Watt Receives L.A. Council’s Lifetime Award
Ray Watt, chairman and chief executive officer, Watt Industries, has received the fourth Los Angeles Business Council Lifetime Achievement Award.
The Council, formerly known as the Los Angeles West Chamber of Commerce, makes the award to those who in addition to having reached top positions in their industry also have made major contributions to the educational and cultural environment of the community.
Watt, currently vice chairman of the USC board of trustees, serves on the board of directors of KCET and the Los Angeles Council of the Boy Scouts. He is also a director of the National Corporation of Housing Partnerships, a corporation established by Congress to speed development of middle- and low-income housing.
Watt served as assistant secretary of housing and urban development in the Nixon Administration and from 1972 to 1979 was chairman of the Federal Home Loan Bank of San Francisco.
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