December 17, 1986
Lear Siegler, the Santa Monica conglomerate that has been a takeover target for the last two months, agreed today to be acquired by the New York investment firm of Forstmann, Little & Co. and by some members of Lear Siegler's management for $2.1 billion. The buy-out group said it will pay $92 cash for each of Lear Siegler's outstanding 17.8 million common shares and $230 cash for each of the company's 175,000 outstanding preferred shares.
May 25, 1990 |
Black state employees in California are more than three times as likely as Anglo workers to be disciplined or fired, according to a two-year state Personnel Board study. Blacks make up less than 12% of the state government work force in California, but they accounted for 38% of the firings and 33% of the dismissals during probation, according to a report on the study. Latino workers also are disciplined more often than Anglos, the report concluded.
CALIFORNIA | LOCAL
December 11, 2008 |
Student employees at California State University called off a threatened strike Wednesday after Darrell Steinberg, the new state Senate president pro tem, offered to mediate between the union and the college system. United Auto Workers Local 4123, representing about 6,000 students working as teaching and research assistants and tutors, is asking the university to give its members free tuition and fees, a benefit extended to other Cal State employees. The university says it can ill afford the estimated $8-million to $11-million cost of the proposal in the middle of the deepening state budget crisis.
CALIFORNIA | LOCAL
March 28, 2001
Nearly 530,000 teachers, administrators, custodians and other school employees across California will receive cash bonuses of almost $600 because their campuses significantly boosted test scores, state officials announced this week. The one-time rewards will reach employees at 4,502 schools--more than half of the state's campuses--as early as next month. Every employee at the schools will receive money under the $350-million program, known as the School Site Employee Performance Bonus.
August 5, 2003 |
Tenet Healthcare Corp., the nation's second-largest hospital operator, said Monday that it was strengthening its compliance team. The Santa Barbara-based company, which has 40 hospitals and 35,000 employees in California, has been the subject of several regulatory investigations into its billing and recruiting practices Tenet named Cheryl Wagonhurst, 43, its chief compliance officer. She will oversee a 40-person team that will include clinicians, accountants and legal experts.
May 6, 1995 |
California should link pay raises to performance and eliminate tenure for its 185,000 Civil Service workers, a government watchdog panel is recommending. The Little Hoover Commission also recommended turning more public work over to private industry, going outside Civil Service to hire government supervisors and making it easier for the state to promote and fire state employees. "California's Civil Service system . . .
October 6, 2010 |
One in a series of occasional reports about the U.S. unemployment crisis. Though some American firms are bringing overseas work back home, evidence is growing that companies are moving more jobs than ever to China and other countries ? a trend that could exacerbate efforts to bring down the nation's stubbornly high unemployment rate. One sign of increased offshoring is the rising number of applications for federal Trade Adjustment Assistance, which usually goes to factory workers who lost their jobs because their work was sent overseas or was undercut by cheaper imports.
CALIFORNIA | LOCAL
August 14, 2006 |
David Crane is a gifted investment banker who shared his expertise with government until he was dumped from a state board that invests teacher retirement funds. Lawmakers bounced him from the board, one of the biggest players on Wall Street, after he repeatedly questioned whether state pension funds could earn enough to keep paying retirement benefits to teachers and other politically powerful employees.
August 13, 2002 |
Los Angeles real estate brokerage Charles Dunn Co. has selected a vice chairman to lead an expansion of the 80-year-old company. Jay D. Haskell has been appointed to the new position and is expected eventually to succeed Walter J. Conn as chairman. Haskell, formerly chairman and president of competitor Seeley Co., already has hired former Seeley brokers Wayne Saldana and Mike Tingus, and he expects to bring in more help. Charles Dunn has 70 brokers in Los Angeles and Orange counties.