Richard C Blum

Conflicts of interest almost always involve money, but sometimes they raise more questions about the subjects' perspective than about their wallets. Consider the large investments University of California Regent Richard C. Blum has made in two for-profit higher education companies, Career Education Corp. and ITT Educational Services Inc. Blum's San Francisco investment firm is the largest shareholder in both firms, owning nearly 20% of Career Education and more than 10% of ITT Educational.

Conflicts of interest almost always involve money, but sometimes they raise more questions about the subjects' perspective than about their wallets. Consider the large investments University of California Regent Richard C. Blum has made in two for-profit higher education companies, Career Education Corp. and ITT Educational Services Inc. Blum's San Francisco investment firm is the largest shareholder in both firms, owning nearly 20% of Career Education and more than 10% of ITT Educational.

Investor Richard C. Blum and his affiliates raised their stake in Apria Healthcare Group Inc. to 9.9%, making them the second-largest shareholder in the money-losing provider of home health care services. Richard C. Blum & Associates LP boosted its holdings in Apria to 5.12 million shares, according to a regulatory filing. That makes Blum the No. 2 investor in Apria after Chairman Ralph Whitworth's Relational Advisors LLC, which holds 5.14 million shares. Blum, the husband of Sen.

Three retired Carpenters Union members have filed a lawsuit in federal court alleging that the trustees and a prominent financial advisor to their union's nearly $2-billion Southern California pension fund have "engaged in improper self-dealing" by investing pension money in businesses in which they have "direct and substantial" financial interests. The first trustee named in the lawsuit is Ronald N. Tutor, president of Tutor-Saliba Corp., one of the state's biggest construction firms.

Richard C. Blum, the multimillionaire husband of Sen. Dianne Feinstein (D-Calif.), on Thursday accused state Sen. Tom Hayden (D-Los Angeles) of libeling him and demanded an apology for statements Hayden made Tuesday linking Feinstein's endorsement of Los Angeles Mayor Richard J. Riordan to Blum's financial portfolio. "I'm sorry if I hurt his feelings," Hayden replied at a news conference.

The Securities and Exchange Commission is investigating alleged stock manipulation by an engineering firm whose biggest stockholder is Richard C. Blum--the husband of Dianne Feinstein and the chief financial backer of her campaign for governor, records show.

Republican gubernatorial candidate Pete Wilson charged Friday that Democrat Dianne Feinstein has "profiteered" from the savings and loan crisis through a "sweetheart deal" involving a failed Oregon thrift taken over by an investment group headed by Feinstein's husband, Richard C. Blum.

The $2.7-million sale of an Orange County company's stock last year by Richard C. Blum, the husband and chief financial backer of gubernatorial candidate Dianne Feinstein, was completely proper, a spokesman for the company said Friday. Blum sold the stock in March, 1989--on the eve of a management shake-up that caused an immediate plunge in the value of the company's stock. Blum, a director and major stockholder of Irvine-based National Education Corp.

Dianne Feinstein's husband--the chief financial backer of her campaign for governor--sold $2.7 million of stock in an Orange County company in the two days before it announced a management shake-up that caused the stock price to plunge, records show. Feinstein's husband, Richard C. Blum, is a director and leading shareholder of the company, Irvine-based National Education Corp., but said he had no knowledge that the company's No.

Dianne Feinstein's husband--the chief financial backer of her campaign for governor--sold $2.7 million of stock in an Orange County company in the two days before it announced a management shake-up that caused the stock price to plunge, records show. Feinstein's husband, Richard C. Blum, is a director and leading shareholder of the company, Irvine-based National Education Corp., but said he had no knowledge that the company's No.

Investor Richard C. Blum and his affiliates raised their stake in Apria Healthcare Group Inc. to 9.9%, making them the second-largest shareholder in the money-losing provider of home health care services. Richard C. Blum & Associates LP boosted its holdings in Apria to 5.12 million shares, according to a regulatory filing. That makes Blum the No. 2 investor in Apria after Chairman Ralph Whitworth's Relational Advisors LLC, which holds 5.14 million shares. Blum, the husband of Sen.

Richard C. Blum, the multimillionaire husband of Sen. Dianne Feinstein (D-Calif.), on Thursday accused state Sen. Tom Hayden (D-Los Angeles) of libeling him and demanded an apology for statements Hayden made Tuesday linking Feinstein's endorsement of Los Angeles Mayor Richard J. Riordan to Blum's financial portfolio. "I'm sorry if I hurt his feelings," Hayden replied at a news conference.

National Education Corp. said Monday that the San Francisco investment firm headed by wealthy investor Richard Blum has tentatively agreed to loan the struggling company $20 million. Richard C. Blum & Associates and its clients intend to purchase $20 million in debentures in order to help reduce NEC's $54.5 million in bank debt. The debt securities, which will pay Blum 9.1% interest over a 15-year period, can be converted to NEC stock at $4 a share.

The Securities and Exchange Commission may censure a company whose largest shareholder is Richard C. Blum, the husband of Democratic gubernatorial nominee Dianne Feinstein, but the agency has no reason to cite Blum personally, according to Blum's lawyer. The company, San Francisco-based URS Corp., disclosed in a quarterly financial statement last month that it was being investigated by the SEC. "They (the SEC) may bring a proceeding about the company," Blum's lawyer, Michael R.

The Securities and Exchange Commission is investigating alleged stock manipulation by an engineering firm whose biggest stockholder is Richard C. Blum--the husband of Dianne Feinstein and the chief financial backer of her campaign for governor, records show.

The $2.7-million sale of an Orange County company's stock last year by Richard C. Blum, the husband and chief financial backer of gubernatorial candidate Dianne Feinstein, was completely proper, a spokesman for the company said Friday. Blum sold the stock in March, 1989--on the eve of a management shake-up that caused an immediate plunge in the value of the company's stock. Blum, a director and major stockholder of Irvine-based National Education Corp.

The $2.7-million sale of an Orange County company's stock last year by Richard C. Blum, the husband and chief financial backer of gubernatorial candidate Dianne Feinstein, was completely proper, a spokesman for the company said Friday. Blum sold the stock in March, 1989--on the eve of a management shake-up that caused an immediate plunge in the value of the company's stock. Blum, a director and major stockholder of Irvine-based National Education Corp.

The $2.7-million sale of an Orange County company's stock last year by Richard C. Blum, the husband and chief financial backer of gubernatorial candidate Dianne Feinstein, was completely proper, a spokesman for the company said Friday. Blum sold the stock in March, 1989--on the eve of a management shake-up that caused an immediate plunge in the value of the company's stock. Blum, a director and major stockholder of Irvine-based National Education Corp.