Concord Capital Management

A lanky, publicity-shy San Mateo investment adviser has unwittingly become an issue in the debate over Proposition 130, a statewide ballot measure that would radically change logging regulations in California. Harold L. (Hal) Arbit personally gave $940,000 to put the logging-reform measure on the November ballot--prompting timber-industry officials to say he is trying to manipulate timber stocks to benefit himself or his clients.

A lanky, publicity-shy San Mateo investment adviser has unwittingly become an issue in the debate over Proposition 130, a statewide ballot measure that would radically change logging regulations in California. Harold L. (Hal) Arbit personally gave $940,000 to put the logging-reform measure on the November ballot--prompting timber-industry officials to say he is trying to manipulate timber stocks to benefit himself or his clients.

INTELLIGENCE Trains, planes and Arlomobiles: In a final, frenetic effort to attract voters, Democratic gubernatorial candidate Dianne Feinstein will chug through the Central Valley this weekend by train while Republican Pete Wilson counters by air. Republican state attorney general candidate Dan Lungren also has taken to the air, accompanied by Gov. George Deukmejian.

Teledyne Inc. has long been Wall Street's idea of a good mystery novel. Run by two publicity-shy septuagenarians, the $4.6-billion (sales) conglomerate seems to be a breakup waiting to happen. But when? And what prices would the various pieces bring? Those questions have fascinated some Teledyne investors--and annoyed others--for years.

On one side are Hollywood celebrities, major environmental groups and a wealthy investment manager named Harold Arbit. On the other side are some of the nation's most powerful corporate interests: oil and chemical companies, agribusiness and the timber industry. Together, they are the key players in a series of multimillion-dollar campaigns being waged over four Nov. 6 ballot initiatives that affect the environment.