CALIFORNIA | LOCAL
November 5, 1991 |
The state attorney general's office on Monday filed a lawsuit against the Hollywood Chamber of Commerce, seeking to recover as much as $700,000 in allegedly misappropriated money that was to have been set aside for upkeep of the famous Hollywood sign and Walk of Fame. The amount of money sought in the civil suit, filed in Los Angeles Superior Court, is more than three times that of a tentative settlement negotiated in June between the attorney general's office and the chamber's lawyer.
July 12, 1991 |
The biggest Teamsters Union local in Southern California is so racked by political infighting and mass firings of staff members that union executives in Washington on Thursday put the 13,000-member local under the control of a trustee. National union leaders took over Local 63, which represents food-distribution workers from Barstow to Bakersfield, at the instruction of the Teamsters' court-appointed administrator, Frederick Lacey.
July 10, 1991 |
The Federal Reserve Board may move soon to name a trustee to find a buyer for an Encino bank allegedly controlled in secret by the scandal-plagued Bank of Credit and Commerce International, banking sources said Tuesday. The Fed on May 7 ordered BCCI to sell its alleged interest in Independence Bank, the San Fernando Valley's largest bank. The Fed gave BCCI 60 days to come up with a plan to sell its purported interest.
CALIFORNIA | LOCAL
June 26, 1991 |
The Rancho Santiago College Board of Trustees this week rejected a proposed policy that would have required individual trustees to get board approval before requesting information, research or reports from district staff. Board President Shirley Ralston, who said such a procedure has been the board's "unwritten policy" for 21 years, suggested that it become official after Trustee Charles W. (Pete) Maddox conducted independent investigations into various district matters.
CALIFORNIA | LOCAL
June 24, 1991 |
While city officials await word on an inheritance, they are wondering what, if anything, they will do with it. Carl Ackerman of Fullerton willed four buildings in the McFadden Square area to the city, specifying that 40% of the proceeds from their sale or commercial use must be spent on the high-tech equipment equipment for the city library and for academic scholarships. And 60% would go for scholarships at UC Irvine, Deputy City Manager Ken Delino said.
May 7, 1991 |
Three years ago, Harris Enterprises Inc., which owns the Camarillo Daily News and 50% interests in the Simi Valley Enterprise and the Moorpark News-Mirror, put itself up for sale. Members of the founding family of the Hutchinson, Kan.-based company, who own a majority of Harris' stock, wanted to diversify their holdings, and media properties at the time were fetching handsome prices. Harris' suitors included Thomson Newspapers and Ingersoll Publications.
April 26, 1991 |
A federal bankruptcy judge ended a power struggle at FundAmerica Inc. Thursday by appointing an independent trustee to run the controversial marketing company, a decision some spectators believe will result in its liquidation. FundAmerica said it was preparing to emerge from Chapter 11 bankruptcy and had planned to begin selling memberships again as early as next week after a nine-month hiatus.
April 23, 1991
R. Stanton Avery, founder and former chairman of the Avery Dennison Corp., announced Monday that he will retire as chairman of the board of trustees of the Huntington Library, Art Collections and Botanical Gardens. Avery will step down effective July 1; Robert F. Erburu, chairman and chief executive officer of Times Mirror Co., will take over as chairman. As chairman for 19 years of his 22 years as a Huntington trustee, Avery presided over a period of unprecedented growth.
April 19, 1991
The members of the Conejo Valley Garden Club have urged the Thousand Oaks City Council to stop new water hookups until the drought ends. It doesn't make sense to have the present population on water-use restrictions and yet continue to allow more commercial and residential buildings to be constructed. We urge a moratorium on all future development until the water shortage has ended. MARIAN KURASH, President Conejo Valley Garden Club Thousand Oaks
March 1, 1991
Camron Cooper, senior vice president and treasurer for Arco, has been elected chairwoman of the board of trustees for the Greater Los Angeles Zoo Assn. She replaces Tom Tellefsen, president of Gemtel Corp., who recently resigned to devote more time to business. The association, with 135,000 members, supports worldwide conservation efforts, funds and builds new exhibits, develops and implements educational programs, operates food and merchandise concessions and underwrites research.