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BUSINESS
Jay Hancock | October 19, 2010
Maryland and most other states outlaw "pay for performance" for political lobbyists for a very good reason. Experience has shown, going back to an 1853 case involving a Baltimore & Ohio Railroad lobbyist and the Virginia Legislature, that rewarding business agents for achieving short-term goals induces them to break the rules. It's OK for lobbyists to earn a salary, courts have found. But paying them bonuses for legislative approval of specific bills — "success fees," they're called — creates temptations for corner-cutting and sleaze that even the pols in Annapolis found extreme.
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SPORTS
By Matt Zenitz and Baltimore Sun Media Group | October 2, 2014
Maryland announced on Thursday that football season ticket sales have increased 25 percent since last year. That means coach Randy Edsall will receive a $100,000 bonus, according to Edsall's contract. Edsall signed a six-year deal with the Terps in 2011 that is worth $2 million annually. Among the incentives in the contract is a $100,000 bonus if Maryland's season ticket sales increase 25 percent or more in a year. In addition to season ticket sales, the Terps' overall attendance is up 25 percent from last season, the biggest increase of any school within the Power 5 conferences.
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NEWS
July 31, 2012
Bankruptcy is for those who are legally insolvent, unable to pay their debts. So how is it that RG Steel is planning to pay multi-million dollar bonuses to 10 executives ("RG Steel executive bonuses approved by federal judge," July 19)? Since they were running the company, one would assume they created this financial disaster and therefore should be that last in line to receive any payments. Anne Hackney, Parkton
NEWS
By Scott Dance and The Baltimore Sun | September 21, 2014
A satellite that has been hurtling toward Mars for the past 10 months slammed on the brakes Sunday night, gliding into the red planet's gravity field to spend a year studying its atmosphere - and hopefully collect evidence that Mars might once have supported life. On a mission managed from NASA Goddard Space Flight Center in Greenbelt, the MAVEN spacecraft neared completion Sunday night of a 442 million-mile journey by firing six thrusters in reverse and being pulled into Mars' gravity field.
EXPLORE
December 20, 2011
The following is the complete text of Harford County Executive David R. Craig's statement Friday about his veto that will keep some school employees from getting bonuses approved by the Harford County Council Dec 13: "In light of recent statements issued by the Harford County Education Association (HCEA), and its intent to subvert actions of this administration and the County Council to issue a one-time bonus to Harford County Government and Board of Education employees, I will be exercising power granted to me by Section 311 of the Harford County Charter to issue a line item veto on Bill 11-54 As Amended to strike the fund appropriation to the Board of Education.
SPORTS
September 21, 2013
The $64,000 in bonus money paid to a non-performing agency such as the U.S. Department of Veterans Affairs office in Baltimore is, in one word, sickening ("VA paid bonuses at Md. office," Sept. 19). The story about rewards for "individual performance" is just baloney. When veterans are forced to wait 500 or more days for action on a claim, this is evidence of ineffective management and poor individual performance right down the line. If it wasn't a government job, these non-performers would get what they deserve - a pink slip.
EXPLORE
December 22, 2011
Harford County teachers are confused. They were getting bonuses. Now they're not. They're not totally sure why they didn't get the $625 Harford County Executive David Craig proposed for them, and gave to all Harford County employees except those represented by the Harford County Education Association. In the end, however, what the teachers are sure of is they would prefer the one-time bonus to the nothing that they're getting. While few teachers are commenting publicly, many behind the scenes are chastising HCEA President Randy Cerveny for making the bonuses political when they should be seen for what they were intended - a one-time gift.
EXPLORE
March 20, 2012
Harford's teachers have been cleared to finally get the bonuses set aside for them by County Executive David Craig, after the county council approved a $2.1 million appropriation for the bonus money Tuesday. Teachers were supposed to get the $1,250 bonus along with all other county employees by the end of 2011, but Craig vetoed that bill after the Harford County Education Association teachers' union tried to get more control over the funding distribution. The county board of education finalized a collective bargaining agreement with HCEA on Feb. 13, according to the council bill.
BUSINESS
By Jonathan Pitts, The Baltimore Sun | September 19, 2013
When jockey Chelsey Keiser rode Greentree Road, a 6-year-old gelding from Frederick, across the finish line to place second in the fourth race at Laurel Park on Thursday, she earned his owner 20 percent of the $15,000 purse, or $3,000. It was far from the biggest take on a sunny opening day of the 2013 fall meet, the 103rd for the storied track. But it made history. Thanks to a new incentive program aimed at revitalizing Maryland's sagging horse industry, Greentree Road also netted his breeders a bonus of 30 percent of its purse winnings - $900 - because the horse was born in the state.
FEATURES
By Dave Rosenthal | December 11, 2012
"Fifty Shades" the S&M series that became a surprising runaway best-seller this year, has paid off in a big way for workers at a Random House distribution center outside Baltimore. As noted in this article in the Baltimore Sun, each of the 800 workers -- from supervisors to secretaries -- will receive a $5,000 bonus, a company official announced at the Westminster center's holiday party. Company CEO Markus Dohle said that E. L. James' trilogy -- "Fifty Shades of Grey," "50 Shades Darker" and "50 Shades Freed" -- was a major factor in the company's success this year.
SPORTS
June 23, 2014
Instead of more tax dollars going to the U.S. Department of Veterans Affairs ( "VA's acting chief tours Baltimore medical center," June 17), the new secretary should fire all the leadership at the VA that allowed the people who got bonuses based on wait time to cook the books and then prosecute all those who took bonuses they did not earn, which amounts to stealing tax dollars from us. J. Heming, Baltimore - To respond to this letter, send...
BUSINESS
By Natalie Sherman | April 29, 2014
The CEO of a Hunt Valley-based real estate investment trust, which has a portfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country. Omega Healthcare Investors, Inc. CEO C. Taylor Pickett received a $700,000 base salary and a $1.05 million cash bonus in 2013. Chief Operating Office Daniel J. Booth was awarded $3.92 million in compensation for the year, while Chief Financial Officer Robert O. Stephenson received $3.03 million, according to a proxy statement filed with the Securities and Exchange Commission Tuesday.
NEWS
By Alison Knezevich and Liz Bowie, The Baltimore Sun | April 15, 2014
Baltimore County Executive Kevin Kamenetz released a budget proposal Tuesday that he says is part of a long-term plan to eliminate school overcrowding, resulting in a surplus of classroom seats by 2021. The county could face a shortage of 1,400 seats by then without aggressive funding, said Kamenetz, whose proposal was the final budget address of his current term. "If there is a shortage of seats, that means more trailers and larger class sizes," the county executive said at a news briefing before the budget unveiling.
SPORTS
Sports Digest | April 11, 2014
Triathlon Ironman Series to hold first state, Mid-Atlantic race in September The inaugural state Ironman triathlon will take place Sept. 20, becoming the first Ironman Series race in the Mid-Atlantic and the series' 12th U.S. location. The 2.4-mile swim will take place in the Choptank River on the Delmarva Peninsula, the 112-mile bicycle race will run through Dorchester County and into the Blackwater National Wildlife Refuge, and the 26.2-mile run will be on primarily flat roads.
SPORTS
By Jeff Barker and The Baltimore Sun | April 11, 2014
The Maryland women's basketball team's run to the Final Four triggered bonuses topping $100,000 for head coach Brenda Frese. The Terps upset top-seeded Tennessee and recorded three other NCAA tournament victories to advance to their first Final Four since 2006. Frese's bonuses total $100,507, based on her contract terms. According to the contract, Frese was to get “competition bonuses” for reaching the NCAA tournament's first round ($5,000), second round ($10,000), Sweet Sixteen ($15,000)
NEWS
By Robert B. Reich | March 19, 2014
It's often assumed that people are paid what they're worth. According to this logic, minimum wage workers aren't worth more than the $7.25 an hour they now receive. If they were worth more, they'd earn more. Any attempt to force employers to pay them more will only kill jobs. By this same logic, CEOs of big companies are worth their giant compensation packages, now averaging about 300 times the pay of the typical American worker. They must be worth it or they wouldn't be paid this much.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | July 18, 2012
A federal judge approved Wednesday a potentially multi-million-dollar bonus package for 10 RG Steel executives after the Baltimore County steelmaker modified the proposal in response to objections. The amount seems unchanged from the original proposal, which the U.S. Trustee Program calculated could be up to $20.3 million. But RG Steel altered the proposal to make some of the payments contingent on sales of its facilities to buyers who intend to operate them. Both creditors and the U.S. Trustee Program, which oversees bankruptcy cases, objected to the company's original plan.
NEWS
By Laura Smitherman | laura.smitherman@baltsun.com | November 13, 2009
Top managers and employees at the Maryland Automobile Insurance Fund were having a tough time financially and were in jeopardy of not qualifying for bonuses last year. So the board that oversees the independent state agency changed the bonus plan so that the employees would qualify. Bonuses to more than 400 workers totaled $1.4 million, most of which would not have been paid out without those changes. According to a critical state legislative audit released Thursday, the insurance fund bonuses were paid despite the agency's $19.6 million loss that year and the financial strain on the state that has laid off hundreds of employees and subjected the entire work force to furloughs.
SPORTS
By Aaron Wilson, The Baltimore Sun | March 15, 2014
Newly-minted Ravens wide receiver Steve Smith is due $9.5 million in total compensation this year, according to league sources. Smith is due $5 million from the Carolina Panthers: $3 million in guaranteed salary and another $2 million in deferred bonuses. The 34-year old five-time Pro Bowl selection gets $4.5 million from the Ravens in the first year of his three-year, $11 million contract. That includes a $1 million base salary and a $3.5 million signing bonus. Smith has a $2.166 million first-year salary-cap figure for the 2014 league year.
SPORTS
By Jeff Zrebiec and Aaron Wilson, The Baltimore Sun | March 15, 2014
On his way to Baltimore on Thursday night, Steve Smith got a phone call from New England head coach Bill Belichick who told the free agent wide receiver that he wanted him to play for the Patriots and catch passes from Tom Brady. The reigning Super Bowl champion Seattle Seahawks also called and Smith said the San Diego Chargers - coached by Mike McCoy, his former passing game coordinator in Carolina - made him a contract offer. But as Smith pondered a move for the first time in his 13-year NFL career, he concluded that there was no need to make any more visits after Baltimore.
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