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Re: Where'll Colgate clock end up? $1 million for city is riding on answer that Goldman likes
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Home away from home
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Not today, you don't.
Posted on: 2007/2/5 14:42
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Re: Where'll Colgate clock end up? $1 million for city is riding on answer that Goldman likes
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Home away from home
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Quote:
God -- I want that job!
Posted on: 2007/2/5 4:28
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Re: Where'll Colgate clock end up? $1 million for city is riding on answer that Goldman likes
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Home away from home
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Quote:
We wouldn't want to be late from work... now would we!
Posted on: 2007/2/5 3:40
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Where'll Colgate clock end up? $1 million for city is riding on answer that Goldman likes
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Home away from home
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Where'll Colgate clock end up?
$1 million for city is riding on answer that Goldman likes Jersey Journal -- Jarrett Renshaw -- Location -- Jan 31 I f the historic Colgate clock had ears instead of arms, they would surely be ringing these days. That's because the Jersey City landmark is silently at the center of a legal shell game between city lawyers, Goldman Sachs and the Colgate-Palmolive Co. The clock was installed on the Colgate factory in 1906 and has most recently served as an icon of the city's industrial past - not to mention being the lone piece of advertising facing New York City. Jersey City attorneys want the $1 million they argue was promised to them by Colgate in exchange for keeping the clock on the waterfront. Colgate officials don't dispute the amount, but they do say the cash was contingent on relocating the clock from its current position on the south side of the Goldman building to the pier near Sussex Street, a plan that is now facing opposition from Goldman Sachs officials - who say onlookers might think the clock and its logo signify their prestigious building is owned by Colgate. City officials barred Goldman Sachs from putting its own logo on its building, the state's tallest. But in order for the city to collect, it must play the role as mediator - or even potential litigator - between Goldman and Colgate. One likely scenario is a collaborative effort to turn the current site into a park, paying homage to the city's industrial past and to the country's military veterans, as well as providing a home for the clock. If that does not materialize, the city appears willing to put more legal muscle into relocating the clock. Goldman officials - intent on making their displeasure known to Colgate - are quick to remind the company when the clock is not telling the accurate time, which happens enough that Colgate has hired a part-time employee to swing by the clock several times a day. In fact, when this newspaper's photographer was taking photos yesterday, a voice from inside the clock yelled, "It's off by a couple minutes. It's going to take about an hour before it's telling the right time."
Posted on: 2007/1/31 10:54
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