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 . . .
April 24, 1988 |
The Times 100 survey of California's publicly traded companies sheds considerable light on the present shape and future of the state's economy, but missing--and herewith accounted for--are many large and well-known companies that are privately held. Among those who eluded The Times 100 criteria, for example, is the world's largest and probably most secretive winery, Modesto's E & J Gallo, one of about 20 privately held concerns with annual sales close to or exceeding $1 billion.
CALIFORNIA | LOCAL
April 30, 2004 |
About 7% of Los Angeles Unified School District employees are absent from work on any given day, a number that is much higher than national averages and is triggering concern about the $172 million spent last year to hire substitute teachers and other replacements, according to a report released Thursday. As a result, officials are calling for changes in the ways the district discourages -- or inadvertently encourages -- employee absenteeism.
June 6, 2003 |
Biotech firm Millennium Pharmaceuticals Inc., whose cancer drug Velcade was just approved for sale in the United States, said Thursday that it would lay off 600 employees and close two facilities. One of the facilities is in South San Francisco and employs 210 people. Millennium spokeswoman Adriana Jenkins said some employees in California may be relocated to the company's headquarters in Cambridge, Mass. The layoffs will reduce the company's workforce from 2,300 to 1,700.