OC 50: INDUSTRY & SERVICES
Orange County Business Journal, Apr 28-May 4, 2008
Team had strong 2007, winning American League West. Lost in division series to Boston Red Sox, eventual World Series champion.
Angels drew 3.3 million fans last year, slightly below 2006's record of 3.4 million. Season ticket sales up this season, despite some softness in corporate suite sales.
Has infused cash into Angels. Opening day payroll of $119 million sixth in baseball. Owns KLAA (830 AM), Angels' flagship radio station in Orange.
After home opener earlier this month, said to have treated group of fans to shopping spree at team store.
Spent 2005, early 2006 battling Anaheim in court. Jury found he didn't violate Angel Stadium of Anaheim lease with name change. case on appeal. Relations with Mayor Curt Pringle, fellow OC 50er, strained since.
Lives in tony part of Phoenix near Arizona Biltmore hotel. Family spends summers at La Jolla home. Says he loves OC, stays at local hotel during home games. Travels via private jet.
Goes by "Arte." Focused, laconic. Enjoys watching baseball over beer with buddies.
Made fortune in billboards. With partner Bill Levine (minority investor in Angels) built Outdoor Systems, sold to Viacom for $8.7 billion in stock in 1999. Forbes puts wealth at $ 1.2 billion.
Former owner of minor league baseball team in Salt Lake City. Had been minority owner of Arizona Diamondbacks. Owned stake in NBA's Phoenix Suns.
Fourth-generation Mexican-American, role model for OC, other Hispanics. Oldest of 11 children. Speaks fluent Spanish, often to fans, workers.
Father ran print shop, grandfather published newspaper. Attended Catholic school, worked in dad's print shop during high school. Joined Army in 1965, fought in Vietnam.
Graduated University of Arizona in 1973 with marketing degree. Activities included Alpha Tau Omega fraternity.
Republican. With wife Carole (prominent in Phoenix social circles), spent honeymoon driving West Coast attending baseball games. Son, two daughters. Enjoys spending time with family. Longtime Little League coach.
-Vita Reed
JAMES THOMAS MORRIS
Chief executive, president
Pacific Mutual Holding Co.,
Pacific Life Insurance Co.
Born in Bryn Mawr, Pa., Jan. 11, 1960
Lives in Laguna Niguel
Starting second year as chief executive. Took over from former OC 50er Tom Button, who held the job for 17 years up until early 2007. Sutton remains chairman.
Morris 14th chief in company's 140-year history. Company sells life insurance, annuities, investments for individuals, businesses, pension plans.
Pacific Life owned by policy holders. County's largest private company with 2007 revenue of $5 billion. Has $111 billion in assets under management.
Company considered one of top in insurance industry.
Aviation Capital Group unit buys planes, leases to airlines. Counts 211 aircraft worth more than $5.3 billion.
Premiums make company big investor in mortgages, bonds, venture funds, real estate. Pacific Life spawned bond fund manager Pimco.
Earlier this year, company sold remaining interest in Pimco for $288 million. Held as much as $2.1 billion in 2002. Pimco continues to act as adviser to Pacific Select Fund.
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