Executives

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.

When Steve Neibergall crosses the finish line at the Safaricom Marathon in Kenya on June 29, he will have finished more than just a 26.2-mile race. The Kenya event will be the 100th marathon the 52-year-old Annapolis resident has completed since he started running the races in 2005. He has run marathons in all 50 states; when he finishes Kenya, he will also have run on all seven continents. "I'm a very goal-oriented person," says Neibergall, president of the eastern division of Safeway.

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.

Whether they're warning constituents of impending storms or posting pictures of their kids eating ice cream, social media is a growing part of the political world, four politicians said Thursday night. "Politics is being turned on its head," said Dan Bongino, a former Republican candidate for the U.S. Senate who is now a "semi-official" candidate for Congress. Bongino - a heavy user of Twitter, Facebook, Tumblr, Vine and other social media - told a small "Tweetmasters" gathering in Annapolis that social media is a crucial way for politicians to make their voices heard to voters and constituents.

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.

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.

The confidence of area business executives slipped slightly in September, reflecting concerns about higher taxes and proposed health care reforms, according to an index compiled by the Washington/Baltimore Regional Association."

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.

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.

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.

The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based money manager in February, saw his total compensation for the fiscal year rise to $7.29 million, up from nearly $3.23 million the prior year. This includes a $425,000 salary, a $2.7 million cash bonus and $3.77 million in stock awards.

An appeals court has chosen January to hear the challenge by former Anne Arundel County Executive John R. Leopold to his convictions for criminal misconduct in office. The 70-year-old Pasadena Republican was found guilty in January of having public employees do his political and personal tasks, including draining a urinary catheter bag he used after back surgery in 2010, and he resigned from office. His sentence included a month in jail, a month of home detention and 400 hours of community service.

The weather cleared for State Sen. Barry Glassman Saturday, and as expected the Harford village of Level saw its native son announce his candidacy for Harford County Executive before an estimated 1,000 supporters. Many attendees said it was the largest and most unique political kickoff they had ever attended, with demand so high that the campaign had to stop selling tickets the week before. The Level Volunteer Fire Company was transformed into a festival venue decked out in the campaign's colors of blue and green, with Glassman's bio video shown on a huge LED screen alongside a stage with 30-foot banners.

The race to lead Maryland's most affluent county began Tuesday as state Sen. Allan H. Kittleman launched his bid to become just the second Republican to be elected Howard County executive. In an afternoon appearance at the Columbia Lakefront, Kittleman, 54, said there's still room for improvement in the Baltimore-Washington suburb lauded for its public schools and featured in national magazines as one of the country's best places to live. "Even though we are on top, it will take hard work and commitment to stay on top," Kittleman told a crowd of about 200 people at Lake Kittamaqundi.

Pfc. Bradley Manning intentionally transferred confidential and secret information while in uniform and while in a combat zone during a war ("Manning is a whistle-blower, not a traitor," June 6). He committed treason, and he is extremely fortunate that he is not facing the death penalty. J. Matthew McGlone, Towson

Dr. Martin Helrich, a pioneering anesthesiologist who had headed the department of anesthesiology at the University of Maryland School of Medicine, died Sunday of complications from heart disease at his Pikesville home. He was 91. "Martin was so devoted to his department and his profession. He molded and shaped the anesthesiology department at Maryland and made it what it is today," said Dr. Mark S. Etter, an anesthesiologist and former longtime chairman of the anesthesiology department at Abington Memorial Hospital in Abington, Pa. "Marty expanded the department and brought in a lot of high-powered people and received national recognition for his work," said Dr. Morris Roseman, a former Summit Park neighbor, who retired from the Veteran Administration's Outtake Center in downtown Baltimore, where he had been chief psychologist.

NEW YORK -- Citicorp has granted its top executives stock options that could be worth as much as $200 million if the price of Citicorp stock doubles over the next five years.The program is unusual in that the options are worthless until the bank's stock, which now trades at about $32, reaches $50, according to a recent filing with the Securities and Exchange Commission.Most stock option plans simply require an executive to remain at a company for a set period of time before exercising them.

New York -- About six years ago, J. Michael Cook, the head of one of America's major accounting firms, found himself scanning his daughter's dorm room at Georgetown University and was struck by what he saw. Collections of business cards, files of correspondence with employers and packets of corporate profiles were everywhere.Mr. Cook comes from a generation of executives who entered their fields in the pre-feminist 1960s. His peers were male; his wife, like theirs, gave up a career to raise the kids.

Q: In your opinion what distinguishes Harford County? A: I believe the best distinction for Harford County in recent years is how we have successfully survived the recession. Our economy has been strong, we have worked to make our local government more efficient and we have maintained the vital services for our citizens. Q: Any important countywide changes or new programs Harford County residents should know about? A: Harford County has developed new programs and resources to assist citizens in starting their own businesses.

Two Republican members of the Maryland Senate will announce their plans over the next few days to leave the legislature and run for the top executive positions in their home counties. Sen. Barry Glassman plans to announce his bid for Harford County executive Saturday in Havre de Grace. Senator Allan Kittleman will kick off his campaign for Howard County executive Tuesday in Columbia. Glassman, 51, would succeed David R. Craig, who announced his candidacy for the Republican nomination for governor Monday.