NEWS
By Tricia Bishop, The Baltimore Sun | May 12, 2013
Four presidents at public research universities made a collective $9.2 million in fiscal year 2012, with the top earner of the group making much of his money because he was fired, according to a report released Sunday by the Chronicle of Higher Education. Graham B. Spanier, who was terminated from Pennsylvania State University in late 2011 for his handling of a child-molestation scandal, was paid $2.9 million - $1.2 million of it in severance. This was the first fiscal year that four presidents topped the million mark in compensation.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 19, 2013
Compensation for First Mariner Bancorp's top executive reached $495,362 last year, about double from a year ago thanks to a bonus, according to a company filing with the Securities and Exchange Commission. Mark A. Keidel, president, chief operating officer and interim CEO of the Baltimore-based bank holding company, earned a base salary of $235,000, a bonus of $251,340 and other compensation of $9,022 in 2012, according to regulatory filings. His total compensation the year before was $244,436.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | March 22, 2013
The top executives of T. Rowe Price Group Inc. saw their compensation rise last year, the Baltimore-based investment firm reported. CEO James A.C. Kennedy earned $8.4 million in total compensation last year, a 7 percent increase over 2011 and Brian C. Rogers, Price's chairman and chief investment officer, earned $8.3 million in total compensation, an 8 percent increase from 2011, the company reported in a recent filing with the U.S. Securities and...
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | March 19, 2013
Under Armour CEO and president Kevin Plank earned $1.53 million in total compensation last year, a 35 percent jump over 2011, the Baltimore-based sports apparel company reported Tuesday. Plank, the company's founder and chairman of the board, had a base salary of $26,000 - unchanged from 2011, according to a proxy statement filed with the U.S. Securities and Exchange Commission. But Plank earned $1.5 million in non-equity incentive plan compensation, up from $1.1 million in incentive plan earnings in 2011, the company said.
SPORTS
By Edward Lee, The Baltimore Sun | February 9, 2013
While the Ravens front office contemplates Joe Flacco's agent's insistence that his client should be the highest-paid quarterback in the NFL, Flacco's teammates have a pretty good idea of where Flacco stands with the rest of his peers. “He deserves to get paid,” outside linebacker Terrell Suggs said as a guest on The NFL Network's “NFL Total Access” program Friday night. “Where he scales at, that's between our front office and his agent. But he definitely deserves it. The man has a championship ring and you reward your champion by paying him.” Wide receiver and return specialist Jacoby Jones appeared on the same program and voiced a similar opinion.
BUSINESS
By Kevin Rector, The Baltimore Sun | January 3, 2013
Employees at the former ESPN Zone restaurant in Baltimore who were laid off without notice when the Inner Harbor attraction closed in 2010 were not compensated correctly under federal law and are due additional payments, a federal judge ruled Thursday. About 140 full- and part-time employees worked at the restaurant when it was closed June 15, 2010. In October 2010, a class-action lawsuit was brought against Zone Enterprises of Maryland, a subsidiary of the Walt Disney Co., alleging that the company failed to give the employees 60 days' notice, as is generally required of companies with more than 40 employees under the federal Worker Adjustment and Retraining Notification, or WARN, Act. The Baltimore restaurant was one of five ESPN Zone locations nationwide closed at the time.