May 4, 2009 |
Lloyd Charton recalls a fateful knock on the door. At his Dana Point home stood a cheerful man with an impressive knowledge of Charton's personal life. It was a neighbor, Dan J. Harkey. Harkey congratulated him on his retirement and asked about a recent vacation. He told him about his company, Point Center Financial Inc., which raised money from private investors and lent it to real estate developers.
February 19, 2008 |
A few weeks ago, the chairman of online auction site Bidz.com forecast good news ahead. The company was headed for another blowout quarter, David Zinberg said, with sales topping the already-rosy projections made in November. The announcement was designed partly to quell questions that had been swirling around the Culver City-based company for months.
March 2, 2012 |
Three Museum of Contemporary Art officials with key financial roles -- the chief operating officer, fundraising director and a trustee who chaired the board's finance committee -- have left MOCA in the last three months. They had been at their posts less than a year. Meanwhile, since Jeffrey Deitch became MOCA's director in mid-2010, efforts have stalled to pay down large deficits the museum incurred from 2000 to 2008 by illegally raiding its endowment. A source, who spoke on condition of anonymity because of the sensitivity of MOCA's finances, said it has projected a deficit for the current fiscal year, which ends June 30. The spate of recent departures and two others in mid-2011 is "a turnover that begins to look like turmoil," MOCA's former chief executive, Charles E. Young, said this week.
May 5, 2012 |
There are frequent fliers, and then there are people like Steven Rothstein and Jacques Vroom. Both men bought tickets that gave them unlimited first-class travel for life on American Airlines. It was almost like owning a fleet of private jets. Passes in hand, Rothstein and Vroom flew for business. They flew for pleasure. They flew just because they liked being on planes. They bypassed long lines, booked backup itineraries in case the weather turned, and never worried about cancellation fees.
June 29, 2008 |
If you're facing years of student loan payments but aren't making much money because you're working in public service, the federal government has some good news for you. A law that takes effect Tuesday could allow you to have some of your college debt forgiven.
December 27, 2008 |
Natalie Hickey left her small hometown in Ohio six years ago and aimed her beat-up Dodge Intrepid for the West Coast. Four years later, she realized a long-held dream and graduated with a bachelor's degree in photography from Brooks Institute in Santa Barbara. She also picked up $140,000 in student debt, some of it at interest rates as high as 18%. Her monthly payments are roughly $1,700, more than her rent and car payment combined.