Business stories that perked our interest in 2011 [Ventura County Star, Calif.] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 31, 2011 Newswires
Share
Share
Post
Email

Business stories that perked our interest in 2011 [Ventura County Star, Calif.]

Stephanie Hoops, Ventura County Star, Calif.
By Stephanie Hoops, Ventura County Star, Calif.
McClatchy-Tribune Information Services

Dec. 31--With all the pickets and protests, layoffs, and lawyers behaving badly in Ventura County in 2011, business headlines were anything but dull.

As 2012 approaches, we reflected on the region's business news and found eight topics that raised eyebrows, changed lives and impacted the local business climate ...

CEO-watching: New CEOs were named to the executive suites at CalAmp Corp. in Oxnard and Amgen in Thousand Oaks. Meanwhile, CEO earnings at 10 public companies in the region rose 36.8 percent to top $50 million at a time when many workers haven't seen raises or bonuses in years.

Layoffs: Jobs leaked out of the county at a steady pace throughout 2011. At least 2,400 layoffs were announced or occurred. Included in the carnage were the exit of 1,200 jobs from the county when Farmers Insurance left Simi Valley for Woodland Hills, 226 jobs gone when Amgen shrank its research and development department, and 232 eliminations when Zodiac Pool Systems closed its Moorpark offices.

Celery: The overlooked crop took Ventura County supervisors by surprise when they saw celery's $182.27 million value in the annual crop report. Supervisor Peter Foy said he has always associated the county with crops such as strawberries and avocados.

"You never think celery," he said.

Celery knocked nursery stock from the No. 2 spot on the top 10 list for agriculture. Nursery stock has been hard hit by the downturn in housing construction.

The law business: With more than 70 years in business and its name visible on an Oxnard building near Highway 101, Nordman Cormany Hair & Compton had been the county's biggest law firm until partners began leaving and taking associates with them. When all the shuffling was done, Ferguson Case Orr Paterson in Ventura was bigger.

Still, firm staff changes were hardly as stunning as the conduct displayed locally by two lawyers who lost their licenses.

Simi Valley lawyer Russell Takasugi agreed to give up his license. The estate planning specialist was struggling to keep his law license while dealing with criminal charges alleging he'd been embezzling from elderly clients.

Lawyer Michael T. Pines lost his license after being arrested for counseling area families to reclaim their foreclosed houses. He compared himself to Mohandas Gandhi and Martin Luther King Jr., while portraying his clients as Davids up against the Goliath Wall Street banks. But his methods shocked lawyers, judges and law enforcement officers who criticized his methods, saying they were unethical and illegal.

Pickets and protests: Unions kept busy. Southern California grocery workers came close to a strike but averted it after a deal was reached following months of negotiating with Ralphs, Vons and Albertsons. Union members at the Port of Hueneme picketed and refused to load produce onto trucks owned by a company they said fired 10 drivers who tried to organize. Members of Carpenters Local 150 protested the building of a Camarillo Mini Cooper dealership that hired a contractor they said does not pay prevailing wages or benefits.

Occupy Wall Street protests popped up all over the county as people grew fed up with what they believe is a government failing its people, banks getting an unfair advantage and the top 1 percent of America trampling the rights of the other 99 percent. With the exception of one arrest, the protests were peaceful.

Our sluggish economy: The local economy improved at a turtle's pace because foreclosures are still up, dragging down home values and leaving home sales flat. The good news is consumer confidence got a bit better and local unemployment fell lower than the state and national average. At the start of the year, it was 10.9 percent and by November, it was 9.5 percent. Some sectors such as high-tech made gains over the year.

Business comings and goings: Borders left the county, closing its three bookstores, which were in Oxnard, Thousand Oaks and Simi Valley. In its final days, the once-busy Oxnard store resembled a garage sale with books on plastic tables selling for a few bucks. Lowe's pulled the plug on a planned store for Newbury Park but opened one in Oxnard.

Other new store openings included Trader Joe's and BevMo! in Ventura, and Target in the Oxnard RiverPark development.

A Hooters is planned for Thousand Oaks and despite criticism, all signs indicate it's moving toward opening. That said, it's not yet known when that will happen.

Thousand Oaks makes a commercial plan: It was long-awaited and long-debated, but the city managed to put in place a blueprint to revitalize Thousand Oaks Boulevard and make it a pedestrian-friendly commercial corridor.

The plan includes new development and design standards for mixed-use development so retail or office buildings can combine with housing. There are guidelines for public art, signs, storefronts and gateways, wider sidewalks, planters, trash cans, benches and landscaping.

A proposal to allow buildings of up to six stories was shot down by locals who feared it would destroy the area's character. They fought it, and the height limit was dropped to four stories.

___

(c)2011 Ventura County Star (Camarillo, Calif.)

Visit Ventura County Star (Camarillo, Calif.) at www.vcstar.com

Distributed by MCT Information Services

Wordcount:  854

Advisor News

  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
More Advisor News

Annuity News

  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
  • A client remarried: Does their annuity still fit?
More Annuity News

Health/Employee Benefits News

  • SMH, UnitedHealthcare wrangle over coverage
  • Millions lose private Medicare plans and face rising costs
  • State announces rates for 2027 small group health insurance market
  • Rethinking the status quo can lead to long-term savings on healthcare
  • NABIP urges Congress to address underlying healthcare costs
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • BILTIR conference draws more than 750 insurance leaders to Bermuda
  • Death and taxes: How the right analysis for life insurance changes the picture
  • Life insurance applications rise 15.2% in September, MIB reports
  • Flourish brings private-bank-like cash solution to MassMutual’s network
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.