November 12, 1990 |
Bernard L. Schwartz, chairman and chief executive of New York-based Loral Corp., doesn't make any apologies for the fact that his $3.2 million in compensation made him the defense industry's highest-paid executive last year. Asked recently about his compensation, Schwartz said: "We're in a competitive market and we pay well for good performance. I'm reminded of a remark made by Babe Ruth when he was asked why he made more money than the President. He said, 'Well, I had a better year.'
August 25, 1992 |
The confusion continues for Loral Aeronutronic's 1,700 employees in Newport Beach. Bernard Schwartz, chairman of parent Loral Corp. in New York, told the Dallas Morning News that 300 to 500 jobs will probably be transferred from Newport Beach to a plant in Camden, Ark. Loral will acquire the Arkansas plant Aug. 31 as part of its $475-million purchase of the aerospace operation of Dallas-based LTV Corp.
May 23, 1998 |
President Clinton authorized a U.S. aerospace firm to launch a satellite in China earlier this year, despite warnings from the Justice Department that the move would jeopardize an ongoing investigation of the company, headed by a major Democratic donor, according to internal documents released Friday by the White House. National Security Advisor Samuel R. "Sandy" Berger said in a memo to the president on Feb.
August 5, 1990 |
On Wall Street, Loral Corp. Chairman Bernard Schwartz is something of a hero. Stock watchers use adjectives such as "brilliant" and "amazing" to describe his acquisition strategy, which has transformed a small, money-losing New York company into a highly profitable, $1.27-billion defense electronics leader. But on Main Street, Schwartz's reputation is a bit less stellar. His strict devotion to quarterly profit growth sometimes means belt tightening at newly acquired companies.
CALIFORNIA | LOCAL
June 9, 2006 |
Riverside County Superior Court Judge Bernard J. Schwartz was censured Thursday by the state Commission on Judicial Performance for statements he made to police during his arrest for driving under the influence of alcohol last year in Pismo Beach. The director of the commission said censure was the panel's most serious punishment short of being removed from the bench. Schwartz, 45, can continue to preside over criminal hearings.
February 2, 2001
* Loral Space & Communications Ltd. is abandoning its plan to offer high-speed Internet service to consumers, Chief Executive Bernard Schwartz said. Loral will stick with its main businesses, which include making satellites and leasing satellite communications capacity to corporate customers, Schwartz said at the Carmel Group's DBS 2001 conference in Los Angeles. Loral will act as a supplier of Internet and other broadband services to its customers rather than sell directly to consumers.