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BUSINESS
July 3, 1990 | JOHN O'DELL, TIMES STAFF WRITER
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 a $5.
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BUSINESS
July 3, 1990 | JOHN O'DELL, TIMES STAFF WRITER
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.
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BUSINESS
April 12, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
H. David Bright, who was ousted as chief executive of troubled National Education Corp. last year, may be in line for millions of dollars in severance payments and other benefits following an arbitrator's ruling that he was not terminated for cause. NEC said Wednesday that an American Arbitration Assn. arbitrator had ruled that Bright, once the second highest-paid executive in Orange County, "was not terminated for 'cause' as defined by his employment contract and that Mr.
BUSINESS
July 3, 1990 | JOHN O'DELL, TIMES STAFF WRITER
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 a $5.
BUSINESS
July 3, 1990 | JOHN O'DELL, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
April 12, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
H. David Bright, who was ousted as chief executive of troubled National Education Corp. last year, may be in line for millions of dollars in severance payments and other benefits following an arbitrator's ruling that he was not terminated for cause. NEC said Wednesday that an American Arbitration Assn. arbitrator had ruled that Bright, once the second highest-paid executive in Orange County, "was not terminated for 'cause' as defined by his employment contract and that Mr.
BUSINESS
February 12, 1986
National Education Corp. of Newport Beach said profits in the fourth quarter of 1985 increased 30% to $4.6 million from $3.5 million. Revenues for the period were $47.3 million, unchanged from the year before. For the full year, the company had profits of $12.5 million, including a $972,000 extraordinary gain from the sale of real estate and the company's home health care operations. In 1984, the company earned $12 million, including one-time gains of approximately $1.1 million.
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