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Letters.


Home Ownership

An October 8 article, "Nursing Home Operator Seeks Bankruptcy," may have left readers with the impression that Fountain View Inc. is controlled by the family of the company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Robert Snukal. That is untrue.

The family own less than 20 percent of the company's stock. Nearly all of the rest is controlled by the Heritage Partners investment group of Boston, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Baylor Health Group of Texas, Paribas North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  Inc. (an investment subsidiary of Banque Paribas of France), Sutro Investment Partners and Nassau Capital Partners. Heritage Partners alone owns 50.1 percent of Fountain View. It is these majority holders who control the board and who oversee the company's operations.

The article point out that the Snukals receive $1.86 million in annual lease payments. Those payments are for four skilled nursing homes that the Snukals owned prior to the formation of Fountain view. The leases were negotiated and approved by the company's board, and all of these facilities operate profitably for Fountain View.

The Snukals have been careful to distance themselves from any decisions relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 anything in which they have or have had a financial interest and have disclosed all such interests in documents filed with the Securities and Exchange Commission.

Richard Kam CFO See Chief Financial Officer. , Fountain View Inc. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  

Tough Times

The articles in the Oct. 8 Business Journal have hit home.

I thank you for the strong words which show the light on how the little people have been affected. The stories are so true for so many.

My family has also been touched by the layoffs, decrease in hours and more. Your story of hotels scrambling for missed business is a reality many can not admit or care about.

My family of 10 live in the city of Lennox. We -- as well as many uncles, aunts and friends -- have relied on LAX and surrounding hotels for work. Now that no one is flying and conventions are canceling puts many of us out of work.

We are wondering what to do, with no income, mortgage payments to make, food to buy. Scrambling to find work is the truth.

Thanks for the light.

Silvia Troccoli Gonzalez Administrative Assistant, LivHOME Los Angeles

What's the Point?

You made a major point in your editorial when you talk about what I call "hysterical bureaucratic senseless security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising"
security
." The first example of this was the elimination of curb side luggage check in. Can anyone explain to me how much more secure we are if I have to drag my suitcases an extra 100 feet. It isn't as if we check our baggage and then walk into a locked room which we can't leave until we get on board a plane, so what is the point?

Then last week I went to the California Forum at the Museum of Tolerance The Museum of Tolerance is a multimedia museum in Los Angeles, California, with an associated museum in New York City, designed to examine racism and prejudice in the United States and the world with a strong focus on the history of the Holocaust. . They confiscated con·fis·cate  
tr.v. con·fis·cat·ed, con·fis·cat·ing, con·fis·cates
1. To seize (private property) for the public treasury.

2. To seize by or as if by authority. See Synonyms at appropriate.

adj.
 my key ring combination finger nail file nail file
n.
A small flat file used for shaping and smoothing the fingernails and toenails.
, screw driver head and 1 1/2-inch knife. There is no logic to this kind of hysteria.

I think the public will put up with security if the procedures make sense, but they will not if they turn out to be "hysterical bureaucratic senseless security measures."

Harold L. Katz Partner, Katz, Fram & Co. Los Angeles

Environmental Nightmare

Steve Soboroff is not an "environmentalist's dream". ("Soboroff Now Must Curry Favor of Mayor He Chided," Oct. 15). In fact he is a real estate developer's dream. His boast of his record of "1 million square feet of asphalt replacement with grass and trees" is actually a remarkable project being spearheaded by Andy Lipkis and Tree People. Soboroff has been supportive of it, but it's certainly not his idea, and, as for it being part of his "record," the project was still having trouble getting funded due to bureaucratic red-tape. This self-boasting habit of Soboroff's is indicative of the sort of green-washing claims we are sure to hear from him as head of Playa playa
 or pan or flat or dry lake

Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions.
 Vista.

Also, Soboroff never spoke about not having enough of a budget for parks in Los Angeles. At the Sierra Club Sierra Club, national organization in the United States dedicated to the preservation and expansion of the world's parks, wildlife, and wilderness areas. Founded (1892) in California by a group led by the Scottish-American conservationist John Muir, the Sierra Club  mayoral endorsement interview, when asked why he thought we didn't need more parks in the city, he claimed we had enough and that his stint as chair of the Rec & Parks Commission was proof that we didn't need more parks. "We just need to clean them up," he said. The existing parks do need to be cleaned up. But a suggestion of no new parks in one of the most park-poor regions in the nation...? And he has the nerve to call himself an environmentalist's dream.

Nightmare is more like it.

Mark Reback Los Angeles
COPYRIGHT 2001 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Date:Oct 22, 2001
Words:766
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