Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

The Sacramento Bee from Sacramento, California • 31

Location:
Sacramento, California
Issue Date:
Page:
31
Extracted Article Text (OCR)

7 SECTION The Sacramento Flee Monday October 4 1993 MJSEN CLASSIFIED Capital hopes to trade up on its business image City to host Japan-American conference ics in Roseville one of the largest semiconductor and Gekkeikan ness support agency sponsored by the sponded said they employed 24700 plants Sake in Folsom Japanese businesses have invested about $1 billion in the area including more than $600 million in the NEC plant But just a hint of the potential says Hobday executive vice president of CAPAX Sacramento Valley Insurance the Japanese do go after a market they do it in a classy way They plan long-term and invest heavily for he said A 1992 survey by the Japan External Trade Organization a non-profit busi people in 1991 In addition the companies surveyed said they contributed $43 million to community activities that year Those kinds of numbers make members of the business community like Hobday eager for the conference to begin only will (the conference) be good for Sacramento it just makes good business he said we draw more business here the economic climate will chances for that kind of Please see CONFERENCE page C3 Japanese government shows just that JETRO as it is called surveyed Japanese firms in the 10-county area encompassed by Sonoma to the north Santa Clara on the south San Francisco on the west and Sacramento on the east Among its findings: Responding Japanese companies reported total 1991 sales of $2144 billion Those companies exported more than $53 billion worth of their products to Japan representing 28 percent of the total California exports to the country Slightly more than 250 firms that re By Norman Williams Bee Staff Writer Image has long been an obstacle when it comes to luring Japanese investment to the Sacramento area Just ask Thomas Hobday a businessman been trying to get Japanese industry to notice this city for years problem we have on trade missions to Japan is that we have to spend so much time explaining that Sacramento Los Angeles or San he said But that hindrance is expected to change dramatically beginning Sunday when Sacramento hosts the 1993 Japan-American Conference the first international conference Some 400 Japanese and American delegates representing governmental and economic powers will converge here for a week offering Sacramento a good chance to capture a larger portion of Japanese business interest The payoff could be huge in dollars and prestige Already the area boasts NEC Electron Hems falling Libra rising Hmmm These bosses leave underlings quaking Fortune names 7 as Does your boss go into a tirade over a seemingly meaningless incident (maybe that 1-page memo was double-spaced instead of triple-spaced)? Does your boss leave underlings cowering? We want to hear from employees who have rough tough intimidating bosses Please call BeeLine at 552-5252 and key in category 3512 We need your name city company and phone number (and please say it slowly) so we can contact you in case we use your comments We publish your name without your consent Thanks for your help Associated Press NEW YORK And you thought your boss was tough TJ Rodgers the head of Cypress Semiconductor holds up paychecks if his vice presidents do evaluations on time Fortune magazine reports Linda Wachner chief executive officer of Warnaco once kept an executive waiting for three days then dismissed him after a two-minute meeting the magazine said Steve Jobs of Next Computer has addressed workers in a way that family newspapers could only describe as- In its issue going on sale today Fortune crowns what it calls the seven toughest most intimidating in America Several of the tough bosses however claim they are not sadistic slave-drivers or been lately anyway Wachner the only woman heading a Fortune 500 company reportedly told an executive: better start firing people so understand Wachner in a telephone interview with the Associated Press said That was in a turnaround She recall keeping the other executive waiting for three days Jack Connors founder of the advertising agency Hill Holliday Connors Cosmopulos was described as flying into rages that cowering employees call The Fortune article made available last week to news organ- izations quoted Connors as conceding that he was a demanding boss But he added everyone who takes a few shots I can provide you with 20 people who can tell you about the good things The magazine said that Cypress Rodgers admitted to making a psycho to harangue employees Rodgers told the AP in a telephone interview that he was referring to only one incident He confirmed that he had delayed Please see BOSSES pageC3 Dealing with $8 trillion inheritance for boomers Bee illustrationSue Ballenger Astrologers look starry-eyed at market same parental generation helped amass the largest debtload now around $4 trillion Signs of a financial shift already are visible Some parents for example lavish gifts on adult children enabling them to make a downpayment on a new house or start a business Edward Wolff an economics professor at New York University who has studied the net worth of Americans among different age groups has estimated 80 percent of the wealth of the average baby boom family comes from gifts or inheritance By contrast nearly all the wealth of seniors comes from savings or capital gains on investments Wolff said Please see INHERIT page C3 Associated Press NEW YORK They were born of the Great Depression started families in the prosperous and watched the value of their homes and stock portfolios skyrocket in the last two decades Now the parents of the postwar baby boom generation many of them also receiving generous retirement benefits are poised to pass on their accumulated fortunes to less-fortunate next of kin Economists estimate $8 trillion in collective net wealth will transfer from one generation to the next over the coming 20 years the largest movement of inherited wealth in the a bit of poetic justice some might say considering that long-time astrologer is using the ancient art of to chart his way through the financial markets And hardly alone A bit bizarre maybe but not altogether surprising After all this marketplace operates on the uncertain art of predicting what is essentially unpredictable: the effects of droughts and hurricanes the outbreak of war and peace the ebbs and flows of mass psychology and of course the vicissitudes of the economy itself Wall Street is known to look unabashedly at hemlines for direction on stock prices High hems draw the market upward as the old saying goes the appearance of lengthy monastic garb on fashion pages this fall has been remarked on as cause for concern Chicago Tribune NEW YORK There are chartists and there are chartists Instead of stock price movements the lines this trader plots follow the planets such as Uranus and Neptune just now orbiting in unprofitable positions And with Saturn square to Pluto well definitely a signal to sell Welcome to the financial universe of Henry Weingarten the bouncy bearded manager of tiny Astrologers Fund a Stellar the letterhead promises From his offices on the fringes of New Times Square Weingarten part-time operator of a computer services firm and Super Bowl superstition too If the game is won by an old National Football League team the market is supposed to finish ahead for the year proved correct 23 of 26 years an 88 percent success rate And according to the Jewish calendar the once-accepted advice was Rosh Has-hanah sell Yom Now at a time when financial movements are as inexplicable as ever stocks this year bounding upward while the underlying economy merely creeps along interest in astrology kind of says Arch Crawford probably Wall best-known astrologer and publisher of the trading news- Please see ASTROLOGY page C4 Inside Putting volunteers on line CompuMentor hooks up computer experts with nonprofits High-tech travel tool C2 A New York-based company has put Sacramento on the map with a new software program The firm has produced a computerized map of Sacramento and outlying areas that it hopes will be loaded into the notebook computers of every salesperson who works the Sacramento area Ahoy computer mate C2 tjhe most advanced Simulator of a bridge Jielps ship officers in training practice tricky maneuvers Sacramento Business C2 Mentor a 7-year-old organization that has linked up more than 700 tech-savvy volunteers with 1 nonprofit groups that are struggling to enter the computer era In one such match Sacramento computer repair expert Frank Leonard helped an association of community health clinics install a 1 new computer and modem in their three-person office In another match Ryan Yee an Oakland consultant showed the staff of a tiny art museum how to set up a donor and visitor database In the £ase of Los Lupenos the dance troupe was trying to manage its mailing lists and $120000 budget on one overloaded old Macintosh computer When they experimented with some file compression software the computer just shut down Los Lupenos called CompuMentor and within one week Bob Wilson was at their door He unfroze the computer He cleaned up the hard disk Then he discovered the group had a second broken Macintosh and he persuaded a friend to get it up and please see AID pageC4 By liana DeBare Bee Staff Writer SAN FRANCISCO Los Lupenos a nonprofit Mexican dance group based in San Jose had plenty of computer questions but no money to get them answered Bob Wilson a longtime computer systems expert who was laid off from his aerospace job last winter had lots of computer expertise but nowhere to apply it A match made in heaven? No a match made in the homey San Francisco office of Compu BeeSkip Shuman Frank Leonard a Sacramento computer repair expert volunteered his time to help advise Jacquie Gevelinger of Associated California Health Centers on buying vid installing a new computer to?.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the The Sacramento Bee
  • Archives through last month
  • Continually updated

About The Sacramento Bee Archive

Pages Available:
4,934,533
Years Available:
1857-2024