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From Times Staff and Wire Reports

New L.A. Gear Chief Declines to Take Salary: Stanley Gold, the new president of struggling footwear maker L.A. Gear Inc., will get no salary or cash compensation for his work at the company this year, according to documents filed with the Securities and Exchange Commission. Gold was named chairman and chief executive of the troubled firm Jan. 24 after Trefoil Capital Investors, of which he is president, completed an investment that gives it 34% of the company. His predecessor, L.A. Gear founder Robert Greenberg, made $2 million in 1990 and took a pay cut to $1.5 million last year.

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