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Jean Paul Getty and Pacific Western Oil Co
Page entitled : J. Paul
Getty's stock acquisitions and divorce settlement
Content of this page is about :
How J. Paul Getty started to buy shares in public oil companies to save the
Kettleman Hills leases and his divorce settlement with Adolphine Helmle
Extract :
... Sarah Getty strongly objected the purchase, arguing that this was speculation and unsound, particularly in light of the ongoing depression. Most board members agreed but they also saw the danger of losing Kettleman Hills. Paul prevailed on the grounds of strategic importance and was authorized to buy 130’000 shares of Pacific Western and 75’000 shares of Mexican Seabord oil companies for about $3.3 million. To finance the purchase, George F. Getty Inc contracted
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