CALIFORNIA | LOCAL
December 28, 1988 |
Jury deliberations began Tuesday in the trial of a young Glendale man charged with killing his father, a Filipino-American newspaper executive, and trying to disguise the slaying as a political assassination. In closing statements, an attorney for Arnel Salvatierra told the jury that the killing was justifiable because Salvatierra, now 20, had been abused by his father, Oscar.
July 22, 1992
Orange County moguls Merrill Butler and William Popejoy, previously with American Savings and the Robert M. Bass Group, are forming a new company that they say will provide financial and management services to the real estate community. Butler Popejoy Group, based in Irvine, will deal in four areas: development of affordable housing; acquisition of real estate from banks, thrifts and the federal Resolution Trust Corp.
February 3, 1995 |
A former American Honda Motor Co. executive on Thursday became the 19th person to plead guilty to federal charges of participating in a massive kickback and bribery scheme at the Torrance-based auto importer. James Mortimer, 39, a former Honda regional manager, pleaded guilty in U.S. District Court in Concord, N.H., to charges that he knew of the illegal actions of others--including two American Honda executives based in Orange County--but failed to report them.
April 12, 1996 |
Ford Motor Co. will assume virtual control of ailing Mazda Motor Corp., which has been battered by Japan's recession and the strong yen. Mazda and Ford, in a joint statement today, confirmed reports that Ford would increase its stake in Mazda from 24.5% to 33.4% of the company's shares and that Mazda would voluntarily cede management control to the No. 2 U.S. auto maker. According to the agreement, Mazda President Yoshihiro Wada will take the largely ceremonial post of chairman.
CALIFORNIA | LOCAL
June 30, 1999 |
Orange County's plans to convert the El Toro Marine base into a commercial airport were hit Tuesday with the airline industry's first criticism about safety at the proposed airfield. American Airlines, in a letter responding to an airport foe's questions, said tail winds and rising terrain means that easterly takeoffs on Runway 7 "will never be considered desirable or preferable from an airline or pilot's point of view." The June 14 letter from Robert W.
February 11, 1998 |
For the second time in less than a year, Hyundai Motor America Inc. has lost its top American official in what industry insiders say is an ongoing power struggle between the company's U.S. headquarters and corporate offices in South Korea. Robert Parker, Hyundai's senior vice president for sales and marketing, resigned abruptly Tuesday, just 11 months after taking the No. 2 post. Parker was not available for comment and Hyundai officials did not disclose the reason for his resignation.
December 1, 2004 |
Honda Motor Co. said Tuesday that Thomas G. Elliott, its highest-ranking American executive and a key player in the Japanese automaker's rapid growth, would retire next year. Elliott, 62, will be succeeded by John Mendel, former chief operating officer of Mazda Motor Corp.'s North American sales unit in Irvine. Elliott is second in command to American Honda Motor Co. Chief Executive Koichi Kondo and will work with Mendel until exiting the company.
September 8, 2003 |
At Hyundai Motor America Inc., two things have been on the rise: monthly sales figures and the number of executives walking out the door. After struggling for 15 years in the United States, Hyundai has enjoyed soaring sales, thanks to an aggressive marketing campaign, sharper vehicle designs and improved product quality. But this success hasn't stopped an executive exodus from the South Korean automaker's U.S. headquarters in Fountain Valley. Since May, four top executives have quit.
November 13, 1997 |
PolyGram, the world's largest record company, publicly apologized Wednesday for an "appalling" racial remark made last month by one of its top officials and appointed an African American executive to the Dutch-owned conglomerate's international management board. The apology follows a meeting Tuesday between civil rights leader Jesse Jackson and a group of senior PolyGram officials, including Chairman Alain Levy.
April 19, 1987 |
On April 7, I announced that I would leave Compaq Computer Corp. and the personal computer industry to pursue a religious vocation. Why would one of the founders of one of the most successful companies in American business history quit? If these were normal circumstances, I would have left because of a) undisclosed personal reasons, b) disagreement with others (the chairman, president, etc.), c) age or d) poor health. But none of these is the reason.