Amgen CEO gets pay hike
UncategorizedAmgen Chairman and Chief Executive Kevin Sharer saw his compensation rise 4 percent in 2008 to just under $13.8 million as the company’s stock recovered from safety issues over its anemia drugs and were bolstered by a possible osteoporosis treatment. Sharer’s base salary was $1.56 million — roughly $21,400 per week — and he earned Read More →
Hertel & Sons to file Ch. 7
UncategorizedAfter several creditors pushed it to file involuntarily for Chapter 7 bankruptcy, R.W. Hertel & Sons was ordered to do so March 11 by the U.S. Bankruptcy Court for the Central California District in Santa Barbara, according to court documents. Hertel & Sons, which built more than 1,100 homes in the Tri-Counties, has been the Read More →
Embezzlement charges reach $1.3 million in SB County
UncategorizedTwo Santa Barbara County women have been arrested on charges of embezzling a combined $1.3 million in recent days. Angela Phillips, a 37-year-old Montecito resident, was arrested March 11 on suspicion of embezzling $850,000 from her employer, Windsor Capital Group, according to the Santa Barbara County Sheriff’s Department. In a separate incident, sheriff’s officials arrested Read More →
Projects on bubble as budget gridlock ends
UncategorizedExpect a lot more potholes now that the state legislature has plugged California’s $42 billion budget gap. Infrastructure officials and state workers are breathing a tentative sigh of relief after the budget compromise. But road maintenance stands to take a huge hit, projects remain uncertain, and state workers still aren’t sure whether their jobs are Read More →
Westridge assets still in freeze
UncategorizedA federal judge in New York kept the assets of Santa Barbara-based Westridge Capital Management frozen March 3 while the FBI investigates its two New York-based principals for allegedly swindling more than $550 million from investors. Officials remain tight-lipped about Westridge as well as Santa Barbara men James Carder and Mark Yeager, who apparently ran Read More →
CSUCI president juggles budget, growth
UncategorizedCalifornia State University, Channel Islands, prepared a year ago to absorb the severe budget cuts enacted recently in Sacramento, and it will weather “a winter of our discontent,” university President Richard Rush told members of the Camarillo business community Feb. 27. Speaking at the annual CSUCI Connection Luncheon organized by the Camarillo Chamber of Commerce Read More →
