Warner pleads guilty to tax evasion, faces $53M penalty
Ty Warner, the Chicago billionaire and part-time Santa Barbara resident who owns the Four Seasons Biltmore, has been charged with federal tax evasion and plans to pay a $53 million penalty. Warner, the mind behind the wildly successful Beanie Baby toys, was charged with allegedly failing to report income he earned in a secret offshore Read More →
Business Times founder honored with entrepreneurship award
Henry Dubroff, the founder, editor and chairman of the Pacific Coast Business Times, was honored with the Joe Nida Entrepreneurial Spirit Award at the 2013 Clean Business Investment Summit in Santa Barbara on Sept. 12.
The award recognizes exceptional work promoting entrepreneurship on the South Coast. “Henry has been at the heart of the success of so many entrepreneurs, businesses, and organizations throughout our region — including our own,” California Coast Venture Forum CEO Jerry Knotts said in a statement. “We are extremely honored to present The Joe Nida Spirit Award to Henry, to acknowledge his exhaustive efforts on behalf of entrepreneurs and to salute him as an example of entrepreneurship and clean business growth.”
Health leaders: ACA gets top marks for access but implementation still lags
As it nears the takeoff point, Obamacare gets an “A” for increased access but just average grades for implementation, so far. That was the consensus view among a panel of health care experts at the kickoff on Sept. 17 for California Lutheran University’s Corporate Leader’s Breakfast series. Dr. Matteo Dinolfo of UCLA Health gave the Read More →
Sellout crowd at clean investment forum
More than a dozen companies pitched to a crowd of several hundred investors at the Clean Business Investment Summit in Santa Barbara on Sept. 12. The summit is hosted by the California Coast Venture Forum and is in its fifth year at its new home at the Corwin Pavilion on the UC Santa Barbara Campus. Read More →
Murdock emerges as likely buyer for Dole
Dole Food Co. shares fell slightly to the $13.50 range after the company announced that a sale to Chairman and CEO David Murdock had cleared two key hurdles. Westlake Village-based Dole said that a 30-day “go shop” period had expired without a third party emerging as a competitive bidder. The company also announced that the Read More →
MB&T chief highlights role of community banks
Locally based banks that take deposits from and make loans to the community form the lifeblood of many regional economies, and yet these institutions have only recently secured a voice in the national debate on financial policy. That was the view from Janet Garufis, CEO and president of Santa Barbara-based Montecito Bank & Trust, in Read More →
Anatomy of a business failure: How one small firm was squeezed out
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