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John M Thornton

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NEWS
February 20, 1992 | TOM GORMAN, TIMES STAFF WRITER
Champagne maker John Culbertson is no stranger to the pitfalls of his fickle business. Like that time in 1983 when the refrigeration units at his Fallbrook winery failed, causing hundreds of bottles to explode. More than two-thirds of that 1983 bottling flowed into an avocado grove, leading Culbertson to remark: "You've got to have deep pockets in this business."
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NEWS
February 20, 1992 | TOM GORMAN, TIMES STAFF WRITER
Champagne maker John Culbertson is no stranger to the pitfalls of his fickle business. Like that time in 1983 when the refrigeration units at his Fallbrook winery failed, causing hundreds of bottles to explode. More than two-thirds of that 1983 bottling flowed into an avocado grove, leading Culbertson to remark: "You've got to have deep pockets in this business."
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NEWS
February 19, 1992 | TOM GORMAN, TIMES STAFF WRITER
During that enchanted October evening in the grand ballroom of the U.S. Grant Hotel, no one could have sensed the impending split between two of the most popular couples to grace La Jolla society. Wealthy, powerful John M. and Sally B. Thornton were hosting one of the elite private parties of the 1990 social season: a sumptuous dinner, followed by the San Francisco Ballet's "Sleeping Beauty"--a presentation underwritten by the Thorntons--at the Civic Theatre.
NEWS
February 19, 1992 | TOM GORMAN, TIMES STAFF WRITER
During that enchanted October evening in the grand ballroom of the U.S. Grant Hotel, no one could have sensed the impending split between two of the most popular couples to grace La Jolla society. Wealthy, powerful John M. and Sally B. Thornton were hosting one of the elite private parties of the 1990 social season: a sumptuous dinner, followed by the San Francisco Ballet's "Sleeping Beauty"--a presentation underwritten by the Thorntons--at the Civic Theatre.
BUSINESS
June 6, 1988
David B. Pivan has been elected chairman of Wavetek Corp., a manufacturer of electronic test equipment with headquarters in San Diego. Pivan, a director since February, 1987, succeeds John M. Thornton, who resigned as chairman but will continue as a director. Henry Reinecke Jr. has resigned as a director and has retired as senior vice president-new ventures.
BUSINESS
September 11, 1985 | JAMES BATES
Micom Systems, a Simi Valley-based manufacturer of computer communications equipment, promoted its founder, William A. Norred, from president to chairman, succeeding John M. Thornton. Thornton, chairman and chief executive of Wavetek, a San Diego-based test and measurement equipment firm, was named vice chairman of Micom. Norred said he plans to move away from managing Micom's daily operations and concentrate on such areas as product development.
BUSINESS
April 19, 1985 | BILL RITTER
Citing increased expenses from reorganizing its sales and marketing efforts, Wavetek Corp., San Diego, reported a net loss of $238,000 for the second quarter ended March 30. Net income in last year's second quarter was $919,999. Sales for the latest quarter reached $19.3 million, down 11%. For the six months, Wavetek's net income was only $3,000 on sales of $39.2 million, compared to net income of $1.1 million on sales of $38.3 million last year.
BUSINESS
April 3, 1985 | BILL RITTER, San Diego County Business Editor
John M. Thornton said Tuesday that he has stepped down as president and chief executive of Wavetek Corp. because he wants to spend more time with his other business interests. Thornton, a 20-year veteran of the electronic test and measurement equipment manufacturer, will remain as chairman. John W. Battin was named to replace Thornton.
BUSINESS
January 16, 1985 | BILL RITTER, San Diego County Business Editor
Benefiting from the rapid expansion of its cash-and-carry discount warehouses, Price Co. on Tuesday reported a 65% increase in first-quarter net income and a 67% jump in sales. For the quarter ended Dec. 23, 1984, net income reached $13.7 million, up from $8.3 million in the same period last year. Sales at the San Diego-based company during the period rose to $542.5 million from $324.9 million in the year-ago quarter.
NEWS
December 13, 1986 | From the Washington Post
The Internal Revenue Service on Friday threw up a brick wall in front of taxpayers seeking to grab last-chance tax deductions by paying for magazine and newspaper subscriptions, union and professional association dues, safe deposit box rentals and other business-related expenses for years in advance. The agency said taxpayers may write off against this year's taxes only the portion of the payment that covers next year.
BUSINESS
May 26, 1992
Here are the highest-paid executives among San Diego County's publicly owned companies. Name Title Company 1 Robert E. Draper P National Health Labs 2 Thomas A. Page COB,P,CEO SDG&E 3 Thomas J. Wageman P, CEO HomeFed Corp 4 Arnold L. Johnson P,CEO Magma Power Co 5 R.H. Goldsmith COB,CEO Rohr Industries Inc 6 Bernard E. Statland VP National Health Labs 7 Walter J. Zable COB,P,CEO Cubic Corp 8 Jack E. Thomas EVP,COO SDG&E 9 John F. Markus VP National Health Labs 10 David C.
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