September 14, 1993 |
Wide receiver Henry Ellard of the Rams is probably in the final year of his football career, and he doesn't know it. Ellard, one of 33 players in NFL history to have caught more than 500 passes, will earn $850,000 this season. When the season ends, Ellard will become a free agent and, based on the recent off-season's payoffs to free agents with his credentials, he expects to become a millionaire. "No way," said an official from one NFL team. "Salary cap.
April 21, 1993 |
Government programs to retrain laid-off workers from defense firms and other industries help most participants find new jobs but often at lower wages than they had been earning, labor experts told a House panel Tuesday. Officials told the subcommittee on Labor-Management Relations of the House Committee on Education and Labor that workers who enter retraining programs do not fare significantly better in the job market than those who receive only job search assistance.
March 20, 1993 |
Despite passionate pleas that another sharp fee increase will close the University of California's doors to many students, an unusually divided UC Board of Regents voted Friday to raise fees by $995, or 33%, for next fall and to temporarily cut employees' pay by 5%. As a result, average fees for a UC undergraduate who is a California resident will be $4,039 in the 1993-94 school year.
March 13, 1993 |
Students would see their basic fees rise by $995 next fall while faculty and staff would take a temporary 5% pay cut in 1993-94 under an emergency budget for the nine-campus University of California system proposed Friday by UC President Jack W. Peltason. After the hike, undergraduate fees for state residents would average $4,039, not including room and board--representing a 33% rise over this year and 150% over the past four years.
CALIFORNIA | LOCAL
October 15, 1992 |
Less than two weeks after the Los Angeles Board of Education imposed drastic pay cuts to balance its budget, officials are facing another shortfall of $10.5 million for this year--a deficit that could lead to deeper spending reductions for the financially beleaguered district, sources said Wednesday. In a memo to board members Wednesday, district financial officers said state and county education officials identified the deficit during an ongoing review of the state budget adopted in September.
October 3, 1992 |
After a contentious debate over eleventh-hour spending cuts, the Los Angeles Board of Education ended months of fiscal turmoil Friday by adopting a final budget of $3.9 billion. But it could not avoid slicing $400 million in expenditures, including painful pay reductions of 9% this year for teachers and most employees. The board voted 6 to 1 to approve the spending plan, which must be submitted to the Los Angeles County Office of Education by Monday to meet a state deadline.
CALIFORNIA | LOCAL
September 16, 1992 |
After two days of marathon negotiations with union representatives, Los Angeles County officials said Tuesday they will withdraw two controversial proposals to balance the county budget with sharp pay cuts for most employees. Chief Administrative Officer Richard B. Dixon also recommended, in a written memorandum to the Board of Supervisors, that the county accede to a key union demand and suspend all pay raises to top administrators and non-union employees for two years.
May 17, 1992 |
More than 25% of the 1,580 executives of California's largest public companies saw their cash compensation slashed in 1991, according to the Los Angeles Times' annual executive compensation survey. The pay cuts--406 in all--are attributable to a powerful combination of declining corporate earnings, increasing shareholder activism and legislative furor over runaway executive pay. The reductions ranged from relatively modest decreases to more than half of some executives' previous year's salaries.
December 31, 1986 |
Flying Tiger Line said Tuesday that 2,600 of its non-union employees will take pay cuts of up to 15% to save money for the financially troubled Los Angeles air cargo carrier. The company, a unit of Tiger International, also said about 80 middle managers, 8% of the management work force, were laid off Tuesday as the company moved to eliminate a total of 124 positions.