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BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E. L. McNeely on Friday initiated the latest exchange by insisting that Hills, a former U.S. Securities and Exchange Commission chairman, has tried to mislead Oak shareholders about the San Diego-based company's financial health. McNeely branded Hills' proxy solicitation campaign a "public relations effort . . . (that)
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BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E. L. McNeely on Friday initiated the latest exchange by insisting that Hills, a former U.S. Securities and Exchange Commission chairman, has tried to mislead Oak shareholders about the San Diego-based company's financial health. McNeely branded Hills' proxy solicitation campaign a "public relations effort . . . (that)
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BUSINESS
May 10, 1989 | From Reuters
For Roderick Hills, one of the newly appointed outside directors meant to oversee investment bank Drexel Burnham Lambert Inc., the acceptance of a top legal job in Washington recently has sparked a few barbs from his friends. Hills was named in late April as head of the Washington office of Donovan Leisure Newton & Irvine, a prominent New York-based law firm. He said the twin appointments have brought a few jokes from his colleagues. "They keep asking 'did you think you needed 200 lawyers?
BUSINESS
May 10, 1989 | From Reuters
For Roderick Hills, one of the newly appointed outside directors meant to oversee investment bank Drexel Burnham Lambert Inc., the acceptance of a top legal job in Washington recently has sparked a few barbs from his friends. Hills was named in late April as head of the Washington office of Donovan Leisure Newton & Irvine, a prominent New York-based law firm. He said the twin appointments have brought a few jokes from his colleagues. "They keep asking 'did you think you needed 200 lawyers?
BUSINESS
June 28, 1989
Oak Industries Announces Staff Cuts: Oak Industries' new management has cut administrative staff to 23 from 42 in a restructuring of its headquarters office. The cuts will save the company $1 million in annual overhead. On June 6, shareholders of Oak, a San Diego-based electronics components company, voted board control to a dissident shareholders group led by Roderick Hills after a bitter proxy fight. Oak also announced that the company will be managed by an executive committee led by Chairman Daniel Derbes until a permanent chief executive can be recruited.
BUSINESS
June 16, 2004 | Jonathan Peterson, Times Staff Writer
In an unusual show of unity, seven former chairmen of the Securities and Exchange Commission on Tuesday endorsed an agency plan that would require mutual funds to have independent chairmen, as a way to avoid potential conflicts of interest on fund boards. The proposal, scheduled for an SEC vote next week, is opposed by much of the $7.5-trillion fund industry.
BUSINESS
June 15, 1989 | From Reuters
Drexel Burnham Lambert Inc. Chairman John S. R. Shad said Wednesday that the federal investigation of insider trading "may well uncover additional infractions" at the Wall Street investment banking firm. But Shad, a former chairman of the Securities and Exchange Commission, said he believes that "the bulk of the problems are behind the firm." Drexel agreed at the end of last year to plead guilty to six felony counts of mail, wire and securities fraud and to pay fines of $650 million in the government's massive probe of insider trading on Wall Street.
BUSINESS
June 10, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Robert E. Denham, the lawyer tapped by billionaire investor Warren E. Buffett to help right Salomon Bros. after a devastating 1991 scandal, has returned to the Los Angeles law firm of Munger, Tolles & Olson. After a year as Salomon's chief counsel, Denham succeeded Buffett in 1992 as chairman and chief executive, a job he held until Salomon's $9-billion acquisition last year by Travelers Group Inc.--a transaction Denham helped to engineer.
NEWS
April 18, 1994 | PAUL HOUSTON and DAVID LAUTER
FORKS IN THE ROAD: What Sen. George J. Mitchell (D-Me.) may really be in line for down the road is secretary of state--if Warren Christopher, as some expect, steps down before President Clinton's term is over. That's the speculation around town, and Mitchell is doing nothing to discourage it. In fact, he would give such an offer "serious consideration," said his spokeswoman, Mary Ann Hill. . . .
BUSINESS
April 19, 1989 | GREG JOHNSON, Times Staff Writer
A group that includes former Securities and Exchange Commission Chairman Roderick M. Hills, former U.S. Attorney General Elliot L. Richardson and San Diego Economic Development Corp. Chairman George W. Leiszhas begun a proxy fight aimed at unseating five of San Diego-based Oak Industries' eight board members. The dissident group will sponsor a board majority that would be "independent" of current Oak Chairman E. L. McNeely, according to a prepared release issued Tuesday by Hills.
BUSINESS
June 6, 1989
Oak Industries' shareholders will determine this morning if a management-backed majority on the company's board of directors should be replaced by a group of directors led by Roderick M. Hills, a Washington-based investment banker who has been waging an increasingly bitter proxy fight for control of the Rancho Bernardo-based company. The highly charged vote will take place during Oak's 10 a.m. annual meeting at the U.S. Grant Hotel in downtown San Diego. Hills on Monday said that he was "comfortable" with preliminary results in the proxy fight.
BUSINESS
January 12, 1989 | Associated Press
Drexel Burnham Lambert Inc. said today it has asked former Securities and Exchange Commission Chairman John S. R. Shad to become chairman of the Wall Street giant, which is trying to rebound from a securities-fraud scandal raised by the SEC when Shad ran it more than two years ago. The nation's fifth-largest securities firm also said it had asked former SEC Chairman Roderick M. Hills to become a Drexel director.
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