Stories for November 1997

Saturday, November 1

Finacial Perspective

For anybody who has Incentive Stock Options, the law of unintended consequences certainly reared its ugly head when Congress lowered the Capital Gains rate to 20% from 28%. The problem is that anybody who exercises ISO's and holds on to them for 18 month

Fast Track

It's certainly attention-getting: The 1984 Ford Thunderbird parked in front of Jammin' Jersey Music & Pro Audio is painted windows and all to resemble a cow.

Newsmaker

George Sladoje has been named executive vice president at Alhambra-based California Power Exchange. Sladoje will oversee marketing, trading and scheduling operations. He previously was executive vice president at the Chicago Stock Exchange.

Cut Costs

The way most companies deal with cost-cutting is to fire people. But there are alternatives. One that's very effective, though usually ignored, is attacking discretionary overhead costs. Much of what organizations think of as fixed overhead is actually va

Non_profit Sparks

In January l994, the San Fernando Valley was hit with the largest urban disaster in the history of the United States. The 5th largest economy in the country suffered $ 40 billion in damage, an immediate drop in population and the business disruption or s

Valey Edit

On the surface, it's hard to quibble with recently enacted legislation that no longer gives city councils veto power over secession petitions. Frankly, it's a long time coming no city council has any business overriding the will of the people on such a

Borroe

Borrowing tips for small businesses from the San Fernando Valley Business Journal

Tips New Biz

Banks and institutions that lend money have a lot of knowledge about the success rate of small businesses. Bankers are often overly cautious in making loans to small businesses. For that very reason, it makes sense to study their approach, even though it

Pierce

Pierce College in Woodland Hills is under attack by community groups for looking into selling or leasing part of its 240-acre farm for commercial activity.

Financial Perspective

A View of the National Credit Union Administration v. First National Bank and Trust Company

BIzBAnk

Choosing a good business bank is an important step in the life of a growing company. A bank that is well-matched to a client can provide the best loan options, payroll services, fees and accessibility. By contrast, a bank that is ill-suited to your compan

Valley Forum

There are major hurdles ahead, but by the year 2000 San Fernando Valley voters may be asked to approve a measure that would create a new city in the Valley. Gov. Wilson's signature on AB 62 took away the L.A. City Council's power to block secession. Most

Econowatch

The San Fernando Valley apartment market is tightening, according to this month's Valley Econowatch.

Valley Talk

Already well known for teaching students how to keep things alive in its agricultural department, Pierce College in Woodland Hills is now turning its attention to the other end of the life cycle.

Latino

Despite growing political clout in the San Fernando Valley, Latino leaders are sitting on the sidelines when it comes to Valley secession a stance that could hinder creation of a new Valley city if and when the measure qualifies for the ballot.

GreatWset

In the four months since Great Western Financial Corp. was bought by Washington Mutual, 387 employees at Great Western's Chatsworth headquarters campus have been handed pink slips.

List Story

The San Fernando Valley's largest privately held companies are a diverse lot, ranging from an electrical equipment wholesaler and a managed care provider to a plastics manufacturer and a car dealership.

Boogie

The Reseda-based graphic artist designs boxes and promotional materials for videos including adult videos. And thanks to an insatiable demand for sexually explicit material, Small's tiny six-employee shop, Art Attack Design Studios, now churns out as ma

Valley Smallbiz

Barter it's been a mode of economic transaction for centuries. In recent decades it's prospered at a subterranean level with a committed and growing group of practitioners who swear by it.

Greatwest

In the four months since Great Western Financial Corp. was bought by Washington Mutual, 387 employees at Great Western's Chatsworth headquarters campus have been handed pink slips.

Financial Issues

FINANCIAL ISSUES TO BE SPOTLIGHTED AT VICA BUSINESS FORECAST CONFERENCE AND ANNUAL MEETING, FRIDAY, NOVEMBER 14

Main

Fed up with L.A.'s taxes and bureaucracy, many San Fernando Valley business leaders say they are ready to support secession if they don't see substantive changes in city government.

Finance

FINANCIAL ISSUES TO BE SPOTLIGHTED AT VICA BUSINESS FORECAST CONFERENCE AND ANNUAL MEETING, FRIDAY, NOVEMBER 14

Q

As chief executive officer and chairman of Woodland Hills-based WellPoint Health Networks Inc., Leonard D. Schaeffer heads one of the San Fernando Valley's most prominent companies. Among the largest publicly traded health plans in the nation, WellPoint

Spotlight

Long known as a bedroom community full of new tract homes and growing families, Simi Valley is aiming to attract more businesses to the mix.

Financial Pespective

For anybody who has Incentive Stock Options, the law of unintended consequences certainly reared its ugly head when Congress lowered the Capital Gains rate to 20% from 28%. The problem is that anybody who exercises ISO's and holds on to them for 18 month

Borrow

Borrowing tips for small businesses from the San Fernando Valley Business Journal

Letter

The dangers of new politicians getting involved in complicated projects was never more sharply pointed out than it was by Councilwoman Laura Chick's Community Redevelopment Agency (CRA) activity in the construction of a new Madrid Theatre in her Third Cou

Secession

With Gov. Pete Wilson's signature on Assembly Bill 62, the L.A. City Council's ability to thwart cityhood for the San Fernando Valley has been eliminated and the possibility of Valley secession has become real.

Business Bank

Choosing a good business bank is an important step in the life of a growing company. A bank that is well-matched to a client can provide the best loan options, payroll services, fees and accessibility. By contrast, a bank that is ill-suited to your compan

Correx

Several figures related to the financial performance of Gladstone's Universal Hollywood were erroneously reported in the October List of the top-grossing restaurants. The correct gross sales figures are $10.2 million for 1996 and $10.1 million for 1995. A

This Issue

Leonard Schaeffer, chief executive of WellPoint Health Networks, talks about managed care and his company's expansion plans.

Re Column

Burbank's Media District has made news in the past with proposed new office developments and its effectively non-existent vacancy rate. But until last month, acquisition activity in the entertainment industry's corporate epicenter had been notably quiet.

persfi

You should understand that the timing of the sale, how the company is valued, and your own financial goals are key factors in structuring any transaction.

Cost

Forget buzzwords like self-determination and local control. Proponents of San Fernando Valley secession have an even more powerful, bottom-line argument to make to business lower taxes.

Non profit sparks Quake recove

In January l994, the San Fernando Valley was hit with the largest urban disaster in the history of the United States. The 5th largest economy in the country suffered $ 40 billion in damage, an immediate drop in population and the business disruption or s

Small Biz

Banks and institutions that lend money have a lot of knowledge about the success rate of small businesses. Bankers are often overly cautious in making loans to small businesses. For that very reason, it makes sense to study their approach, even though it