January 14, 2013
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines. There was too much borrowed money, too little collateral and the overall risk rating that BofA assigned to the transaction was below what the bank liked to see, according to its preliminary analysis. Petrik had never worked on a deal so weighed down by debt.
November 9, 1997
CEOS: Nearly 60 percent of the nation's top corporate executives -- including chief executive officers, partners, owners, presidents, chairmen and principals -- are in their 40s or 50s, says Dun & Bradstreet, the business information company. Dun & Bradstreet found 29.4 percent of top executives are 40 or over, while 29.9 percent are in their 50s, 17.9 percent in their 60s, 7.4 percent in their 70s and 1.6 percent are octogenarians.TPI: The cost of travel has been rising at a much faster clip than overall inflation, according to the Travel Industry of Association.
September 17, 2012
Mark Fetting's departure from Legg Mason is a major blow to the city ("Legg Mason CEO to step down," Sept. 11). Under his leadership no corporation has been more committed to improving the city than Legg Mason, even though Baltimore is blessed with some very public spirited CEOs. Mark is a native Baltimorean with a unique commitment to implement the community obligations of a major business. This perspective is increasingly rare among America's corporate executives. It was a banner day for our city when Legg Mason's board selected him as CEO. We can only be grateful that we received the benefit of five years of his leadership and hope that his tenure is seen as a model by other CEOs.
June 6, 2002
WASHINGTON - In a rare public appearance, the chairman and chief executive of Goldman Sachs, Henry M. Paulson Jr., called yesterday for changes in how public companies are run, audited and regulated to help restore investor confidence. Paulson said faith in corporate executives is at a low and is forestalling a recovery in financial markets. He proposed several measures to rebuild trust, including restrictions on the ability of chief executives to sell shares in their companies. Tracing the crisis to the collapse of Enron Corp.
June 30, 2002
Zillah Ingram taught her ninth-grade class at Wilde Lake High School in suburban Columbia about the global economy. She showed students how much it costs to make a pair of sneakers overseas and the huge markup that consumers in industrial nations are willing to pay. The students, some of whom would readily pay $100 for a basketball jersey, weren't immediately impressed. "They're just so caught up in the materialism that they're spending whatever they have to be in style," the history teacher said, the same motive that has led adults to act wrongly or criminally in the cases that toppled Enron Corp.
February 17, 1992
In the recession, high salaries and other compensation for corporate executives have become controversial. Last week, the Securities and Exchange Commission ordered publicly owned companies to give shareholders the right to voice an opinion how much their executives are paid. Two Maryland companies, Bell Atlantic and Baltimore Gas and Electric Co., were among 10 major U.S. companies affected by the ruling.The Evening Sun would like to know if you think investors should have a say in the salaries for executives.