The lament that Los Angeles is no longer a corporate headquarters town has been a constant to varying degrees for nearly three decades, stretching back to Security Pacific’s sale to Bank of America Corp. Yes, other big corporate names have left L.A. in the 26 years since that deal. No, it hasn’t been a one-way street, as our annual Business Hall of Fame Awards luncheon last week at the Biltmore served to assure … It was just about the time Security Pacific went away that Aecom launched. Turn to page 20 in this week’s Special Report to get a sense of how the Century City-based architecture, engineering and construction firm grew into Fortune 150 status, with a global presence among the behemoths of the biggest of projects … Note also that Aecom CEO Mike Burke officially became the Business Journal’s 2018 inductee into the Business Hall of Fame with company founder and Chairman Emeritus Dick Newman at his table. A thoughtful gesture from a fellow who has given plenty of thought to history and the future, as the profile of Burke makes clear … CBRE Group Inc. has been a corporate citizen of Los Angeles for 75 years and has long claimed membership in the Fortune 500. Those historic points of reference were noted from the podium by Lew Horne, president of CBRE’s Southern California-Hawaii division, who then applied his trademark forward-looking finesse to reaffirm the firm’s commitment to being part of the ‘evolution of the city and region.” See page 34 for more on Horne, the 2018 Business Leader of the Year in the Real Estate Category … Bank of Hope’s Kevin Kim looked tanned and ready despite the rain that fell downtown during the ceremonies – that goes with the territory when the organization you run takes on the title sponsorship for the Ladies Professional Golf Association’s Founders Cup in Phoenix, where Inbee Park picked up a $225,000 first-place purse a few days before Kim got honors as our 2018 Business Leader of the Year in the Finance category. There’s plenty more than golf going on with Bank of Hope, as the story on page 30 indicates, pointing up another home-grown corporate citizen that’s waxing in terms of size and importance locally, regionally and nationally … Our front-page report on the bioscience sector of the local healthcare industry indicates strong growth there, although Arie Belldegrun took the opportunity of his honors as 2018 Business Leader of the Year in the Health Care category to warn the movers and shakers in the crowd of a couple of hundred in the Biltmore ballroom that more support and development is needed for biopharma – one of several components of bioscience and one with perhaps the most potential – to retain and foster the talent turned out by L.A.’s large and much-lauded cluster of colleges and universities. See page 35 for more on how Belldegrun has helped build – and also benefitted from – L.A.’s best and brightest, and note that those are two good reasons to take his concerns about a biopharma brain drain seriously … Roy Doumani also has been a builder and beneficiary of local biopharma, and the story on page 32 offers his unique perspective. The cancer survivor and 2018 Business Leader of the Year in the Education category went one better at the Biltmore, thanking fellow honoree Belldegrun and his colleagues “for keeping me alive all these years” … You’d expect a trial attorney to have the best delivery—and Patty Glaser didn’t disappoint. The beating heart of Century City-based Glaser Weil Fink Howard Avchen & Shapiro LLP chalked her honors up to “good parents, good partners and a love of the law.” Case closed for the 2018 Business Leader of the Year in the Services Category featured on page 28… Sullivan Says: Word in the room had a contingent of prior inductees to the Business Hall of Fame lining up strong behind Antonio Villaraigosa for governor –grist from the rumor mill that came just hours before a statewide poll indicated some slippage for the former L.A. mayor in the primary campaign.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Laurels for Leaders: Aecom Boss Burke Highlights Class of Annual Honorees
- Professor as Entrepreneur: UCLA’s Belldegrun on to Next Biopharma Enterprise
- Zealous Advocate All Around: Glaser Built Firm’s Lineup of Lawyers Into an 'Embarrassment of Riches'
- Zealous Advocate All Around
- Moving Man
- Best, Brightest of L.A. Business Turn Out to Fete Former Mayor
- Giving Recognition
- Regional Reports