May 24, 1993 |
For more than a decade, Desia Ritson waited on tables at other people's restaurants more than she cares to recount--the Proud Bird in Inglewood, Ship's Coffee Shop in Culver City and the Fire Pit in Del Mar to name a few--before she caught her first break in the catering business. After trying for three years, Ritson won a small government contract in 1986 to feed illegal immigrants who were detained at the Mexican border.
April 28, 1992 |
As a group, California's most profitable companies during 1991 had something in common with everybody else: an off year. The Times 100 list of California firms that return the best value to shareholders shows some healthy returns indeed. But reflecting hard times, the newest results pale next to the returns shown on the previous year's list. The list ranks companies by two years' average return on equity. This year's winnner, Syntex Corp., clocked in at an admirable 46%.
May 29, 1990 |
Keizo Yoshida is the top officer of Sumitomo Bank of California, a big, profitable institution. Yet with an annual pay package worth $210,400, he earns only a fraction of what executives at similar banks take home. Yoshida isn't destitute, of course. But neither is he unique. Even as big money gets all the headlines, a surprising number of top executives are paid relatively modestly.
February 5, 1991 |
It was freezing in the Soviet Union late in January. Food was scarce in some places, and the forces of reaction seemed to be gaining. These factors apparently did not account for the presence here in sweet and balmy San Francisco of five members of the Leningrad City Soviet, whose week of meetings and seminars culminated in an extraordinary luncheon in the plush dining room of Baker & McKenzie, which bills itself as the world's biggest law firm.
May 26, 1991 |
It clearly pays to be a top officer of one of California's top corporations, but company insiders often get far more than just a salary, perks and lucrative severance arrangements. In many cases, they are involved in other business arrangements with their firms that can pay off in a big way. Hamburger mogul Carl Karcher, for example, drew a relatively modest $389,169 in cash compensation from Carl Karcher Enterprises last year.
September 4, 1995 |
Ray Dellerba remembers a time not so long ago when bankers like him worked bankers' hours, took long lunches, golfed regularly and never came in on weekends. These days he works 12 hours a day, often through lunch, puts in more hours at home with a laptop computer and spends two full Saturdays a month at the office. "I've never worked harder in my life," says the 47-year-old president of Eldorado Bank in Irvine. Balbir Mann starts his workday at 2:15 a.m.
May 6, 1997
The largest banks and thrifts--including savings and loan institutions--based in California ranked by asset size as of Dec. 31.
March 14, 1997
The cost of doing business in California varies from city to city, with northern communities showing, on average, higher business taxes and other public fees than in the Southland. The survey by Los Angeles-based consultant Kosmont & Associates found Los Angeles to be the most expensive city in the state after considering all taxes and fees. However, because of low vacancy rates, rents in downtown San Francisco may be twice as high as rents in downtown Los Angeles.
February 11, 1993 |
The air was thick with frustration at a meeting Wednesday of Southland chief executives, who offered their views on the business climate in California that some find so hostile that they're heading for the border. There was Yvonne Cucci, president of South Bay Screen Print, a sportswear manufacturer, complaining that time spent fighting workers' compensation claims is costing her sales. She's looking to relocate by the summer of 1994. There was Robert E.