Stories for May 1999

Monday, May 31

Hesperia

Recent studies and trends reveal that the primary concern of companies looking for areas to relocate or expand is the available pool of labor. It is this trait, coincidentally, that is Hesperia's strongest.

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Alameda

As crews prepare to start digging the main trench of the $2.4 billion Alameda Corridor, concern is mounting among businesses along the route about potential traffic disruptions and the seizure of property.

Perks

There was the prospective CEO who turned down a job offer in L.A. because he couldn't afford the equivalent of the three-acre spread he enjoyed in Illinois. And the executive who wouldn't move here from Texas because his wife was convinced that California

LA Stories

In a new survey, senior U.S. corporate executives ranked California second behind Texas when it comes to favorable business climate. But among European execs, California was a resounding No. 1.

GadFly

When John Chevedden attended a Northrop Grumman Corp. annual meeting a year ago at which shareholders were asked to approve a proposed merger with Lockheed Martin Corp., guards stood next to him as he questioned Chairman Kent Kresa presumably to shut hi

Market Area

MARKET AREA EXPANSION CHECKLIST

Relo team

You or your relocation team, or both, must be on hand to ensure operations flow smoothly. Otherwise, your story may be similar to the following example.

Company Home

outgrown your current space and it's starting to hurt your productivity. What should you be looking for? What are the pitfalls?

21 st Century

California's economic prosperity and high quality of life will be threatened by the coming surge of growth unless land use decision making is greatly improved, according to a report released recently by the Center for Continuing Study of the California Ec

Subordinates

Michael Eisner has become a poster boy for massive executive payouts. But based on a survey of salary, bonuses and granted stock options in 1998, the Walt Disney Co. chairman and chief executive actually comes relatively cheap.

Fuel

Sitting in front of a computer at a sprawling, industrial-style office building in Santa Monica, animator Brumby Boylston is tinkering with a digitized version of Motorola's distinctive "M" logo.

margin

The stock was Global Crossing Ltd. and its run-up over the past year helped make company founder Gary Winnick the richest person in L.A.

Computer Col

Just as e-mail offered a powerful new solution by combining two things that already existed written correspondence and the immediacy of the phone a few new computer products are noteworthy for the twists they offer on existing technology. The products

E Toys

In today's mad-happy climate of initial public offerings, it really pays to know the right people. Former President George Bush can vouch for that.

Hollywood

Paul Williams: A 35mm slide featuring the Santa Rosa Plateau, mentioned in the text, has been FedExed to your office and should arrive Monday morning.

Ask Lorraine

Question: A few of my college buddies and I want to start our own consulting business. What do you think of the pros and cons of starting up a business that has more than two partners?

405

In just three months, crews will be putting up those familiar concrete barriers on the southbound San Diego (405) Freeway and begin building an eight-mile carpool lane through the traffic-clogged Sepulveda Pass.

recession

As Hollywood's mini-recession gathers steam, there is a great deal of attention being paid to various extraneous factors, such as the shift of production to Canada, Australia and other low-ball havens. But the real problem may lie closer to the people at

Considerations

You are a successful small-business owner, but find yourself handicapped by the size or facilities of your current location. Your product

Co Index

A

Real Estate

Santa Monica Business Park which through no design of its own has become a new-media magnet will soon undergo a major renovation.

Starting business

That Los Angeles remains the capital of the junk-bond world both in terms of money managers and research was underlined last week by events at Dabney Flanigan LLC.

Ent Note

25 YEARS AGO THIS WEEK: Just weeks after construction began on the Alaska oil pipeline, Atlantic Richfield Co. proposed a 100 percent increase in its initial capacity, raising speculation that it wanted to export oil to Japan Engineering and construction

Corp Focus

More than a year after fighting off a hostile takeover attempt by rival Computer Associates, Computer Sciences Corp. again finds itself facing another potential predator.

TechTalk

Beverly Hills e-commerce company CheckOut.com may be one of the best connected start-ups in Hollywood, but its chief executive claims that the company doesn't want to capitalize too heavily on those ties.

Briefing

A bad translation can have humorous and sometimes tragic effects. Bernard Liller runs a Hollywood consortium called Tele Trans, which provides different kinds of translation services to companies. Liller spoke to Jolie Gorchov about how the Internet a

Frum

Caltrans plans to spend more than $300 million to add a carpool lane to each side of the San Diego (405) Freeway through the Westside. Tentatively set to begin in August, construction could take up to 10 years and cause even more congestion. Because diamo

Executive

L.A.'s top corporate executives have been hit with a 29 percent pay cut, as the effects of lower earnings and increased merger activity take their toll.

Newsmaker

As new executive vice president of the Academy of Television Arts and Sciences, Herb Jellinek has found himself in the midst of a remake.

Redline

The long-awaited Red Line extension is about to arrive along Hollywood Boulevard amid a rush of development designed in part to capitalize on passengers expected to use the two new boulevard stations every day.

Oped

Since earlier this month, when toys based on the movie "Star Wars: Episode I The Phantom Menace" started landing in stores, local merchants have been struggling to keep up with demand.

Lobby

A telecommunications company spent the most money during the first quarter to lobby L.A. officials on any single issue, displacing the usual roster of developers.

Hancock

Hancock Park, with its manicured lawns and classic mansions, would seem to be back in vogue as one of L.A.'s most elegant neighborhoods.

Expanding your busisness the r

At their meeting in Atlanta last week, the National Football League team owners may have been focusing on the parking issue at a rebuilt Coliseum, but what they really want is more public funding.

Messenger List

When a business wants to have something delivered across town that must get there the same day, it is usually a messenger service that gets the call.

Digest

Charter Communications, the fast-growing cable company owned by billionaire Paul Allen, plans to acquire Falcon Cable TV for about $2 billion in cash and stock and the assumption of another $1.6 billion in debt.

Spotlight on Ontario

From olives to automobiles, from mattresses to Mack trucks and from railroads to rain forests, the City of Ontario either grows it, makes it, cans it, ships it, sells it or serves it. Founded as a model colony in 1882, the city is poised for another centu

TV

The fall slates of network shows announced earlier this month left advertisers pleased, TV critics unimpressed and network executives as bubbly and hopeful as always.

Tamales

Mary Sue Milliken and Susan Feniger have been in the restaurant business together in Los Angeles since 1981. Classically trained chefs, they met in 1978 at Le Perroquet in Chicago, the first two women in a previously all-male kitchen. They crossed paths a

Football add

"I don't think it has sunk in yet," said Budd Friedman, who runs the club. "It's too soon to tell. The schedules have been released, but the shock will set in soon."

Correx

An item about Steven F. Udvar-Hazy in the May 24 "Rich in L.A." issue misstated the number of shares he owns in American International Group Inc. and the type of jet he owns. Udvar-Hazy actually holds 16.99 million shares in AIG and owns a Citation jet. T

Applegate

"The check is in the mail" has become a big joke for many business owners waiting patiently to be paid by clients and customers.

Global

Since the Beverly Hills-based telecommunications concern announced plans on May 17 to acquire U.S. West Inc., shares have plummeted 25 percent.

Arcane

Brown, chief executive of Woodland Hills-based Vertel Corp., uses three levels of description depending on the tech savvy of his listeners to detail the company's development of telecommunications management software. He always talks slowly and offers

Business Expansion

In a time of expansion, strategic business modeling is essential. Strategic business modeling is the process by which the organization

Market Column

The Democratic National Convention isn't just a tradition-bound method for producing a presidential nominee. It's also the Super Bowl of schmoozing. And Los Angeles P.R. agencies are already making preparations not to mention reservations.

Monday, May 24

Public Relations for Women in

As Chief Executive Officer of one of Los Angeles' leading independent public relations firms, Karen Murphy O'Brien knows how to stand out in a crowd. Successful companies ranging from See's Candies to Pebble Beach Resorts rely upon her agency to get medi

LAX

While most of the debate over the expansion of Los Angeles International Airport has focused on its potential impact to local residents, a new group of opponents has emerged: businesses located adjacent to the airport.

Huntington

Upon arriving in Los Angeles in the early 1900s, Huntington recognized the potential for real estate development in the San Gabriel Valley, so he set up the Huntington Land and Improvement Co.

Geffen

Background: Hasn't slowed down since hustling himself out of William Morris Agency's mailroom at age 20 and into the role of top music agent and manager. At 27, talked several major musical acts including the Eagles, Jackson Browne and Joni Mitchell i

Udvar-Hazy

Background: Son of Hungarian immigrants. While a student at UCLA in 1966, he formed Airlines Systems Research Consultants, a firm specializing in airline routes and planning analysis. Clients included Air New Zealand and Ireland's Aer Lingus. Launched Int

Mitigating Overseas Trade Risk

Companies that want to expand their sales markets would do well to look overseas. Exporting continues to be one of the primary engines that is driving the U.S. economy. However, a company needs to have done its homework before making this leap; specifi

Kamins

Background: Born in Chicago, his parents divorced when he was 12, and he went to work to support his family. At 16, he took a job with H. Muehlstein & Co., a plastics scrap dealer in Chicago. Later studied business at Northwestern University and moved to

Katzenberg

Background: Son of a stockbroker, Katzenberg grew up on New York's Park Avenue, only blocks away from childhood friend Michael Eisner. Worked for New York Mayor John Lindsey when Barry Diller hired him as personal assistant. Joined Paramount in 1974 and q

Rooney

The board of the Valley Economic Development Center Inc., an entity credited with funneling millions of dollars in federal aid to local businesses after the Northridge quake, has called for a full audit of the agency, and its president has been asked to r

Warner

The youngest of the four Warner brothers, Jack Warner was the family's bon vivant. He wore loud clothing, associated with the stars and starlets, and was the founding father of the Hollywood Turf Club, which was later to become Hollywood Park.

LA Stories

As Eli Broad and Michael Ovitz head to Atlanta this week to pitch their competing plans to bring a National Football League expansion team to the Coliseum, word has it the NFL staff is crazy for Ovitz's closely guarded plan for the stadium.

Lear

Background: After serving in World War II, started career in the '50s as a writer on the "Colgate Comedy Hour." Best known for creating "All in the Family," "The Jeffersons" and "Maude," which made him king of television satire. Went on to acquire movie t

Morton

Background: Son of Chicago restaurateur Arnie Morton, he opened the first Hard Rock Caf & #233; in London in 1971 (really the first themed restaurant). Came to L.A. in 1979 to start Morton's, the ubiquitous gathering place for celebrities and powerbrokers (espec

Disney

It may sound like hyperbole, but the noted British cartoonist David Low once described Walt Disney as "the most significant figure in graphic arts since Leonardo."

Part Timers

The richest Angeleno on last year's list is nowhere to be found this year. That's not because Rupert Murdoch is any poorer. It's because, like many wealthy people who exert a huge influence in Los Angeles, he lives here only part time.

Opportunities fo Women

"On the verge of the millennium it is both rewarding and challenging to be the Chief Operating Officer of a company traditionally considered a man's field," said Rita Illig Liebelt. In the year 2000, Libelt has set two prime goals for Illig Construction

Traffic

If you're rushing through West Hollywood and the driver in front of you brakes as the traffic light turns yellow, think twice before cursing him out.

Douglas

Gobbled up by a series of consolidations, Douglas Aircraft Co. was once a multibillion-dollar aerospace enterprise, creating such well-known aircraft as the DC-3, DC-9 and DC-10 that are still in use today.

Murdock

Background: Made fortune in Arizona, California, and Hawaii real estate development from the '60s through '80s. Controlling shareholder as well as chairman and chief executive of both Dole Food Co. and real estate developer Castle & Cooke Inc. Owns a slew

California Pizza Kitchen

Coming to a frozen-food section, and possibly to a theater, near you pizza from California Pizza Kitchen.

Hammer

Sure, the Bronx native and son of a doctor had met with considerable success on his earlier, far-reaching enterprises. By 23, he had made his first $1 million by selling large amounts of whiskey, as medicine, to drugstores.

Griffin

Background: Started out in the '40s as a radio crooner whom station executives told to keep out of sight because of his weight. First hit was "I've Got a Lovely Bunch of Coconuts." Flirted briefly with movie career before launching talk show that made him

Spielberg

Background: Arguably Hollywood's most famous and successful college dropout. "Raiders of the Lost Ark," "E.T.," "Jaws" and others have earned a staggering $1.5 billion at the box office, easily making him the most successful director in the history of

Kotkin

This year's list of richest Angelenos puts into perspective a major shift in the nature of L.A. elites. In contrast to the ruling structures of the '70s and '80s, which were dominated by corporate chieftains, the new power in town is more personal than in

Hughes

Reclusive, secretive, eccentric, Howard Hughes was once dubbed the "bashful billionaire," but this shy man who liked to walk around in unkempt clothes and sneakers had one of the greatest minds in the history of American business.

Newsmaker

As new director of planned giving for Cedars-Sinai Medical Center, A. David Scholder is trying to show the rich (and not so rich) that it pays to donate stocks, bonds and other assets to the hospital.

History

20 YEARS AGO THIS WEEK: The Federal Trade Commission launched an investigation of the film industry to determine if joint ventures by major studios violated antitrust laws Lawry's Foods Inc. of Los Angeles announced it was being acquired for $66 million

Digest

Former Walt Disney Co. studio chief Jeffrey Katzenberg won a round in his high-stakes lawsuit against his former employer when the judge hearing the case ruled that Disney breached Katzenberg's contract in 1994.

Women-Owned Business

The number of women-owned businesses in the U.S. has more than doubled during the past 12 years, according to a new report by the National Foundation for Women Business Owners (NFWBO). Employment in women-owned firms has increased four-fold since 1987 an

Company Index

Prudential Real Estate Investors 78

Entrepreneur's Notebook

Background: Holocaust survivor who left Hungary in 1947 for Venezuela, where he owned factories. Moved to this country in 1963.

Main

Half a billion dollars is hardly chump change by any standard of wealth. But it won't get you on the Business Journal's list of 50 wealthiest Angelenos.

Day

Background: Scion of the Keck family, whose maternal grandfather William M. Keck Sr. founded Superior Oil and paternal grandfather Addison Day was president of Los Angeles Gas Co. Opted for career in financial management and started Trust Co. of the West

Orange County Business Journal

Edison Mission Energy, the little sibling of Southern California Edison, is growing up fast.

Parties

Throughout the 1800s, the San Fernando Mission was home to some of the area's biggest Catholic wedding ceremonies. Brides wore simple dresses, and wedding parties attracted hundreds of people from California and Mexico.

Rindge

To this day, whenever a mudslide, fire or other disaster occurs along the stretch of Pacific Coast Highway near Malibu, locals attribute it to "Rindge's Revenge."

Roy Disney

Background: Worked for Uncle Walt at the Disney Studio for 24 years as film editor, writer and producer. Became a board member in 1967, but quit after a fight with management in 1977 and went on to found Shamrock Holdings Inc. He eventually teamed up with

Goldrich

Background: Self-made man was born in Poland but fled with a brother when Nazis occupied home town of Lvov. Parents and another brother stayed and were killed in a concentration camp. Spent 11 years in Israel, going to school and working as a mechanic in

Werner

Background: Graduated from Harvard in 1971. Began career in TV as documentary producer. Joined ABC as development executive in 1973 and met Marcy Carsey. Succeeded her in 1980 as senior vice president of prime-time series when she left to become an indepe

Showbiz

Ted Hartley, chairman of RKO Pictures Corp., is developing a Broadway musical based on the classic 1941 film by Orson Welles about the rise and fall of media baron John Foster Kane.

Future

If the creation of wealth in Los Angeles 100 years ago could be symbolized by a railroad engine passing by an oil derrick, the symbol of fortunes being made in the years ahead could be a Web page listing various business-acquisition opportunities.

COLLABORATING TO MANAGE COMPLE

Collaboration is inherent in startups, unless one person along visualizes a new product, intuits its uses, designs its features, architects its structure, builds and assembles all the component parts,

Real Estate Column

The El Segundo/Manhattan Beach office market has been tightening in recent months, so it's no surprise that there are several new lease deals to report there.

Computers-Salkowski

At least that's what they tell us. The days of simply vegging out in front of the tube will be all but forgotten as we chat, surf and click our way to new heights of home entertainment. The digerati used to call this arranged marriage of TV and the 'Net "

Real

Today it is possible to download a song from the Internet onto a recordable compact disc, thus bypassing record stores. But how do you then calculate the royalty payment owed the artist who made the song?

Lee

Background: After earning a doctorate in physics and economics from Caltech, Lee worked as an accountant at Arthur Andersen. In the '80s he was group vice president of finance and acquisitions for TRW Information Systems Group. Became a managing director

Mining

Beneath a rural canyon just outside of Santa Clarita lies an estimated 56 million tons of sand and gravel worth $336 million.

What About the Children?

valuable employee. Child care can also be a valuable benefit for recruiting employees. A potential employee may be willing to take a

Taking Care of Business

It's a question that quake experts are hesitant to answer because natural disasters defy absolutes. A lot of it depends on a range of variables, from the time that a shaker strikes to the composition of the soil that happens to be under you. But after stu

Should you go Public?

If you are the CEO of a company, communication is or is going to be a permanent big time priority for

Internal Marketing Is Sales To

Joey Soloman is a freelance writer who specializes in marketing issues. She is based in Encino.

Milken

Background: Attended UC Berkeley and went to graduate school at the University of Pennsylvania's Wharton Business School where he was the first person to graduate with a 4.0. Hired out of school by Drexel Burnham Lambert Inc., he went on to wheel and de

Persfi

How high is high? Every investor has to be wondering if, tomorrow, this glorious stock-market genie will crawl back into its bottle.

Q & A

Gloria Lothrop, the Whitsett chair in California history at Cal State Northridge, focuses on the trends and characters of Los Angeles history. A native Angeleno, Lothrop received her doctorate in the history of the American West and California from USC in

Hearst

Background: One of newspaper magnate William Randolph Hearst's 10 grandchildren. The Hearst family flies almost entirely under the public radar.

Hilton

Background: Worked his way up the hotel empire founded by his father, starting as an elevator operator in 1951. Named president and CEO of Beverly Hills-based Hilton Hotels Corp. in 1966, where he remained until Stephen Bollenbach took the reins 30 years

Oped #2

We've all heard the phrase, "I can't find any skilled employees!" Now is the time to do something about it.

Colburn

Background: Colburn's initial passion was music first the violin, which he started playing when he was 7 years old, later the viola. He played with the San Diego Symphony as a teen-ager, but decided to make music a hobby rather than a profession. A coll

Peterson

Background: Made a fortune out of his hobbies: cars and airplanes. Son of a car mechanic. Started Hot Rod magazine in 1948 with $500 in seed money now has worldwide circulation of 800,000. Hot Rod followed by Motor Trend in 1949. In the '50s, Petersen d

Perenchio

Background: This son of a winemaker teamed with Norman Lear in the mid-'70s to head distribution for Lear's Tandem Productions. Became multi-millionaire when he and Lear sold Tandem to Coca-Cola for $485 million. With the help of Venezuela's Venevision an

Newsmakers

George Noreika has been named a supervisor in the non-profit accounting and auditing department of Roth Bookstein & Zaslow LLP in West Los Angeles. He will work with non-profit organizations as well as general business clients. Also, Vincent Bozanic has j

Selling on the Internet

Business-to-business electronic commerce (e-commerce) is projected to be more than $300 billion by 2002. This makes it the fastest growing segment of our economy and one a woman-owned business cannot ignore.

Reaching the Marketplace throu

Let's get this out of the way from the start. Marketing to women is not niche marketing. Women make up more than half of the world's population. While this is not a surprising fact, it does constitute a majority. Statistics also show that women in the U.S

Gonda

Background: Born in Venezuela. Parents fled Hungary during World War II. Graduated from Beverly Hills High School and attended USC.

WSW

Some well-known local brokerage-industry names have popped behind new windows: Rod Hagenbuch and Richard Capalbo.

Zilkha

Background: Started in banking, switched to baby products and finally made a fortune in oil. Born in Baghdad, he worked for his father's bank from 1946 to 1960 before leaving to start retail chain Mothercare plc, which sold baby products and maternity clo

Netherby

Before clicking "Send" to ship your latest diatribe off to the online message board, be warned: Your boss may be watching.

Munger

Background: The Harvard-educated lawyer is sometimes called the alter ego of Warren Buffett. A native of Omaha, Munger was an early partner and investor in Berkshire Hathaway who moved to Los Angeles in the '50s. Still very much in the investing game. Ann

Targeting the Mature Market

that certain results happened. If they could deliver the goods expected by their management, they got nice bonuses and were promoted.

Cotsen

Background: New York native turned Rocky Mountain oil baron turned Los Angeles billionaire, Davis was raised on modest means on the Lower Eastside of Manhattan. Made his first fortune drilling oil wells. Ventured to Hollywood in the '80s, buying Twentieth

Westwood

Developer Ira Smedra has vastly scaled down his controversial Village Center Westwood retail-theater project and redesigned it using more of an urban retailing concept, sources said.

Resnick

Background: Paid his way through law school at UCLA by washing windows and running an office cleaning company. With his wife and business partner Lynda Rae Resnick, he owns Roll International, a holding company for Franklin Mint, Teleflora, and Paramount

Field

Background: Heir to Chicago's Marshall Field & Co. department store dynasty, and one of the L.A.'s younger billionaires. Parlayed family money into even bigger fortune in entertainment industry. Co-founded Interscope Records label of big-ticket bands Ni

Explainer

The Business Journal's annual survey of the richest Angelenos is based on an array of public documents, company records and Wall Street data. It also includes interviews with the candidates themselves (when they agreed to be interviewed), their representa

Richpoor

The gap between L.A.'s richest and poorest, which had widened considerably during the recession of the early '90s, has narrowed somewhat in the last two or three years, according to a new statewide study and experts who have studied the income equity issu

Winnick Story

And he isn't a movie star, studio mogul or computer guru. To the average Angeleno, in fact, the name barely registers if at all.

Sterling

Background: The son of a pushcart vendor still owns the Boyle Heights house where he grew up. Attended public schools and worked his way through USC and Southwestern University School of Law. Changed his surname from "Tokowitz" because he liked the sound

Smallbiz

On Aug. 4, folks passing through San Francisco's Justin Herman Plaza on Market Street will be offered a free cup of coffee from an 8-foot, 1,000-gallon tank.

Computers-Ott

E-mail and attachments already do at least as good a job of sending most documents around as faxes do, and the classic misuse of the fax typing a document in a word processor, then printing it, faxing it, and having someone retype it on the other end

Philantrophy

With Atlantic Richfield Co. and other big corporate givers essentially gone from Los Angeles, local charitable organizations are revamping their decades-old strategies for attracting donations and volunteers.

Getty

The son of an oil man, J. Paul Getty showed great aptitude for his father's business.

Glazer

Background: Born in Knoxville, Tenn., where he inherited and expanded his father's welding shop. Moved to L.A. in 1960. Has served on the boards of the Torrance Co., Rand Corp. and First Interstate Bank. Graduate of the University of Tennessee.

Obscure

With the clock winding down to the June 8 showdown vote on charter reform, proponents are plainly worried about the defection of City Council President John Ferraro from their ranks.

List Summary

It's hardly surprising that a city like Los Angles, home to so many of the wealthy and influential, would have a large number of charitable organizations. Most of the trusts and foundations on this week's list were set up by wealthy families.

The Value of Franchisors

fund a business. I spoke about this recently with Audrey Duncan, a business advisor who specializes in francises.

L-Guirindola

Health care coverage is very sensitive to costs. A flurry of special-interest legislation in Sacramento will impose new health coverage mandates and increase litigation. These bills undermine employers' ability to offer affordable health plans that meet t

Porter

Background: Co-founder and senior vice president of Global Crossing Ltd., the telecommunications firm laying undersea fiber-optic cables around the world. Previously senior managing director in the investment banking department of Bear, Stearns & Co., whe

L-Sardi

In regard to Ann Donahue's story ("Crisis in Health Care," May 17): The battle continues. Shall we go back to the old days when doctors over-prescribed and over-treated, and no one (even payors like employers) had any say in the delivery of health care? D

Developing an Employee Handboo

Despite its numerous benefits, many companies "drag their feet"

Watson

Its roots stretch back to the late 1780s, before the signing of the U.S. Constitution, when Catherine the Great still ruled Russia and Spain had only recently sent out its first exploration parties to settle the West Coast of "Alta America."

Briefing

With summer just around the corner, the pool-cleaning business is coming into peak season. That's a mixed blessing for Bob Steinberg, owner of Bob's Pool Service in Woodland Hills. While it's good to have the work, he says lots of customers are a real pai

Milchan

Background: Born in Israel, educated in Geneva and London. Veteran of Israel-Arab Six Day War and Yom Kippur War. Began producing movies in his early 30s with "Black Joy." Later did "Once Upon a Time in America" and "Pretty Woman" before setting up New Re

Heirs

If there's one thing that characterizes the remaining heirs to some of the Los Angeles fortunes amassed in the late 19th and early 20th century, it is a decided reluctance to discuss their worth.

Industry

Many cities have been dominated by just one or two industries over the last 100 years.

Overview

In 1913, long before the baby boom and the mass exodus to the suburbs, Harry Culver made a fortune building low-cost homes for those newly arriving settlers to Los Angeles.

Consume

Whether it involved buying gold-gilded carriages or Rolls Royce Silver Seraphs, rich Angelenos have a long history of indulgence.

Edit

Amid all the hype surrounding last week's opening of the latest "Star Wars" installment was an intriguing economic angle and it had nothing to do with the box-office take.

Winnick

Background: L.A.'s richest resident first tasted big-time deal making as top lieutenant of Michael Milken at Drexel Burnham Lambert. Described by Milken as one of the hardest-working people he ever met. Moved into office across the street from Drexel in 1

Friday, May 21

Forum

This year's list of richest Angelenos contains 16 billionaires who spend their money on everything from mansions to charities. Such wealth is hard to comprehend for most people. But if you had it, the Business Journal asks:

Tuesday, May 18

Noel

Tired of your office job and thinking of starting your own business -- but don't want to give up your role as wife and mother? It can be done. Noel Irwin Hentschel, one of Success Magazine's "Top US Entrepreneurs" and the California American Mother's "

Monday, May 17

Industrial

With continuing demand for industrial space and supply under tight control, Valencia land prices are rising dramatically.

Entnote

Note to production: Harvey Goldstein was previously published in the Jan. 11, 1999 edition

Kotkin

For the last third of this century, South Los Angeles has come to symbolize everything that is wrong with urban America. Twice scarred by riots, it is routinely portrayed as little more than an area of deserted stores and abandoned factories populated by

WSW

Barry Kaye Associates is the Century City estate adviser known for full-page newspaper ads that promise high investment returns. New York-based Apollo Management LP is the press-shy merchant banker that financed the rise of former grocery-store titan Ron

Video Conferencing

In this high-tech telecommunications age, the decision-makers in the banking and financial service industry have been turning to state-of-the-art video conferencing to help take them to the next level.

Margin

Last week I walked into our conference room and quickly found myself trying to keep peace. Believe me, it wasn't easy.

Medpartenrs

Form a company that would own medical clinics, contract with physicians to work in those clinics and then use those physicians' combined clout to negotiate favorable payment rates from HMOs.

Newsmaker

The architectural principal in charge of two of L.A.'s highest-profile projects, Staples Center and the new Coliseum, is jumping ship to start his own firm.

Y2K

L.A.'s police and sanitation departments, arguably the city units most crucial to the public's wellbeing, are the two agencies most vulnerable to the Y2K bug.

Tech Talk

Jerry's Famous Deli Inc. has decided to take its lox online by launching an e-commerce site by Aug. 1.

Hollywood

To say that Hollywood eagerly awaits the broadband revolution is putting it mildly.

Inglewood

The Lakers and Kings are almost gone from the Great Western Forum, and Hollywood Park has been sold. But things are hardly dire for the city of Inglewood.

Tips

Financial turmoil facing the health care industry is enough to cause employers and consumers alike to question whether their own coverage is in good shape. Before things get out of hand, here are some warning signs to consider:

Legislation

Virtually everyone in Democrat-dominated Sacramento expects a major overhaul in the way managed care plans are regulated. The only questions are, just how many screws will be tightened and how much it will cost the industry and consumers.

WSW add

Gerald "Gerry" Boltz, regional administrator for the SEC in Los Angeles back in the early 1980s, is among those who believe time is past due for some regulation of the hedge fund industry.

Interview

The "Guinness Book of World Records" cites Aaron Spelling as the most prolific TV producer of all time which is actually an understatement.

Persfi

Anything new that happens in the investment world is sure to become a hook for somebody's get-rich-quick hustle. Today, the hustlers are riding the online investment craze.

Regulators

If the quality of health care were determined by the number of agencies regulating the industry, Los Angeles would have one of finest medical care systems in the world. More than a dozen government offices federal, state and local oversee everything f

Earthlink

One hundred years ago, industrialization turned America from a rural society into a world economic power that set the standard for innovation and technology in the steel, retail, automotive and petroleum industries. It also gave rise to an educated and

ICOMS

When it comes to getting up and running with an Internet store, businesses have a big question to answer right out of the gate - should I do it myself, or should I call in the experts? Building an Internet store isn't that much different than any other b

Computer Column

Witness the fate of Pathfinder, the site that pretty much invented the all-in-one approach to building a big-time commercial Web presence. When Time Warner launched Pathfinder in 1994, it stood out like the Sears Tower amid the cozy neighborhood of two-ro

Asia

Asian economies are slowly getting back in the saddle and Los Angeles firms are among those aggressively moving in.

Digest

Hughes Electronics Corp. and America Online Inc. will team up to combine satellite television and Internet access in a single service to be provided through El Segundo-based DirecTV.

Debate

Walter Zelman, president and chief executive of the California Association of Health Plans, and Jamie Court, executive director of the health care watchdog group Consumers for Quality Care, sit on opposite ends of the health care debate. Each has staked o

Forum

Note to production: Phyllis Nix picture provided for 5/10 forum but quote not used]; Joanne Peake [pic4-12nm]

Briefing

Like many women, Verdis Ferraro got into the day-care business after becoming a single parent who needed to make money at home while taking care of her own children. Seventeen years later, she still runs Rise 'n Shine Child Care out of her home in Mar Vis

OC Land

Alongside 24,000 undergraduates, UCLA student Suni Sidhu often feels lost in the crowd. But that doesn't mean he's ready to skip class entirely and do all his learning via the Internet.

Persife add

OIA speakers love to talk about Gladys Holm, a secretary who invested in stocks and died in 1996, leaving more than $18 million.

Real Estate add

A Dallas-based real estate investment trust has paid what is believed to be the highest per-square-foot price in recent memory for an office building in Encino.

Playa

Early last week, a three-page press release landed on the desks of news outlets all over town. It came from the developer of the Playa Vista project, future home of DreamWorks SKG, and cited a study that showed the economic benefits of the controversial d

Chinese

That appears to be the undercurrent behind this week's visit to Los Angeles of more than 100 businesspeople from Jiangsu province being billed as the largest Chinese trade delegation ever to visit California.

Letter Higgins

As the exclusive licensed maker of miniature Hollywood signs, I can confirm Dan Turner's opinion of the sign's marketability in his piece on the Hollywood Chamber's shift to Global Icons in Culver City ("New Licensing Deal for Hollywood a Sign of the Time

Newsmakers

Phillip Evans has been named senior designer for Taffetdesign Inc. in Santa Monica. He will be responsible for creating and supervising broadcast and new-media projects. Evans was previously senior designer of ABC's on-air promotions department.

Company Index

EToys Inc. 3

Milk

INTERNET SUCCESS STORY: MILK & HONEY; FILMS

Ask Lorriane

Question: My partner and I have been in business together for 15 years. We've built a nice company, have great employees, loyal customers, and have made a nice living for ourselves. But of all the things I stayed up nights worrying about, I never even con

Overview

That's how health care analyst Sheryl Skolnick of BancBoston Robertson Stephens began her recent presentation to a group of local health care executives.

Venture

Thanks to the growing appeal of local Internet companies, Los Angeles County received a record amount of venture capital in the first three months of the year, more than in any quarter since formal tracking of such investments began in 1993, according to

History

15 YEARS AGO THIS WEEK: In its first major corporate acquisition, Walt Disney Productions agreed to buy Arvida Corp., a Florida resort and residential land development company, for about $200 million worth of common stock A survey indicated that Californ

Power Outage

Business has become dependent on new technology. Communication with your clients and the exchange of information fuels the economy. And this technology is fueled by clean reliable electrical power. As business becomes more dependent on technology to su

Edit

In almost reflexive action, the recent shootings at a Colorado high school have brought an outpouring of opinion much of it laced with a something's-got-to-be-done outrage.

Small Biz

The sign outside the nondescript building on sleepy Larchmont Boulevard simply reads, "Rare Violins."

Real Estate

It's still got a long way to go, but the LAX office market around Century Boulevard and environs is showing nascent signs of new life. Tenants reeling from high rental rates in other markets are starting to take a look.

Telecom

Ten years ago, no one had heard of surfing the Web, modems were not commonplace and only high-powered business professionals had phones in their cars. Today, organizations have World Wide Web sites, businesses and many homes have modems, and most people

Corp Foucs

After two rocky years, Vans Inc. is instituting a raft of changes to transform itself from a cult shoe manufacturer into a global retailing brand.

Cable

That became obvious in AT & T;'s successful effort two weeks ago to acquire the huge cable company MediaOne. And it's also obvious in the ongoing race among cable and phone companies to hook up homes and businesses with high-speed online service.

Market Column

Hint to P.R. people looking to beef up their resumes by winning industry awards: Make it measurable.

Case Study

The telecommunications industry is evolving at lightening pace. The Internet has bridged together continents, cultures and economies in a way that seemed impossible only 20 years ago. The Web, like all networks, serves only as a powerful resource if all

Tower

A giant monument to Los Angeles, dismissed a few months ago as pie-in-the-sky, is closer to becoming reality.

Internet Marketing

Can you really sell to 30 million people on the Internet? Is advertising allowed? Is anybody making any sales? Can customers find you if you set up a World Wide Web site?

Applegate

"They think we're in covered wagons back here, but we're not," says Scarlett Eckholm with a laugh. "We're into gourmet food."

OPED

In a bid to break the three-year stalemate over the fate of County-USC Medical Center, county supervisors have come together on a plan to build a satellite hospital in the San Gabriel Valley to complement a smaller 600-bed main facility.

Animal

A wing of giant Hyundai Business Group has become the sole owner of Animalhouse.com, a Los Angeles Web site dedicated to the "social, cultural and educational needs" of university students. That may sound like an odd description for a Web site named after

DSL or Cable

High-speed Internet access is now available in many parts of Los Angeles through DSL (Digital Subscriber Line) technology and cable modems. But, with all the hoopla around these recent developments in high bandwidth technologies, it can be a little conf

County

Despite cutting 4,300 positions and shifting huge numbers of patients from hospitals to lower-cost outpatient clinics, L.A. County's health care system remains $200 million short of its cost-savings goal.

Monday, May 3

Affiliates

On the surface, ABC's launching of a 24-hour soap opera cable channel might seem like a clever way for the struggling network to pull in some extra cash by showing TV shows it already owns to an audience that can't normally watch them.

Sunday, May 2

Persfi

Might something actually stop the deceptive sales of tax-deferred annuities? I'm speaking of selling them as investments for IRAs and other tax-deferred retirement accounts.

Interview

The last 18 months of Stephen Hansen's life have been so turbulent that the 43-year-old chief financial and operating officer for GeoCities wants to write a book about it. Since the fall of 1997, Hansen has helped finesse the business at the Web-page host

Company Index

A

Division

For such a small piece of real estate, Chinatown can be a tough place to figure out.

Big

People won't be heading to their neighborhood theater to see the new movie based on Stephen King's best-selling novella "The Sun Dog." Nor will they go there for the debut of Walt Disney Co.'s much anticipated "Fantasia 2000" next year.

Santa Monica

Some businesses have already closed their doors after deciding they won't be able to make it. Others are expecting plunges in business after July 1, when West Hollywood begins the biggest public works project in its 15-year history.

Newsmakers

Kaethy Stutes has been named to the new post of vice president of post production for Creative Domain in Hollywood. She will be responsible for the company's audio/visual division, as well as digital editing and film and tape finishing. Stutes was previou

Fruit

After months of being battered by Mother Nature, two Los Angeles fruit-growing concerns are finally getting some good news in both cases from overseas.

Kotkin

Sometimes Los Angeles seems to be run by people who believe in the famous dictum of Henry Ford, that "history is bunk." For much of our history, powerful forces in the city have done everything in their power to destroy Angelenos' connection to the past,

Newsmaker

How does Russell Joyner's experience playing pro football with the Steelers and the Colts mesh with his new position as general manager of one of L.A.'s most hotly awaited redevelopment projects?

Spelling

Viacom Inc. had been trying to unload Spelling Entertainment Group Inc. almost from the day it acquired 80 percent of Spelling part of its 1994 purchase of Blockbuster Entertainment. When no acceptable bids came through, the sale offers were rescinded.

History

FIVE YEARS AGO THIS WEEK: In its ongoing effort to streamline operations, Hughes Aircraft Co. announced a consolidation involving four of its plants in Long Beach, Fullerton and El Segundo that employed a total of 16,000 workers Hollywood Park said it wo

Margin

As our reporters and editors spent much of last week exploring the changing dynamics of Chinatown, I was reminded how little L.A.'s ethnic communities get covered at least on a regular basis.

Small Biz

Goal: To maintain a high level of customer service and increase the number of people assisted with relocation

Cloutier

Pick up a current issue of George magazine and you'll find Calista Flockhart on the cover. Allure features Angelina Jolie while Life has Gwyneth Paltrow and her mother, Blythe Danner.

Techtalk

This week, GeoCities employees will find out if pink slips or moving boxes are in their future.

Letter Watson

At a recent cocktail party celebrating the National Football League's decision to bring a new football team to the Memorial Coliseum, prospective owners Edward Roski Jr. and Eli Broad mingled with a veritable Who's Who of local politics.

Plumber

Two men who consolidated the heating, ventilating and air conditioning industry are now setting their sights on the U.S. plumbing sector.

Market Column

For the past several years, an uncomfortable perception has been widespread in the West Coast advertising community: that San Francisco is eclipsing Los Angeles as an industry center.

Lettuce

Shoppers often ask David Goldman if his lettuce is organic, and when he answers that it is "hydroponic," many of them walk away.

Prime

The Calabasas-based company was considered one of the three largest independent resellers of wireless communications service in the United States. It had 105 employees and 59,000 customers.

Computer Column

A technology forecast sometimes isn't worth the fax paper it's printed on. Remember visionary Bill Gates' infamous 1981 proclamation, "640K ought to be enough for everyone"? Well, most home computers now come with at least 16 megabytes of memory at the lo

Applegate

Tom Strasse's 40 employees at First-Weigh Manufacturing in Sanford, Fla. might not work for a large corporation, but they receive the same kind of insurance benefits and human resources services available to workers at a Fortune 500 firm.

Letter Mathews

Boy, did you get taken in! Printing Sheila Kuehl's picture in an article about tax breaks for business ("Lawmakers Seek to Stem Tide of Lost Filming," April 19). Kuehl's stamp of approval has been on every anti-business piece of legislation passed or even

Corporate Focus

Despite posting one of its strongest quarterly results ever, Xircom Inc. has seen its share price pounded on Wall Street because its main rival, 3Com Inc., had a weak quarter.

OPED

Bank of America and Wells Fargo could have located their Southern California headquarters anywhere in the L.A. region. The owners of the Los Angeles Kings could have located their arena anywhere in the South Basin. The Disneys could have built their conce

San Francisco

Alex Lim, a Chinese-American tourist from San Francisco, wandered around Chinatown's Central Plaza last week.

Labj

As the Dow continues to break records, local public companies aren't doing badly, either. The LABJ 100 was up 1.43 percent, with companies in a diverse range of industries enjoying big gains last week including real estate giant CB Richard Ellis, health

China Town

The first seeds of redevelopment activity have been quietly planted in L.A.'s Chinatown, which remains a hodgepodge of mostly rundown shops and older residents largely resistant to the kinds of renovation taking place in other parts of the city.

Sports

Sports fans now have the chance to berate Green Bay Packer Brett Favre for his latest fumble or discuss game strategy with Seattle Mariner Ken Griffey Jr. and actually get a response from the players themselves.

Edit

Never mind issues like charter reform, a new NFL franchise, a looming housing shortage or even the public schools. When it comes to getting Angelenos really riled up, just mention gas.

Forum

To discuss the present and future of Chinatown, the Business Journal assembled a group of the district's key players. They are Peter Kwong, a Chinatown native who owns two hotels there; Henry Leong, also a native and operator of Quon Yick Noodle Co.; Len

LA Stories

The phrase "cross-town rivalry" might as well have been invented for USC and UCLA especially during the football season. But it apparently hasn't established much of a foothold in their respective business schools.

Guitar

Jimmy Page wannabes will have to look someplace other than their local Guitar Center to buy a Gibson Les Paul Standard, the guitar used by Page on classic Led Zeppelin recordings.

Melrose

Do I hear $100 for Dr. Peter Burns' scrub suit and stethoscope? How about $200 for Amanda Woodward's desk at her advertising agency?

Market

The former chairman and chief executive of the 56-store supermarket chain that bore his name has teamed up with three former Hughes Markets executives to open the first HOWS Markets outlet on May 5 in Granada Hills. In June, the retailer will open a store

Digest

AT & T; secured more than $30 billion in loan commitments to finance the cash portion of its unsolicited $58 billion bid for MediaOne Group Inc.

Entnote

There's no question that we live in a visual society. Sales messages that visually entertain and captivate an audience are the most effective. Video, therefore, is an excellent way to deliver your marketing message.

Correx

In the Major Events box accompanying the San Gabriel Valley real estate overview on April 19, the development activities of Trammell Crow Co. and Opus West Corp. in Diamond Bar were misstated. Each of the companies is developing a structure at the Gateway

RE Column

Douglas Emmett Realty Advisors is adding to its portfolio of top-class Westside apartment properties with purchases in Santa Monica and Brentwood.

Briefing

Mark Howell and Brad Kurtz launched their ad agency, Industrial Creative, in 1997. For the first 18 months, they operated out of their homes, but found they were putting in too many hours and could never get away from work. Now that they've opened an offi