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.
October 11, 1995 |
Do the violent gyrations of major technology stocks on national stock markets threaten storm damage to Southern California's small high-tech companies? The answer is it's largely distant thunder, although there could be an echo in the cost of financing for the region's 3,000 computer equipment and service companies and its hundreds of biotech and medical instrument companies.
July 5, 1999 |
California companies raised a record $4.6 billion through initial public stock offerings in the year's first half, according to Thomson Financial Securities Data. Nearly $3.3 billion came in the second quarter, and analysts say the steaming market for IPOs shows no sign of cooling. An annotated glance at the trends: * The Geography Gap: The Civil War. A Carolina college basketball game. And California's capital-raising battle. These are all things the South is unlikely to win.
October 13, 1993 |
If this were a horror movie, it would be called "The Loophole That Haunts California." In 1981, the Legislature wanted to channel investment into small, struggling California companies and away from "non-productive assets" such as gold, silver and antiques. To do so, it passed a bill eliminating the capital gains tax for people who bought stock in such companies after Sept. 16, 1981, and held onto it.
CALIFORNIA | LOCAL
May 9, 2001 |
Uh, Senator? There's an adult film star here and she would really like to speak with you. Words to that effect echoed throughout offices Tuesday in the state Capitol as nearly two dozen adult entertainment professionals--actors, strip club operators, sex toy distributors and 1st Amendment attorneys--conducted a daylong lobbying blitz.