CALIFORNIA | LOCAL
June 15, 1994
MCA Inc. and five firms hired for post-quake work at Universal City Studios have been fined more than $100,000 for illegally releasing asbestos into the air while remodeling sound stages, state job safety officials said this week. All six defendants have denied the allegations and appealed to a board of the state Division of Occupational Safety and Health. A spokeswoman for MCA, Universal's parent company, said the firm is confident that it will win the appeal.
December 10, 1996 |
The name MCA Inc. largely disappeared Monday from the Hollywood landscape. In a move expected for some time, Seagram Co., the beverage and spirits giant that owns the entertainment company, changed the name of the corporate parent to Universal Studios Inc. The move reflects in part Hollywood's current obsession with "brands" and developing name identities that can be attached to a variety of entertainment products marketed globally.
May 16, 1996 |
Biondi Could Get as Much as $15.5 Million From Viacom: Frank Biondi Jr., who was fired as chief executive of Viacom in January and just hired as CEO of rival MCA Inc., will be paid as part of his employment agreement calling for $2.97 million in salary and as much as $10.7 million in bonuses. He will also get options for 1 million Class B Viacom shares and $1.8 million in deferred compensation. Details were filed with the Securities and Exchange Commission.
September 27, 1990 |
Stockholders sued MCA Inc. Wednesday, contending that a reported $7.5-billion acquisition offer from Japan's Matsushita Electric Industrial Co. is not enough. In the Los Angeles Superior Court suit, shareholders assert that MCA Chairman Lew Wasserman, Chief Operating Officer Sidney Sheinberg and others have negotiated the Matsushita takeover as part of a "scheme" to retain control of the company.
January 4, 1991 |
Matsushita Electric Industrial Co. said it officially completed its $6.59-billion acquisition of MCA Inc. on Thursday. The Osaka, Japan-based electronics company had completed a tender offer for MCA stock for $66 a share Dec. 29. Any MCA shares that were not tendered to Matsushita by that date were converted automatically into a right to receive the $66-per-share purchase price. Despite closing the deal, Matsushita's MCA unit still has not resolved a dispute with U.S.
January 22, 1991 |
Richard E. Baker has succeeded Harold M. Haas as chief financial officer of MCA Inc. In other moves, David R. Hancock has been named to the newly created post of vice president-financial operations and Dennis F. Dallara has been appointed controller, succeeding Baker. MCA was recently purchased by Matsushita Electric Industrial Co. for $6.59 billion. MCA President Sidney J.
September 15, 1995
MCA Inc. Chairman Emeritus Lew R. Wasserman will be honored Sept. 29 with the Presidential Medal of Freedom, the country's highest civilian honor. President Clinton will award Wasserman the medal in a White House ceremony. Wasserman is among 12 Americans who will be honored. Others include Children's Television Workshop creator Joan Ganz Cooney, children's television advocate Peggy Charren, former Wisconsin Sen. Gaylord Nelson, former Surgeon Gen. C.
January 19, 1991 |
Matsushita Electric Industrial Co. has appointed three of its top Japanese officers to a five-member executive committee that will oversee the company's newly acquired MCA Inc. unit. Matsushita said it named Executive Vice Presidents Masahiko Hirata and Tsuzo Murase to the committee, along with Senior Managing Director Keiya Toyonaga. MCA Chairman Lew R. Wasserman and President Sidney J. Sheinberg were also appointed to the newly structured committee.