke, Getty and Harold Williams, who represented the J. Paul Getty Museum. The document called for Getty to be acquired by a partnership of Pennzoil and a trust composed of the Getty heirs. Jamail contended that Texaco had unethically pressured key Getty shareholders to break the pact with Liedtke and opt for a higher offer...
...paintings are not actually Rembrandts. So far 170 have been reclassified, and last week came word that experts have determined that two more works were painted by someone else. Special neutron photography confirmed that The Man with the Golden Helmet, a beloved masterpiece housed at West Berlin's Staatliche museum, does not match known examples of Rembrandt's work. After that dismaying news, London's National Gallery announced that its Scholar in a Lofty Room bears the signature of a Rembrandt imitator. "The fact that Helmet is not a Rembrandt may be disappointing, but it is still a very good...
...Economy & Business Washington's tax-reform movement gets rolling again. How some U.S. firms succeed in Japan. Museum stores sell culture...
...York City's holiday shoppers could be found last week at department-store sales. Thousands of people were snapping up presents at the Metropolitan Museum of Art's gift shops. Calvin and Sharon Petersen of Mantua, Utah, bought build-it-yourself paper medieval towns (price: $6.95). Cathy Smith of Medford, Ore., bought a framed print of Nathaniel Currier's lithograph The Favorite Cat ($38). For his mother, Steven Prince, a Los Angeles businessman, selected a shawl imprinted with the tree of life ($25). Says Prince: "Museums sell items of quality. They bring art to the people...