Westmont neglected as donor defaults on $75M
By any account, $75 million is a lot of money. If you are a small, Christian college laboring with recovery from a major fire and an ambitious expansion plan, it’s an enormous amount of money. Which is why the report in this issue of the Business Times that Westmont College’s mystery donor won’t be able Read More →
Region shows compassion for Haiti
When tragedy strikes, our region steps up. That’s one of the truly remarkable things about living and working in the tri-county region. The Business Times takes some space on these pages to pay tribute to all the innovative ways our businesses and nonprofits have found to raise money for earthquake relief for Haiti. Rather than Read More →
Former CEOs debate future of the auto industry
Former Ford Motor Co. Chief Executive Officer Donald Petersen and auto quality guru Dave Power, founder and former CEO of J.D. Power and Associates, debated the future of the car business at California Lutheran University on Jan. 21. “The disease of, ‘how I am going to make my mark?’ is a devilish thing,” Petersen said. Read More →
Court wants Distenfield to pay legal bills
After a daylong trial Jan. 20, a bankruptcy court in Santa Barbara let stand an earlier ruling that Ira Distenfield aimed to deceive Los Angeles attorney Richard Lubetzky by concealing a stock sale and not paying $115,000 in legal fees related to the sale of We the People. U.S. Bankruptcy Court Judge Robin L. Riblet Read More →
County Commerce reports strong growth in 2009
On Jan. 20, Ventura-based County Commerce Bank released its year-end financial statement, which showed substantial growth in 2009. The bank’s net income was roughly $1 million for 2009, up from $901,000 in 2008. Capital increased 8.49 percent to $13.2 million in 2009 from $12.2 in 2008. During the 12-month period ending Dec. 31, 2009, assets Read More →
Not drilling leaves money on the table
ke for the state Land Board to spurn a hard-fought agreement between South Coast environmentalists and PXP over the future of the so-called Tranquillon Ridge project. To refresh, the agreement would have allowed PXP to drill new wells on an existing platform and drain the field in return for abandonment of the platform and an Read More →
