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NEWS
September 18, 2013
Letter writer Michael Saltsman tells us the minimum wage is worth 6 percent more than it was 20 years ago (" Job-killer, thy name is minimum wage Sept. 16). That's less than comforting news considering the current minimum wage still won't allow a worker to be self-sufficient, even if he or she has two or three of those type jobs. This was chronicled quite effectively in Barbara Ehrenreich's book, "Nickel and Dimed," where she worked undercover at minimum wage jobs for a period of one year.
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NEWS
October 3, 2014
If America needed another reason to press ahead with rules requiring corporations to be more forthcoming about executive pay, it arrived recently in the form of a study from the Harvard Business School. Researchers asked ordinary folks: How much more do you think a CEO earns compared to the average worker? Regular people, being somewhat sensible by nature, reckoned a chief executive officer made about 30 times the average worker - not the entry level, mind you, but the average. Bless their little generous-but-aspirational hearts, that sounded pretty good.
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NEWS
September 5, 2003
WITH CORPORATE scandals shaking the nation's stock markets, the New York Stock Exchange - the securities industry's top self-regulator - naturally has pushed for corporate governance reforms. It's also only natural that the world's largest stock market adopted this June higher standards for its own governance, including pledging to disclose its executives' pay. What's unnatural - and deeply troubling - is that disclosure now reveals the NYSE as a vivid example of perhaps the most resistant ill afflicting corporate America: "CEO-itis," as one analyst dubs it. The private entity announced last week that Richard A. Grasso, its chairman and CEO, is receiving a stunning $140 million in deferred salary and retirement benefits.
BUSINESS
By Scott Dance and The Baltimore Sun | September 29, 2014
A near doubling in Under Armour's stock price over the past year helped drive CEO Kevin Plank past Ravens owner Steve Bisciotti in the Forbes 400 list of the richest Americans. Plank is worth $3 billion, according to the financial magazine, up from $1.7 billion a year ago. He has climbed from No. 345 to No. 327 to No. 190 over the past three years. Bisciotti, whose wealth comes both from the Ravens and the staffing firm Allegis Group, is worth $2.6 billion, ranking No. 235 on the list.
ENTERTAINMENT
By Luke Broadwater | July 11, 2011
Is there a better way to market your product than naming "East Bound & Down's" Kenny Powers your CEO?  That's just what K-Swiss did with its new YouTube marketing campaign.  The videos -- which in true Powers style are profane (cover your ears children!) -- feature cameos from Michael Bay, Matt Cassel, Jillian Michaels, and MMA Champion Jon "Bones" Jones, among others, who now apparently help Powers run the company.  K-Swiss now has a new slogan too: "Shut up and buy them.
BUSINESS
By Steve Kilar, The Baltimore Sun | February 2, 2012
Medifast Inc., an Owings Mills-based maker and provider of weight-loss programs, said Thursday it would replace its chief executive officer next week with the company's board chairman. The employment agreement for Michael S. McDevitt, the current CEO, expires Wednesday, and he and the board mutually agreed not to renew his contract, the company said. McDevitt led the company during a period of growth over the past five years; he had joined Medifast in 2002. McDevitt will be replaced by Michael C. MacDonald, a board member since 1998 and executive chairman since November.
NEWS
October 27, 2005
On October 14, 2005, CORPORALBERNARD L. CEO, son of Rosemarie and Fred Ceo, Jr.; brother of Fred III (Nancy) and Corye Ceo. Also survived by other relatives. Friends may call the PHILLIPS FUNERAL HOME, P.A., 17221-27 N. Monroe Street (Westwood Ave), Thursday, 12 noon to 8 P.M. Family visitation 5 to 7 P.M. Family will receive friends Friday, 9 to 9:30 A.M., with Mass to follow at St. Bernadine's Roman Catholic Church, 3812 Edmondson Avenue. Interment Arlington National Cemetery.
NEWS
September 8, 2004
On September 1, 2004; FRED CEO SR.; beloved husband of Isolene D. Ceo. He is also survived by four children (one son predeceased), three brothers, one sister, two daughters-in-law, one son-in-law, nine grandchildren, four great-grandchildren and a host of other relatives and friends. On Wednesday, Mr. Ceo will lie instate at 1st Baptist Church of Cherry Hill, 823 Cherry Hill Road, where the family will receive friends from 10 to 10:30 A.M. with services to follow. Inquiries to VAUGHN C. GREENE FUNERAL SERVICES 410-233-2400.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | June 4, 2014
Thomas M. Gibbons, former president and CEO of Chesapeake & Potomac Telephone Cos. who also served on boards of business and educational institutions, died Sunday of complications from a stroke at The Terraces of Bonita Springs Retirement Community in Bonita Springs, Fla. The former Roland Park resident was 88. "Tom was one of the best executives I ever met or worked for in my life," said John Henry "Hank" Butta, a former president and CEO...
BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | May 18, 1995
Merry-Go-Round Enterprises Inc. has had three chief executive officers in the last two years. It may soon get its fourth.The Joppa-based fashion retailer is nearing the completion of its search for a permanent CEO and hopes to have a new boss on the job by June 30 or soon after, according to interviews and bankruptcy court filings.The leading candidate is a department-store executive with substantial experience in apparel merchandising, said two people familiar with Merry-Go-Round. The candidate's identity could not be determined yesterday.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 23, 2014
Alerted by a phone call one recent Sunday, Stephen Pieper drove his black pickup the few miles from his farm in White Hall to Monkton, where he arrived too late to stop a man from plowing under the corn on 95 acres of land he'd leased for decades. Pieper, who leases more than 1,000 acres in Baltimore and Harford counties, said $100,000 worth of corn was destroyed by the farm's new owner — the CEO of Hunt Valley-based Sinclair Broadcast Group. David Smith, who heads the nation's largest independent TV broadcast company, had no choice, his attorney said.
NEWS
By Rachel Cieri | August 21, 2014
Milton Matthews knows he has a lot to learn. The new Columbia Association president and CEO, who started June 2, has his hands full keeping track of the Inner Arbor Plan and redevelopments downtown. But with nearly three decades of city management experience in Virginia and Missouri, the former marathon runner and jazz lover, 60, may just find the time to enjoy all that Columbia has to offer. Howard Magazine talked with Matthews about where he came from, how he ended up here and what makes him look forward to living here.
BUSINESS
By Michael Bodley, The Baltimore Sun | August 19, 2014
Maryland-based EPIC Pharmacies will soon have a new CEO, when independent pharmacy owner Jay Romero takes charge at the beginning of next year. Romero, who has served on EPIC's board of directors since 2012, is expected to bring to the Cockeysville-headquartered network a "real-world understanding of the challenges facing independent pharmacists today and in the future," said Jeff Sherr, vice president of EPIC's board of directors, in a statement ...
NEWS
By Robert B. Reich | August 13, 2014
In recent weeks, the managers, employees and customers of a New England chain of supermarkets called Market Basket have joined together to oppose the board of director's decision in June to oust the chain's popular chief executive, Arthur T. Demoulas. Their demonstrations and boycotts have emptied most of the chain's 71 stores. What was so special about Arthur T., as he's known? Mainly, his business model. He kept prices lower than his competitors, paid his employees more, and gave them and his managers more authority.
NEWS
August 13, 2014
Soft love doesn't belong in education, but it is often a motivator in allowing our youth to proceed in the system without achieving the required knowledge. Yes, love may be a motivator in allowing a student to "do a project" instead of qualifying, although such compromises also cover up the failure of the system to have the student qualify. "Do a project instead of qualifying" is one of many examples of demand compromise which have spared some young people the hurt of a current failure while dooming them to future pain of inability to cope as adults.
NEWS
By Erica L. Green, The Baltimore Sun | August 9, 2014
As hundreds of Baltimore public school graduates prepare to set foot on a four-year college campus in Maryland this month, nearly half will notice something familiar on their schedules: a class they took in high school. More than from any other school district in the state, Baltimore students' test scores have pushed them into noncredit remedial courses that they must take before college-level classes, according to new data from the Maryland Higher Education Commission. The 46 percent of city students needing remedial courses in Maryland's public universities in the 2012-2013 school year, the most recent data available, was nearly double that of neighboring districts in the Baltimore region.
BUSINESS
By Hanah Cho, The Baltimore Sun | February 8, 2011
Former top Legg Mason executive Peter L. Bain was appointed Tuesday as president and chief executive of Boston-based Old Mutual Asset Management. Bain left Legg in 2009, having served as senior executive vice president in charge of affiliate management and corporate strategy. He joined Legg in 2000. Bain will relocate to Boston from Baltimore and assume his new position on Feb. 22. Old Mutual is selling its Baltimore-based life insurance operation to a private equity firm for $350 million.
EXPLORE
November 24, 2011
Michael Davis has been named Chief Executive Officer of G. Cefalu Bro. and Capital Seaboard, in Jessup, and will begin to oversee the operations of both companies. Davis brings more than 20 years of experience in high growth foodservice and distribution. He previously served as CEO of Cal Atlantic; Senior Vice President and Partner of Coastal Sunbelt Produce; was a member of the Maryland Restaurant Association Board of Directors; and was the Vice President of Capital Seaboard.
NEWS
By Colin Campbell, The Baltimore Sun | August 4, 2014
Several Cherry Hill residents opened their doors Monday evening to a man in a gray pinstriped suit, flanked by aides and cameras on their front stoops. "Hi, I'm Greg Thornton," the new city schools superintendent said each time, extending his hand. Thornton and Mayor Stephanie Rawlings-Blake walked the neighborhood, introducing themselves and handing out fliers promoting a Thursday night education forum at Friendship Academy. Thornton, 59, hired in February from his job as superintendent of Milwaukee's public schools, said he was excited "to knock on some doors and meet some folks.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | July 16, 2014
Under Armour might start collaborating with smartphone maker Samsung Electronics Co. on wearable fitness devices, according to a South Korean news report. Yonhap News Agency cited market sources in a Wednesday report that said the de facto heir of the South Korean Samsung Group, Lee Jay-yong, met with Under Armour CEO Kevin Plank this month in Seoul. The two business leaders "reportedly discussed ways of countering impact from collaboration between Apple Inc. and Nike Inc. in the wearable devices sector," Yonhap News said.
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