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Article: Architect keeps family's firm afloat by design.(SPECIAL REPORT: MOST ADMIRED CEOs)(AC Martin Partners' Christopher Martin )
- Article from:
- Los Angeles Business Journal
- Article date:
- October 12, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARCHITECT Christopher Martin knows a thing or two about riding out a recession. The chief executive of AC Martin Partners Inc. survived the recession of the early 1990s--as did his family's 103-year-old downtown L.A. architect firm.
During that period, Martin learned the importance of keeping lean during hard times, so in the last year he's applied those lessons; he's reduced the work force of AC Martin from nearly 200 employees to about 120 and also cut salaries. And he hasn't exempted himself from the cost-cutting.
Six weeks ago, he sold his beloved Cirrus SR22 airplane, a four-seat propeller plane he purchased in May 2008 for about $600,000 and added ...