October 1, 1987 |
As part of the continuing shrinkage of the company, loss-plagued Kaiser Aluminum & Chemical said Wednesday that it is cutting its corporate staff in Oakland by about 42% in the next several months. Kaiser Aluminum's headquarters staff of about 330 persons will be reduced by about 140, the company said. Most of the layoffs will happen in October, with the remainder following by early next year, spokesman Robert W. Irelan said. The layoffs will affect every department, Irelan said.
April 30, 1989 |
Most of the changes since last year's Sales 100 was published stem from the buyout rage that has overhauled the American economy in so many ways. Of the 13 companies that fell off the list, seven were the targets of buyouts: Lucky Stores was gobbled up by American Stores, Amfac was purchased by JMB Realty, KaiserTech Ltd. merged with Maxxam (No. 98 this year), Farmers Group became part of Batus, Lorimar Telepictures was acquired by Warner Communications, California First Bank bought Union Bank and assumed Union's name (the new company ranks No. 82 this year)
May 30, 1987 |
Cornell C. Maier will resign June 26 as chairman and chief executive of Kaiser Aluminum, where he has worked since 1949, KaiserTech Ltd., the Oakland company's newly formed parent firm, said Friday. Maier, 62, also will resign as vice chairman and president of KaiserTech, but not until Jan. 1, the company said. Maier will continue as a director of KaiserTech and Kaiser Aluminum and will serve as a consultant until Dec. 31, 1992. Maier will be succeeded at Kaiser Aluminum by James S.
July 8, 1987 |
Kaiser Aluminum & Chemical said Tuesday that it has hired two investment banking firms to help the Oakland company sell its chemicals business and to investigate possible joint-venture or sale opportunities for its aluminum operations. But despite the possible sales, Kaiser Aluminum, the operating subsidiary of KaiserTech Ltd., is not being liquidated, a company spokesman said.
April 24, 1988
Ranks total worldwide employees of California-based companies at fiscal year-end 1987. Total % change Rank Company employees from 1986 1 Beverly Enterprises 109,700 -5 2 Lockheed Corp. 99,300 2 3 Hewlett-Packard 82,000 0 4 Pacific Telesis Group 71,877 -4 5 Natl. Medical Enterprs. 71,000 -14 6 BankAmerica Corp. 65,151 -11 7 Wickes Cos. 64,800 8 8 Litton Industries 54,200 -2 9 Chevron Corp. 51,697 1 10 Occidental Petroleum 50,300 -1 11 American Medical Intl.
December 4, 1988
What do investment experts expect to happen in 1989 and what are they planning to do? Free-lancer writer Michele Lingre interviewed various professional money managers and others to find out. Excerpts of their comments follow: James P. Owen, managing director of Los Angeles' NWQ Investment Management, which manages $1.5 billion in assets for such clients as Directors Guild of America and Unisys. : "Now is a time to try not to lose money, as opposed to maximizing returns.
April 3, 1991 |
California State University trustees Tuesday identified the two men and one woman who are finalists to become chancellor of the 20-campus, 370,000-student system. The only candidate from inside Cal State is Warren J. Baker, president of Cal Poly San Luis Obispo. The other two are Shirley S.
April 24, 1988 |
In 1987, a new group of small California high-technology firms emerged from obscurity to win Wall Street's admiration, The Times 100 analysis shows. Among them were Digital Microwave, a radio equipment maker, specialized software publishers MacNeal-Schwendler and Informix, computer maker Teradata, and the computer chip manufacturer Linear Technologies.
April 24, 1988 |
Like racehorses leaping a tall stone wall on a steeplechase course, most of California's biggest stocks handily survived last October's stock market crash. The few that took hard falls in October of 1987, however, generally haven't recovered. That pattern is apparent from a look at the market values of California's 100 biggest stocks, which as a group recovered gamely after Oct. 19 and, overall, posted admirable gains between January, 1987, and April, 1988.