BUSINESS
November 1, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
American Express Co. said Thursday that it had fired or obtained the resignations of "about half a dozen" mid-level executives who it believes deliberately hid $24 million in losses on Optima Card accounts. The financial services giant also named Frank Skillern, 55, head of its London subsidiary Acuma Ltd., as head of the troubled Optima Card operation, succeeding Anne Busquet, 41. It said Busquet will take another job with American Express but didn't give specifics.
BUSINESS
May 16, 1989
Steven B. Wagner and Brad J. Shapiro were named managing directors of the newly formed Century City subsidiary of the securities firm Cantor Fitzgerald Financial. Wagner, 37, had been a partner in Spicer & Oppenheim, an accounting firm. Shapiro, 34, was a securities lawyer at Skadden, Arps, Slate, Meagher & Flom.
BUSINESS
March 31, 1989
Rod A. Guerra Jr., Martha W. Hammer, Darrel J. Hieber, Thomas C. Janson, John D. Rayis and James L. Spencer have been named partners in the Los Angeles office of the law firm Skadden, Arps, Slate, Meagher & Flom.
BUSINESS
December 25, 1986
The Securities and Exchange Commission charged a former librarian at a Wall Street law firm and eight of his relatives with having made more than $414,000 in trading based on inside information, mostly concerning takeover bids. Named was Samuel Aksler, formerly of Skadden, Arps, Slate, Meagher & Flom. He and the eight relatives were accused of violating anti-fraud and other provisions of securities laws. All contest the charges.
BUSINESS
October 13, 1995
Former Walt Disney Co. lawyer Nathaniel Lipman was named senior vice president and general counsel of HOB Entertainment, parent of the House of Blues. Lipman was senior counsel at Disney, working on such deals as the company's investment in the California Angels baseball team. Disney recently bought a 12% stake in House of Blues. Before joining Disney, he worked for the law firm Skadden, Arps, Slate, Meagher & Flom.