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By Kent Larsen
LDS Businessman Willes Sells California Home In Record Deal
LA CANADA-FLINTRIDGE, CALIFORNIA -- Mark Willes, former CEO of Times-Mirror
turned BYU professor, has sold his La Canada-Flintridge home for $5 million,
a record for homes in the area. Willes was forced-out as CEO when
Times-Mirror merged into the Chicago-based Tribune company. He has since
become a visiting professor at BYU's Marriott School of Management.
Willes, who is the nephew of LDS Church presideng Gordon B. Hinckley,
departed from Times-Mirror under a cloud of controversy as journalists
debated the wisdom of his breaches in the traditional wall separating a
newspaper's business operations from its journalists. Traditionally, the
wall exists to keep journalists from appearing to be influenced by the
newspaper's financial deals. Willes' moves caused a storm of controversy
when it was revealed that the Times shared the revenue from a special
section it prepared on Los Angeles' new Staples Center with the center.
Now Willes, who received a huge $64.5 million salary for this year in spite
of being ousted, has cut one of the remaining links he has to the area by
selling his home. He and his wife Laura built the home in 1996 for $1.15
million. It has six bedrooms and nearly 10,000 square feet of floor space
and sits on a lot of slightly more than an acre. The home also reportedly
has seven baths, a pond and a large emergency generator - so large that it
originally had to be brought in by helicopter.
Source:
Curtis Likes It Hot/Veteran actor builds a home in Las Vegas
San Francisco Chronicle (Los Angeles Times) 15Nov00 B2
By Ruth Ryon: Los Angeles Times
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