Armand Hammer Biography

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Armand Hammer Biography

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Armand Hammer (May 21, 1898 – December 10, 1990) was a Jewish-United States industrialist and art collector. Hammer was CEO of the Occidental Petroleum Company, an Petroleum and natural gas exploration and development company. Hammer was born in Manhattan, New York and attended medical school at Columbia University as a young man; he received his medical license in 1924 and, though he never practiced medicine, he relished being referred to as "Dr. Hammer." Instead, after graduating from medical school, Hammer extended earlier entrepreneurial ventures with a successful business importing many goods from and exporting pharmaceuticals to the newly-formed Soviet Union. He moved to the USSR in the 1920s to oversee these operations, especially his large business manufacturing and exporting inexpensive pencils. After returning to the US, he entered into a diverse array of business, art, cultural, and humanitarian endeavors, including investing in various U.S. oil production efforts. These oil investments were later parlayed into control of Occidental Petroleum. Throughout his life he continued personal and business dealings with the Soviet Union, despite Cold War taboos against such dealings by Americans. In later years he lobbied and traveled extensively at great personal expense, working for peace between the United States and the Communism countries of the world, including ferrying physicians and supplies into the Soviet Union to help Chernobyl survivors. Politically, Hammer was a staunch supporter of the United States Republican Party political party. He boosted Richard Nixon's President of the United States campaign with tens of thousands of dollars in campaign contributions. He was convicted on charges that one of these donations had been made illegally, but was later pardoned by Republican U.S. President George H. W. Bush. Simultaneously, the Hammers' name was widely used in propaganda by the Soviets. The contradiction between Hammer's open sympathy for the Soviet Union and his success as a capitalism, as well as his involvement in international affairs and politics, have made Hammer a subject of suspicion and conspiracy theory for many; further, his close relationship with former United States Democratic Party Tennessee United States Senate Albert Gore, Sr., despite Hammer's own party affiliations, has been the subject of especially broad scrutiny and speculation. Hammer was also an avid collector of Impressionism and Post-Impressionism paintings. His personal donation forms the core of the permanent collection of the UCLA Hammer Museum in Los Angeles, California. Despite popular myth, the relation between Hammer's name and the household product Arm and Hammer baking soda is coincidental. The pun was not lost on Hammer, though: during the 1980s, he attempted to buy Church and Dwight, makers of the Arm and Hammer line of products; he succeeded in buying a sizable minority interest and eventually sat on its board of directors. He claimed that his father Julius Hammer had named him after a character, Armand Duval, in La Dame aux Camélias by Alexandre Dumas, fils. In fact, according to Carl Blumay, his biographer and former press agent, Armand Hammer was named after the "Arm and Hammer" symbol of the Socialist Labor Party, in which his father had a leadership role in at one time. (After the Russian Revolution of 1917, a part of the SLP under Julius' leadership split off to become a founding element of the Communist Party of the USA.) Hammer was a philanthropist, supporting causes related to education, medicine, and the arts. Among his legacies is the Armand Hammer United World College of the American West (now generally called the UWC-USA, part of the United World Colleges). He embraced a kind of Victorian era view of world affairs, in which personal relationships could overcome geopolitics tensions. Through the mid-1980s, he tried to make his own life a model of this, and bragged that he was the only man to have known both Vladimir Lenin and Ronald Reagan. His generosity and diplomacy were recognized around the world, and by the time he died, Hammer had won the Soviet Union's Lenin Order of Friendship Among the Peoples, the U.S. National Arts Medal, France's Legion of Honor, Italy's Grand Order of Merit, Sweden's Royal Order of the Polar Star, Austria's Knight Commander's Cross, Pakistan's Hilal-i-Quaid-Azam Peace Award, Israel's Leadership Award, Venezuela's Order of Andres Bello, Mexico's National Recognition Award, Bulgaria's Jubilee Medal, and Belgium's Order of the Crown. Hammer hungered for a Nobel Peace Prize, and was nominated for one in 1988 for his outreach to end the Cold War, but the award went to Tenzin Gyatso, 14th Dalai Lama (the 14th Dalai Lama). He also appeared on The Cosby Show, saying that a cure for cancer was imminent. His confidence was not justified, as he died of bone marrow cancer in December 1990. He was 92 years old.
Quotations about Hammer



"Last night, referring to some of our modern business tycoons – specifically, Armand Hammer – I said that when they’re talking, they’re lying, and when they’re quiet, they’re stealing. This wasn’t my witticism; it was used long ago to describe the robber barons." - Charlie Munger, 2004 Berkshire Annual Meeting Category:1898 births Category:1990 deaths Category:American art collectors Category:Columbia University alumni Category:Impressionism Category:People from Manhattan Category:National Medal of Arts recipients Category:Recipients of American presidential pardons Category:Venona Appendix B eo:Armand Hammer ja:アーマンド・ハマー

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Courtesy of: http://www.wikipedia.org/

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