July 3, 1990 |
National Education Corp. has agreed to pay H. David Bright, its former chairman and chief executive ousted in a management shake-up last year, about $5 million in cash and future pension benefits to settle a claim that he was wrongfully terminated last year. The company said Monday that the award, which it would not specify, will all but erase the $5.
April 18, 1986
National Education Corp. said first quarter net earnings increased 61% to a record $2.3 million from $1.4 million a year earlier. Revenue was up 2% to $44.6 million from $43.7 million. H. David Bright, president of the Irvine-based chain of training centers, attributed the results to continued strong performance of the company's schools and training operations.
May 7, 1986
National Education Corp. said it has completed its $100-million acquisition of two training divisions from Gulf+Western Industries. H. David Bright, NEC's president, said the Deltak and Resource Systems International units had combined revenue in 1985 of more than $75 million. Deltak, headquartered in Illinois, provides training in data processing and management. Resource Systems produces custom-designed training materials for the utility and industrial companies.