Lester B. Korn - Thursday Flashes - April 19, 1979

Sep 28, 2026

Uploaded by Hazel

A speech and news-style briefing from Lester B. Korn highlights Proposition 13 and its claimed effects on California’s economy, including employment growth, business climate, and projected income gains. It recounts the strategy and political outreach used to broaden a tax-reduction movement across states, with endorsements and electoral wins. The briefing then details federal proposals, introducing HR 1000, describing cuts to spending and income taxes, and arguing for balanced-budget outcomes and capital-gains and income-tax indexing reforms.

LanguageEnglish

CategoryHealthcare

FormatPDF

Pages13

Reading Time33 min

AccessFree to download

Prop. 13 - Vital to Economy

Success Stories

Extended Tax Movement

HR 1000 and Fiscal Proposals

Friday,May 25,Noon LESTER B.KORNPresident and Chief ExecutiveOfficerKorn/Ferry International"THE SUCCESSFULCORPORATELEADERS OF THE 1980's” THURSDAY FLASHES—APRIL 19,1979From Address by 40,000jobs;and,California had I percentless inflation than the rest of the nation. Prop.13—Vital to Economy Yesterday,the U.S.Department ofCommerce said that since Proposition 13,California has increased employment 91,000 jobs;California's business climateis 5.25 as compared to the rest of the statesat 3.25;business in California has in-creased 20 percent as compared to the restof the nation at 10 percent. The A.C.Wainwright Company in Bos- Sheraton Palace HotelGold Ballroom Howard Jarvis,co-author,Proposition 13;chairman,American Tax ReductionMovement. 13,the personal income of Californiansover the next 10 years will increase $110billion. All this bears out one of the bases forProposition 13,that it was vital to theeconomy of California. There are a few people here today whowere in the organization in 1964 and whohave stayed with the organization throughthick and thin.I was called a nut,screw-ball,fascist,extremist,populist,left-handed liberal,and a few other names—allof which are partially true.In the Prop.13campaign,we had a hard-core group ofpeople who saw what had to be done inCalifornia and had the guts,money andwill to do it. Back in those days,there were only 25citizens sitting around a living room sayingwe are going to get into this and we are not Lester B.Korn has emerged as the best known spokesman on executives and theirwinning_characteristics.His firm,Korn/Ferry International,is the largest executivesearch firm in the world,with offices throughout the U.S.,as well as Europe,Asia andLatin America.His discussion before the Commonwealth Club will be based on thefindings of a joint study conducted by his company and UCLA Graduate School ofManagement,which established profiles for successful executives in fields of indus-try,insurance,banking and finance,transportation and retailing.Tickets-$7.50 at the door.JAN HUTCHINS,Quarterly Chairman ton,a very prestigious prognasticator offinancial situations,has released a reportin which they say that due to Proposition Governor Brown called me in Chicago acouple of months ago to tell me that be-cause of Proposition 13,employment inCalifornia had increased 60,000 jobs;un-employment in California had gone down # Jarvis Introduces HR 1000 in Congress going to quit.The same people who wereon the Board of Directors then,are on theBoard of Directors now. # Extended Tax Movement Every person in the United States whoworks for a living,every nickel he makesfrom January through June 10,goes totaxes.More than 50 percent of all the earn-ings of the people in this country now go totaxes.And because under that circum-stance,a free country cannot and possiblywill not exist,we decided we had to ex-tend what we had accomplished inCalifornia as far as we could. Although we are non-political,non-profit and non-partisan,we found thatpeople were coming to us as candidates formunicipal office in California asking if wewould endorse them.We endorsed 150candidates,and 90 percent were elected.And,then we went to a place called Mas-sachusetts. There is a very strong political machinethere headed up by some people who youmay recall.We picked a candidate forgovernor by the name of Ed King.Hecommitted himself for a 13 for Mas-sachusetts and "yes"for our national pro-gram.We endorsed him and he won theelection,over a major U.S.political ma-chine. Success Stories We went to Maryland and found astruggling young man by the name ofHughes.He went with our program,weendorsed him and he won the governor-ship of Maryland. Then,we went to Minnesota and Texasand had similar success stories. We then sent out 950 telegrams to can-didates for Congress.We asked,"How doyou stand on a concept of 13 for yourstate?”We endorsed 136;89 won. We found out that this issue has politicalclout;so,we

FAQs

What does the document claim Proposition 13 accomplished for California?

It claims Proposition 13 increased employment, improved the business climate, and boosted economic outcomes such as higher personal income projections.

How did the speaker describe extending the tax movement beyond California?

The speaker describes endorsing candidates, campaigning in multiple states, sending telegrams, and using the issue’s political clout in congressional districts.

What is HR 1000 described to do?

HR 1000 is described as reducing government spending and cutting the federal income tax to help achieve a balanced budget via the tax cut.

Sep 28, 2026

Uploaded by Hazel