Our view: Towbes, Morton, Lacayo were rare type of leaders
In the normal course of business relationships, men and women build companies or lead nonprofits and then retire to leave the operations to a new generation or a new team. More rare is the circumstance where leaders are so committed to an enterprise or so intrinsically identified with their organization that they stay at the Read More →
Managing needs of four-generation workforce challenging
By Mark Riley A seismic shift is underway in today’s workplace. Two massive generations — the Baby Boomers and the millennials — with two very different sets of needs and expectations are testing the abilities of even the most adroit human resources department. This is true along the Central Coast, the rest of California and Read More →
Industrial tenants have tough time finding space
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Teledyne’s 2017 first quarter sales up but net income down
Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →
MindBody revenue soars but net loss continues
San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →
Frosts giving $110 million to Cal Poly San Luis Obispo
In a Wheel of Fortune-style reveal, with Dean of the College of Science and Mathematics Phil Bailey playing the part of Vanna White, Cal Poly San Luis Obispo announced that it had received $110 million from donors Bill and Linda Frost. The gift is the largest the California State University system has ever received, and Read More →