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By Gus G. Sentementes, The Baltimore Sun | March 18, 2011
Top executives at Under Armour Inc., the Baltimore-based performance apparel maker, saw a big boost in their compensation last year as the company's revenues and profits sharply climbed, according to an Under Armour statement filed Friday with the Securities and Exchange Commission. Kevin Plank, the chief executive officer, received $1.3 million in total compensation, up from $748,000 in 2009. Brad Dickerson, the chief financial officer, was paid $585,000, up from $368,000 a year earlier.
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NEWS
By Charles Cadwell and Mark Goldberg | October 6, 2014
Climate change has been in the news a lot lately. The United Nations held a Climate Change Summit, which was attended by more than 100 heads of state. Hundreds of thousands of people took to the streets of New York for a "People's Climate March," the biggest such event ever. But there was a third very important climate-related development that received much less attention than it warranted: President Barack Obama issued a new executive order that may prove to be a turning point for efforts to advance climate preparedness around the world and for U.S. foreign aid planning.
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BUSINESS
March 5, 2010
The chief executive of Baltimore money manager T. Rowe Price Group received about $4.7 million in compensation last year, a 17 percent drop from 2008. James A.C. Kennedy's $350,000 salary remained the same, but the value of his option awards and nonequity incentive plan compensation slumped. That comes on top of a decrease in 2008, a terrible year for financial companies. Kennedy's 2007 compensation was $7.9 million. Brian C. Rogers, chairman and chief investment officer, took a 29 percent cut last year, to $4.7 million.
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.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 4, 2011
Baltimore-based T. Rowe Price Group raised Chief Executive Officer James A.C. Kennedy's total compensation by nearly 51 percent to $7.1 million last year when the company posted record assets under management, net revenue and profit. Kennedy's base salary remained at $350,000, according to the company's proxy filed Friday. His cash bonus rose to $5 million, from $3.3 million in 2009. The value of Kennedy's stock options was $1.7 million, up from $1 million. Other compensation, which includes retirement contributions, matching gifts to charity and other benefits, totaled about $70,000.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 3, 2012
With baby boomers hitting retirement age, federal agencies expect challenging years ahead in grooming the next crop of leaders, managing heavier workloads, and attracting skilled professionals to work for the government, according to a recent survey of federal executives. Fifty-five federal executives told the Partnership for Public Service that their main challenges were declining budgets, high turnover due in part to retirements, inadequate leadership and succession planning and competency gaps in human resources and agency leadership skills.
NEWS
September 29, 2011
I've been living in Baltimore for 63 years and remember a time when BGE used to take pride in providing the best service to consumers. But it seems the bigger they have grown, the smaller and less important their customers have become. Now, executives at BGE/Constellation want to merge with Chicago-based Exelon, which plainly doesn't have the best interests of our city in mind. Exelon CEO Chris Crane has admitted that the "most impactful job cuts" would happen in Baltimore if the merger is approved.
NEWS
April 7, 1994
In Baltimore County, political candidates began lining up nearly a year ago to take a shot at unseating Republican County Executive Roger Hayden this fall.In Howard County, Republican incumbent Charles I. Ecker seems to be preparing not so much for a re-election campaign as a coronation. To date, no one from either the Republican or Democratic side is ready or willing to try to dethrone Mr. Ecker as he seeks to become the second executive in county history to win a second term. (J. Hugh Nichols was the first.
BUSINESS
By New York Times News Service $ | February 25, 1992
Financial World magazine moved yesterday to sever its relationship with Graef S. Crystal, who writes on executive pay issues for the magazine, because of complaints about hiscolumn.Geoffrey N. Smith, the magazine's editor, said Financial World had decided not to renew Mr. Crystal's contract when it expires in September.He said Mr. Crystal, a professor at the University of California Berkeley, would be allowed to submit one more column for publication, on a pre-approved topic, after the current issue, which just went to press.
NEWS
By Boston Globe | March 15, 1994
CONCORD, N.H. -- Thirteen former executives of American Honda Motor Co. have been charged by federal prosecutors in a $10 million kickback scheme involving nearly every aspect of auto sales.In what prosecutors called the first step in a nationwide federal investigation of Honda sales practices, five men were charged yesterday with racketeering and fraud in federal grand jury indictments and eight more entered guilty pleas to conspiracy charges, U.S. Attorney Paul M. Gagnon said.Prosecutors said the eight who pleaded guilty are cooperating with the investigation.
FEATURES
By Kevin Rector, The Baltimore Sun | October 3, 2014
The Gay, Lesbian, Bisexual and Transgender Community Center of Baltimore on Friday named Joel Tinsley-Hall as its new executive director, effective immediately. The decision comes amid tensions between the community and the center, and after a community-led interview of Tinsley-Hall last month became contentious at times. Tinsley-Hall, 39, is an 8-year Army veteran and a former supervisor of the University of Maryland's Harbor City Unlimited residential rehabilitation program for patients with mental illness.
NEWS
By Alison Knezevich and The Baltimore Sun | October 1, 2014
Baltimore County Executive Kevin Kamenetz has endorsed District 2 Councilwoman Vicki Almond in the November general election - after backing her Democratic primary opponent earlier this year. It's known in political circles that Almond and Kamenetz don't always agree, and that became clear when Kamenetz endorsed Almond's opponent, Jon Herbst, in the June primary. In a press release this week, Kamenetz announced support for Almond as well as others in the northwestern part of the county: Sen. Bobby Zirkin, Dels.
NEWS
By Matthew Wellington and Robert S. Lawrence | October 1, 2014
Science tells us that the overuse of antibiotics is leading to "super bugs," bacteria that are increasingly difficult if not impossible to kill with antibiotics. The biggest users — and arguably abusers — of antibiotics are large-scale industrial farms. More than 70 percent of antibiotics are used on livestock and poultry, and at many facilities, antibiotics are fed to animals that aren't sick. This enables the animals to grow faster and lets them stay healthy despite cramped, confined quarters where bacteria abound.
NEWS
By Janine DiPaula Stevens | September 30, 2014
We at Network 2000 are giving careful consideration to which candidate for governor is willing to make a sincere and honest commitment to the women of the state of Maryland. Recognizing that the next administration will have the opportunity and responsibility of appointing approximately 1,000 of Maryland's citizens to positions of authority, Network 2000 feels it is important for women in Maryland to have an equal opportunity and role as appointees. We, as an organization, raised our voice to challenge each of the candidates for governor to commit to having 50 percent of their gubernatorial appointments to commissions, committees, task forces, advisory boards and intrastate agencies be women.
BUSINESS
By Lorraine Mirabella and The Baltimore Sun | September 30, 2014
A former Macy's and I Magnin executive will step in as brand president of Jos. A. Bank Clothiers, part of the Hampstead-based Bank's integration into parent company Men's Wearhouse. Bank's new president, Paul Fitzpatrick, most recently served as president and chief operating officer of ESP Group Ltd., a designer of underwear, sleepwear and lounge wear. In another executive team change, former Jos. Bank executive Jim Thorne will become executive vice president of direct sourcing, overseeing Men's Wearhouse's overall product development, manufacturing and sourcing, the Houston-based men's apparel chain said Tuesday.
NEWS
By Frederick N. Rasmussen and The Baltimore Sun | September 29, 2014
Russell R. Jones, former general manager of Bethlehem Steel Corp.'s Sparrows Point plant, died Wednesday of heart failure at Gilchrist Hospice Care in Towson. He was 90. The son of restaurant owners Russell Wehr Jones and Noelie Delores Richard Jones, Russell Richard Jones was born and raised in Lehighton, Pa., where he graduated in 1941 from high school. His college studies at Lehigh University were interrupted when he enlisted in the Army Air Forces, where he was trained as a bomber pilot and later trained B-29 pilots.
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.
BUSINESS
By BILL ATKINSON | July 8, 2005
AS THE SUN glinted over the Miles River at 8:30 a.m. in St. Michaels, Tom Katana led 38 insurance executives in stretching, bending, making small circles with their outstretched arms and moving about. Then this group - accountants, portfolio managers, sales managers - split into teams and boarded six sailboats worth about $3 million. Few of them had ever sailed before. Failure, he had told them, "is an option" - if they don't work together. His philosophy, as he explained later: "Overwhelm them.
NEWS
September 24, 2014
For most of Maryland, David R. Craig might be remembered best as the candidate for governor who finished second to Larry Hogan in the Republican primary earlier this year. But there's another title the outgoing Harford County Executive ought to have wrapped up - the elected official least interested in a pay raise. On Tuesday, Mr. Craig vetoed legislation that would have raised the county executive salary from the current $105,000 (a $90,000 base plus cost-of-living adjustments) to $130,000.
NEWS
By Frederick N. Rasmussen and The Baltimore Sun | September 23, 2014
Brian K. "Kim" Webb, a semi-retired insurance executive who was a lifelong supporter of McDonogh School, died Tuesday at Wayne Memorial Hospital in Goldsboro, N.C., of cancer. He was 77. The son of Charles Edward Webb, a Revere Copper & Brass Co. purchasing agent, and Mary Agnes Roche Webb, a Chesapeake & Potomac Telephone Co. operator, Brian Kimbal Webb was born in Baltimore and raised in Hamilton. He was a 1956 graduate of McDonogh School and attended the University of Maryland, College Park.
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