Michael Armand Hammer, Los Angeles business mogul and father of actor Armie Hammer, has died at age 67.
TMZ was the first to report that Hammer, grandson of Occidental Oil founder Armand Hammer, died on Sunday, Nov. 20.
A rep for the family confirmed the news to People in a statement.
“Michael Hammer has passed away after a long, hard fight with cancer and is now at peace,” read the statement.
Read More: Armie Hammer Sued By American Express For Overdue Balance Of 67K: Report
Hammer was reportedly left most of his late grandfather’s 40-million fortune.
In addition to serving as a vice president at Occidental Oil, as well as sitting on the board of directors, Hammer was also associated with Hammer Productions, the Armand Hammer Foundation, Hammer Galleries and the Hammer International Foundation.
Hammer is survived by sons Armie, 36, and Viktor, 34, from his marriage to ex-wife Dru Ann Mobley.
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TMZ was the first to report that Hammer, grandson of Occidental Oil founder Armand Hammer, died on Sunday, Nov. 20.
A rep for the family confirmed the news to People in a statement.
“Michael Hammer has passed away after a long, hard fight with cancer and is now at peace,” read the statement.
Read More: Armie Hammer Sued By American Express For Overdue Balance Of 67K: Report
Hammer was reportedly left most of his late grandfather’s 40-million fortune.
In addition to serving as a vice president at Occidental Oil, as well as sitting on the board of directors, Hammer was also associated with Hammer Productions, the Armand Hammer Foundation, Hammer Galleries and the Hammer International Foundation.
Hammer is survived by sons Armie, 36, and Viktor, 34, from his marriage to ex-wife Dru Ann Mobley.
Click...
- 11/22/2022
- by Brent Furdyk
- ET Canada
Somebody certainly knows how to dress for a swearing-in ceremony! Secretary of State Hillary Clinton livened up things on Thursday night with some quirky accessories - and a good sense of humor - while she was swearing in Assistant Secretary for Public Affairs Michael Hammer. Surrounded by his family and friends, Clinton joked with Hammer, "Mike, I was in a real dilemma. I have pantsuits in nearly every color - except purple." Purple is, apparently, Hammer's favorite color - and his wife and kids were appropriately dressed in purple accents for the occasion. Luckily, though, Clinton, who earlier this year...
- 6/22/2012
- PEOPLE.com
How can companies transform to fit the new business landscape? How can companies even realize they need to change? We continue our Leadership Hall of Fame series, a year-long look at the top business books and authors, with an excerpt from Reengineering the Corporation (1992) by Michael Hammer and James Champy.
The three Cs--customers, competition, and change--have created a new world for business, and it is becoming increasingly apparent that organizations designed to operate in one environment cannot be fixed to work well in another. Companies created to thrive on mass production, stability, and growth can't be fixed to succeed in a world where customers, competition, and change demand flexibility and quick response.
Some people blame corporate problems on factors beyond management control--closed foreign markets, the low cost of capital, and predatory pricing by foreign companies subsidized by their governments. They blame the federal government's mishandling of the economy, its regulations,...
The three Cs--customers, competition, and change--have created a new world for business, and it is becoming increasingly apparent that organizations designed to operate in one environment cannot be fixed to work well in another. Companies created to thrive on mass production, stability, and growth can't be fixed to succeed in a world where customers, competition, and change demand flexibility and quick response.
Some people blame corporate problems on factors beyond management control--closed foreign markets, the low cost of capital, and predatory pricing by foreign companies subsidized by their governments. They blame the federal government's mishandling of the economy, its regulations,...
- 5/3/2011
- by Michael Hammer and James Champy
- Fast Company
We continue our examination of the business book Reengineering the Corporation with an interview of author James Champy. Why does he think the book was successful, and how has the business world been seduced by the latest strategy du jour?
What was the impetus for you to write Reengineering the Corporation?
In our consulting work, we started to see companies operating in new ways. For example, it took Ford 500 people to do the same work that Mazda was doing with 5 people. We also saw that companies had become overly complex, bureaucratic, fragmented in their structures and work. We consulted with an insurance company that was taking 24 days to do ten minutes of real work because the work had to move through so many different departments. Information technology was also starting to play a role in improving operations, but companies that just automated old processes were not improving their performance. So...
What was the impetus for you to write Reengineering the Corporation?
In our consulting work, we started to see companies operating in new ways. For example, it took Ford 500 people to do the same work that Mazda was doing with 5 people. We also saw that companies had become overly complex, bureaucratic, fragmented in their structures and work. We consulted with an insurance company that was taking 24 days to do ten minutes of real work because the work had to move through so many different departments. Information technology was also starting to play a role in improving operations, but companies that just automated old processes were not improving their performance. So...
- 5/3/2011
- by Kevin Ohannessian
- Fast Company
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