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| CAL STATE L.A. HONORS The gala affair, which is considered to be one of the retail industry's most significant annual events, will begin at 11 a.m. at the Westin Bonaventure Hotel in downtown Los Angeles. Proceeds from this luncheon will be used to support the educational activities of the Institute and to provide student scholarships. During the luncheon, 8 endowed scholarships of $800 each will also be awarded to Cal State L.A. students Jimanese Bentley (Culver City), Tina K. Chan (El Monte), Andrew Chong (Rosemead), Lorraine C. Jaramillo (Monterey Park), Matthew L. Kunz (Los Angeles 90004), Jorge Mojica (Los Angeles 90033), Natalie Paden (Chino Hills) and Daniel L. Ramirez (Los Angeles 90063). An additional 75 retailing scholarships will be awarded to students who are part of the College Incentive Program from Dorsey, Belmont, Lincoln, Roosevelt, Y.O.U. Alternative, Kulick, and Fremont High Schools, as well as from Cal State L.A. and other institutions of higher learning. Gary G. Michael was elected to the chairman of the board and chief executive officer of Albertson's, Inc. on Feb. 4, 1991. Michael has held many accounting and finance positions with the company including controller, senior vice president of finance, and executive vice president. He was elected vice chairman in 1984. As vice chairman, Michael was responsible for all real estate, design and construction, finance, accounting, legal, human resources, and management information systems. Michael was also responsible for operating the company's combination food and drug stores from 1977 to 1982 in order to gain operating experience. Michael was born in Laurel, Montana, where he lived and attended school until graduation from high school in 1958. He attended the University of Idaho on a scholarship and graduated in 1962. He served as an officer in the U.S. Army from 1962-1964. Michael worked for the international accounting firm of Ernst & Young for two years before joining the Albertson's team in 1966 as an accountant. He is a member of the board of directors of Albertson's; chairman of the Federal Reserve Bank of San Francisco; former chairman of the board of directors of the Salt Lake Branch of the Federal Reserve Bank of San Francisco; a member of the Financial Executive Institute; and a certified public accountant. He is also a director of Questar, Inc., and Boise Cascade Corporation. Michael has been involved in numerous civic and charitable activities. He is past chairman of the board of trustees of Saint Alphonsus Regional Medical Center; past president of the University of Idaho Foundation; past president of the Boise Public Schools Foundation; and serves as a member of the board of directors of Food Marketing Institute. Michael is married and he and his wife have three grown sons and five grandchildren.
BACKGROUND INFORMATION: Founded in 1980 by Cal State L.A. Marketing Professor Bernard Codner, the Institute of Retail Management launched the West Coast's first retailing major for business students and initiated a retailing certificate program. In 1991, the Institute created the College Incentive Program (CIP), designed to motivate Los Angeles inner-city high school students to finish high school, enroll in college and prepare for business and professional careers. Initially limited to Fremont High School, the CIP has been expanded to include six others. The program, funded by the federal government, is administered jointly by the Institute, the Los Angeles Unified School District, the Private Industry Council of Los Angeles and the Community Development Department, City of Los Angeles. It also receives strong support from the retail industry. The CIP is recognized as one of the nation's finest programs for inner-city youth. The College of Business and Economics (CBE) at Cal State L.A. is the University's largest academic school, with nearly 4,000 undergraduate and graduate majors. The CBE offers three baccalaureate and five master's degree programs and has been accredited by the prestigious American Assembly of Collegiate Schools of Business (AACSB) for more than 30 years. Twelve bureaus, centers and institutes, administered by the College-including the Institute of Retail Management-provide vital services to local and national businesses by matching the expertise of talented faculty and students with diverse community needs. For more information, call the Cal State L.A. Institute of Retail Management at (323) 343-2970.
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