July 21, 2009 |
The seizure of the St. Regis Monarch Beach, where American International Group Inc. sponsored a luxury retreat just days after accepting a federal bailout, is the most dramatic sign yet of the deep troubles in the market for high-end hotels. Citigroup Inc. took over the Dana Point hotel and golf course Monday after months of negotiations over a $70-million loan that was in default.
March 24, 2009 |
For the first time since the Raiders and Rams left the L.A. area in 1994, the NFL is back, this time for its annual March frolic, but how fitting they'd get the cold beach here. AIG stayed at the St. Regis Monarch Beach in Dana Point last September, spending more than $400,000 in bailout money, and now it's the NFL, meeting here to talk about tough economic times.
October 19, 2008
Let me get this straight. AIG just hosted a $440,000 retreat at the St. Regis in Monarch Beach for its senior executives just days after receiving $85 billion in a taxpayer-funded bailout. (Consumer Confidential, Oct. 9). Wachovia, teetering on the brink of financial ruin as attorneys for Citigroup and Wells Fargo duked it out, would also receive taxpayer money and yet sent its top brokers on an all-expense-paid cruise to the Greek Isles. Their justification: "This is one way that we recognize our top financial advisors."
January 4, 2004
Re "Coast Homes Battle Grows," Dec. 1: I bought my property at Niguel Beach Terrace 20 years ago and dutifully lived there alone, never rented, never did anything to take advantage of the discounted sales price offered me many years ago due to my financial status at that time. Years pass, and last year, my father became deathly ill with a disease that required my 24-hour attention; he has since passed away. During this time, I had no income and was unable to cover my mortgage payments.
June 29, 2003
Re "Watching County Expenses," editorial, June 1: One of the reasons for Orange County's mismanagement seems to be that no one stays in charge of Orange County's government. Our county supervisors always have their sights on their next political office, rather than the people's business. Take Tom Wilson. Even though he was just elected to a new four-year term and appointed board chairman for this year, Wilson has decided to launch a campaign for the state Assembly, another place where there seems to be no one in charge.
April 1, 2003
Re "On Oscar Night, a Kiss Is More Than Just a Kiss," by Drew Limsky, Commentary, March 28: Lighten up! Adrien Brody's gesture was the highlight of the show and surely not meant as a diminution of Halle Berry. I choose to believe he would have done the same no matter the presenter's racial origins or beauty quotient. Please allow the man the exuberance of a moment he earned through hard work and dedication to his craft. Eloise Harris Villa Park Note to Limsky and to Wilda L. White (letter, Calendar, March 29)