Advertisement
YOU ARE HERE: LAT HomeCollectionsMismanagement
IN THE NEWS

Mismanagement

BUSINESS
November 19, 1994 | DEBORA VRANA, TIMES STAFF WRITER
The owners of Teachers Management & Investment Corp. in Newport Beach improperly transferred nearly $600,000 from one of the fund's three dozen partnerships, according to a report by the court-appointed manager for TMI's assets. Dennis B. Schmucker said in his report, filed Thursday in Orange County Superior Court, that TMI "paid itself in apparent violation of the partnership agreement" for Parducci Winery Ltd. and that there was a "co-mingling of partnership funds" with other accounts.
Advertisement
CALIFORNIA | LOCAL
April 19, 1997
The state auditor's office is set to investigate mismanagement allegations at Cerritos College in response to a unanimous vote this week by the state Joint Legislative Audit Committee. Requested by Assemblywoman Grace Napolitano (D-Norwalk), the audit will look into accusations that officials at the Norwalk campus violated state policies regarding budgeting, conflict of interest, shared governance and student attendance reporting, state Auditor Kurt Sjoberg said.
CALIFORNIA | LOCAL
October 28, 1997
The state auditor's office issued its report Monday on alleged improprieties at Cerritos College and said it found no evidence of mismanagement. "On all the substantive issues we came up clean," Cerritos College President Fred Gaskin said Monday. "I am pleased and extremely proud of the staff and am sorry they wasted their time."
CALIFORNIA | LOCAL
February 25, 1995
The Bell Gardens City Council fired the city manager Friday, saying he has mismanaged the city's operations, including its relationship with a casino that brings in 60% of the city's tax revenue. Four of the city's five council members voted in a special meeting to terminate Charles Gomez's contract effective immediately. Gomez, hired in March, 1993, said that his dismissal is the result of a personal feud with Mayor Maria Chacon. "She's been on my behind since I started," he said.
CALIFORNIA | LOCAL
June 23, 1987 | VICTOR MERINA, Times Staff Writer
Los Angeles Mayor Tom Bradley launched an independent investigation Monday into allegations of favoritism, mismanagement and misuse of confidential personnel information to discredit a "whistle blower" by the head of the city's General Services Department. The mayor's office announced that a three-member committee has been formed to conduct the inquiry. Bradley also sought help from City Atty. James K. Hahn and Police Chief Daryl F.
NEWS
July 16, 1989 | WILLIAM J. EATON, Times Staff Writer
The company had its headquarters in a stately Georgian brick building on a well-to-do street in Old Georgetown. Its founder, included in The Social List of Washington, was a pioneer in federally subsidized housing programs. The founder's son inherited his DRG Funding Corp., known popularly by the initials DRG.
NEWS
October 31, 1985 | MICHAEL ROSS, Times Staff Writer
Plagued by inefficiency, mismanagement and long delays, a showpiece U.S. aid project to provide Egypt's second-largest city with a desperately needed sewage system has been caught up in a major political scandal that raises doubts about whether the project will ever be completed as planned.
BUSINESS
June 15, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A former money manager for New York Life Insurance Co. on Wednesday sued the company on behalf of participants in the company's pension and 401(k) plans, alleging that the insurer broke federal laws when it diverted millions of dollars from the plans to jump-start a group of company-owned mutual funds. The case is likely to add steam to the burgeoning debate between large corporations and their employees over how retirement money should be managed.
CALIFORNIA | LOCAL
July 8, 1994
City Controller Rick Tuttle urged Mayor Richard Riordan on Thursday to appoint a commission to oversee the management of Olvera Street. The historic tourist spot lies in the heart of the El Pueblo Plaza, the city's birthplace. Shops and restaurants give the square the ambience of a Mexican marketplace.
NEWS
September 7, 1991 | From Times Staff and Wire Reports
The Navy is mismanaging a key part of its Seawolf attack submarine program, and, as a result, may spend hundreds of millions of dollars on a weapons system that "may never work," government investigators said. A report by the General Accounting Office, the investigative arm of Congress, said the Navy is not adequately testing and evaluating the weapons system's computer software in the early stages of its development.
Los Angeles Times Articles
|