CALIFORNIA | LOCAL
January 10, 1996 |
Merrill Lynch & Co. issued a statement Tuesday denying that it had offered to settle Orange County's $2-billion bankruptcy-related lawsuit last May when the firm's top executives met secretly with William J. Popejoy, who was the county's chief executive at the time.
February 11, 1995 |
The embattled Orange County Board of Supervisors, under pressure to choose an interim chief executive officer without further delay, turned Friday to William J. Popejoy, a former American Savings & Loan chairman who offered his services to the bankrupt county free of charge. The selection of Popejoy, 56, of Newport Beach, was announced late in the day by the supervisors, who said they were impressed by his corporate experience, his "head-on" approach and his Orange County roots.
September 17, 1988 |
American Savings & Loan experienced a rise in deposits in August, but outflows resumed again early this month when federal thrift regulators seized the firm and placed it into receivership, company officials said Friday. The ailing Stockton-based thrift, which has total deposits of more than $15 billion, said savings levels increased by nearly $125 million last month, a sharp contrast to the $337-million net outflow in July. But another $22.
June 7, 1995 |
Orange County's top executive offered his gloomiest assessment yet Tuesday of the fate of a proposed sales tax increase, saying he fears that backers cannot overcome voter outrage about the county's bankruptcy and flagging support for Measure R. County Chief Executive Officer William J. Popejoy said polls show that support for Measure R continues to slip as a June 27 vote approaches on the half-cent sales tax hike, which some county officials say is desperately needed for fiscal recovery.
July 13, 1995
Feb. 10, on his vision: "The goal is to have a process in place that will have a broad grass-roots support in the county. What we need is the community at large behind us." March 8, to Board of Supervisors on budget-cutting plan, layoffs: "It hurts me to present this plan . . . because I know it will cause serious pain to so many innocent people. This is not the thanks [county employees] deserve."
December 31, 1988 |
American Savings enters 1989 with a new owner--Texas billionaire Robert M. Bass--and a new advertising campaign. The multimillion-dollar ad campaign that makes its debut Sunday--the first for American in several years--is aimed at rebuilding customer loyalty and public confidence in the once-insolvent institution that has been shaken by years of unrest. "We recognize that we have to win our customers' loyalty back," said Ronald W.
January 9, 1989 |
A preppy-looking tycoon from Ft. Worth named Robert Muse Bass came to the fairgrounds in this San Joaquin Valley town of 190,000 this weekend and received a welcome normally accorded royalty or rock stars. Bass, a bashful sort who rarely ventures into the public spotlight, was all smiles as he was mobbed by adoring employes of American Savings who clamored to get his autograph and take his picture. "Thank you for helping us survive," one employee after another told him.
May 23, 1995 |
Investors and community leaders expressed mixed reactions Monday about a major investment firm's proposal that would allow Orange County to borrow up to $2 billion and potentially end bankruptcy proceedings. Some backed County Chief Executive Officer William J. Popejoy's contention that the county cannot afford to borrow even on a temporary basis. Others said it is missing a major opportunity by passing up the offer by J.P. Morgan Securities Inc.
September 7, 1988 |
Robert M. Bass, the Texas investor who is acquiring American Savings & Loan, will probably make a concerted effort to keep William J. Popejoy as chief executive, but it's questionable whether he will succeed. Weary after four demanding years in the job, Popejoy has said he wants out as soon as a successor is firmly in place. "I want to get this chapter of my life behind me as soon as possible," he said in a recent interview.
February 8, 1988 |
If William J. Popejoy's job as chief executive of Financial Corp. of America is in jeopardy, it is not apparent from the comments of the people who set his business agenda and pay his $524,000 annual salary. "We have a lot of confidence and faith in Bill Popejoy," said Roger Martin, one of three members of the Federal Home Loan Bank Board, the nation's primary regulatory agency for savings and loan firms. "In my opinion, the (FCA) board is 100% supportive of him," added Robert M.