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James M Weld

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July 21, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Plaza Home Mortgage Corp. announced Tuesday that its president, James M. Weld, has resigned. The company gave no details about Weld's resignation except to say that it was effective Monday and that the executive believed it was time to move on. Weld, 40, said in a telephone interview that his departure was sudden because "It's hard to give 100% to a company when you are pursuing other things." He would not elaborate other than to say, "I would like to keep my options open."
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BUSINESS
July 21, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Plaza Home Mortgage Corp. announced Tuesday that its president, James M. Weld, has resigned. The company gave no details about Weld's resignation except to say that it was effective Monday and that the executive believed it was time to move on. Weld, 40, said in a telephone interview that his departure was sudden because "It's hard to give 100% to a company when you are pursuing other things." He would not elaborate other than to say, "I would like to keep my options open."
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BUSINESS
July 22, 1993
Plaza Home Mortgage Corp., whose president resigned earlier this week, said its profit for the second quarter dropped 8%. Earnings fell to $3.3 million, or 30 cents a share, from $3.7 million, or 34 cents a share, for the same period a year earlier. The mortgage banking company's profit for the first half of the year fell 11% to $6.2 million, or 56 cents a share, from $7 million, or 63 cents a share. The company said loan production by Plaza offices outside of California hit record levels.
BUSINESS
June 29, 1993 | JOHN O'DELL, TIMES STAFF WRITER
Plaza Home Mortgage Corp. said it has completed its previously announced acquisition of Sandia Mortgage Corp., a privately owned mortgage loan servicing company in Albuquerque, N.M. The purchase nearly doubles the size of Plaza's loan servicing portfolio as well as its income from servicing fees, but will result in the loss of an undetermined number of jobs in Orange County as Plaza combines its 40-employee Santa Ana loan servicing office with Sandia's larger facility in New Mexico.
BUSINESS
May 23, 1993 | TED JOHNSON and JOHN O'DELL, TIMES STAFF WRITERS
Complaints about the economy notwithstanding, executives at many of the largest public companies in Orange County completed 1992 in better shape than the businesses that paid them. The managers' improved fortunes came largely from a shift in recent years to so-called performance-based compensation. Under such plans, executives receive potentially lucrative stock options as incentives to increase corporate revenues, profits or stock price.
BUSINESS
May 23, 1993
Most Orange County executives got pay raises last year, in spite of the recession.
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