BUSINESS
June 15, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Downey Savings & Loan, ending its long and sometimes turbulent search for a young and respected leader, said Tuesday that it has hired industry veteran Stephen W. Prough as its president and chief executive. Prough, 49, who has held similar positions at Western Financial Savings Bank for 11 years, will take the reins at Downey on Monday. He fills posts vacated in April by Robert L. Kemper, who retired. "It's exciting," Prough said Tuesday about the new job.
BUSINESS
May 17, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
For many Orange County executives, 1991 was a year when their pay packages came under greater shareholder scrutiny and corporate boards were cautious in handing out cash bonuses and perks. It mirrored a trend statewide of keeping executive compensation in line with a company's financial performance. Of the top 100 county executives on the list of publicly traded companies, one-third of the officers saw their cash compensation remain unchanged or had it reduced.
BUSINESS
February 8, 1997 | Times Staff and Wire Reports
Atlantic Richfield Co. and Lukoil, Russia's largest oil company, formalized their previously announced $5-billion, 18-year joint venture, called Lukarco, for oil and gas development in Russia and other countries. . . . Apple Computer Inc. was dealt another blow when Microsoft Corp. announced it would halt development on a Windows NT operating system for the PowerPC microprocessor, the engine for Apple's Macintosh computers. . . . Informix Software Inc. has sued Oracle Corp.