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FEATURES
By Amy Cortese and Amy Cortese,NEW YORK TIMES NEWS SERVICE | August 7, 2002
While politicians and even chief executives make righteous speeches and advocate tougher penalties for corporate misdeeds, Sister Patricia Daly is smiling. For three decades, she has been quietly forcing changes her own way. Or perhaps not so quietly. Daly, 45, a Dominican nun and member of the Interfaith Center for Corporate Responsibility, leads its efforts to make corporations more liable financially for damage to the environment and climate changes from global warming. Operating frequently from the group's headquarters on the Upper West Side in Manhattan, in a square building known as "the God Box," Daly spends her days meeting with corporate executives, drafting shareholder resolutions and trying to put pressure on large corporations such as Exxon Mobil and General Electric.
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NEWS
July 31, 2012
It shouldn't come as too much of a surprise that Chick-fil-A CEO Dan T. Cathy is an opponent of gay marriage or that he has donated to the cause. The family-owned chain has a strong tradition of conservative Christian leadership - it's no coincidence that the restaurants aren't open on Sundays. It should also not have come as much of a surprise to Mr. Cathy that his recent public comments about his stance would cause a backlash at a time when public opinion polls show a steadily growing acceptance of the idea of gay marriage among American voters.
SPORTS
By Don Markus | September 7, 1991
To the rest of the country, Jim McKay is the man who held overnight vigil in an ABC broadcast booth during the massacre of Israeli athletes at the 1972 Olympics and the man who has traveled the wide world of sports for the past thirtysomething years.But to Maryland, and its horse racing community, Jim McKay is the man who brought a number of previously warring factions together for an event that in its first five years has made an impact both locally and nationally. In many ways, Jim McKay is the Maryland Million.
NEWS
By Robert B. Reich | July 30, 2013
Almost everyone knows CEO pay is out of control. It surged 16 percent at big companies last year, according to the New York Times, and the typical CEO raked in $15.1 million. Meanwhile, the median wage continued to drop, adjusted for inflation. What's less well-known is that you and I and other taxpayers are subsidizing this sky-high executive compensation. That's because corporations deduct it from their income taxes, causing the rest of us to pay more in taxes to make up the difference.
NEWS
By Robert B. Reich | March 21, 2012
Republicans have morality upside down. They're condemning gay marriage, abortion, access to contraception, and the wall separating church and state. But the moral crisis in America isn't a breakdown in private morality. It's a breakdown in public morality. What Americans do in their bedrooms is their own business. What corporate executives and Wall Street financiers do in boardrooms and executive suites affects all of us. We're living through a new Gilded Age of financial fraud and conflicts of interest; exorbitant pay to executives, traders, hedge-fund and private-equity managers; tax loopholes that allow them to pay a lower rate than many middle-class Americans; and legalized bribery of public officials through unlimited campaign "donations.
BUSINESS
By PETER H. LEWIS | April 26, 1993
Corporate executives appear to be more knowledgeable about computer technology than ever, but they have also become more demanding and less forgiving, a survey has found.They believe information technologies are the key to competitive advantage. But they also say they have not got their money's worth.The survey, conducted by the computer industry newspaper Computerworld and Andersen Consulting, also found that 81 percent of top executives are using computers in their daily jobs, nearly double the percentage reported when the survey was first taken four years ago.More than 200 chief executives, chief operating officers and chief financial officers, representing a range of businesses, participated in the study, the results of which were published in Computerworld last week.
NEWS
By LAURA SMITHERMAN AND MEREDITH COHN and LAURA SMITHERMAN AND MEREDITH COHN,SUN REPORTERS | January 11, 2006
As companies continue to drop pensions that have afforded generations of workers a comfortable retirement, a chorus of financial experts warns that workers must learn to save for themselves. But as with admonitions to exercise more and eat less, many workers aren't heeding the advice. One recent survey revealed that one-fifth of Americans think their best shot at amassing several hundred thousand dollars is to win the lottery. And that's far short of the $1 million that some financial planners say baby boomers will need.
BUSINESS
By Michael Oneal and Steve Mills, Chicago Tribune reporters | 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.
NEWS
By Carl T. Rowan | January 14, 1997
WASHINGTON -- I tip my cap today to Peter I. Bijur, the chairman of Texaco Inc., for the straightforward way in which he is extricating that company from what could have become a social-legal disaster.Texaco has been the symbol of racial bigotry in corporate America ever since it was revealed that some of its executives sat in corporate offices denigrating blacks and other minorities and plotting how to destroy company documents that might enable black employees to win a lawsuit in which they accused Texaco of egregious discrimination.
EXPLORE
September 6, 2012
The BWI Business Partnership will host its September Signature breakfast, Wednesday, Sept. 19, from 7:45 to 9:15 a.m., at Four Points by Sheraton BWI Airport, 1001 Scott Drive, in Linthicum. Calvin Butler, senior vice president for corporate affairs for Exelon Corporation, with be the featured speaker. Exelon is the parent company of BGE, ComEd in Chicago, PECO in Philadelphia and Exelon Generation. Butler has been the face of Exelon in Maryland since the energy giant purchase Constellation Energy in March and is charged with raising business support for the company.
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