May 14, 2012 |
London, ho! Two Philadelphia-based companies will be seeking gold-medal performances at the Summer Olympics: food vendor Aramark and media giant Comcast Corp., whose NBC Sports division holds the U.S. broadcast rights. Officials from both companies spoke last week about the Games, scheduled for July 27 through Aug. 12, at a meeting hosted by the British American Business Council of Greater Philadelphia at the Cira Centre. It kicked off the fanfare for the global event, which Nick McInnes, a deputy consul-general with the British Consulate, said could generate $35 billion in economic activity.
May 11, 2012 |
IN THE REGION Insider trading charged The U.S. Attorney in Philadelphia charged Timothy McGee, of Philadelphia, with insider trading, saying that McGee learned of the pending acquisition of Bala Cynwyd insurer Philadelphia Consolidated Holding Corp. by Tokio Marine from a Philadelphia Consolidated executive McGee knew through Alcoholics Anonymous. The two-count indictment of McGee, 48, alleges that he made $292,000 from illegal trades. The indictment also alleges that McGee tipped a friend to the pending sale of Philadelphia Consolidated.
May 10, 2012 |
Joseph Neubauer, best known as benefactor to some of the region's top cultural organizations, stepped down Tuesday as chief executive of Aramark Corp. after 29 years as its leader. Aramark, one of Philadelphia's largest companies, with a global workforce of 250,000, has hired Eric J. Foss, 53, a former PepsiCo Inc. executive, to succeed Neubauer as president and chief executive. The move marks the end of an era for the food-services and facilities-management company, which has known just five chief executives since 1936.
May 9, 2012 |
Aramark Corp., one of Philadelphia's largest companies, has hired a former PepsiCo executive to succeed longtime chief executive Joseph Neubauer. Eric J. Foss joined the privately held food-services and facilities-management giant as its new president and CEO Tuesday. Foss, 53, retired as CEO of Pepsi Beverages Co., a $20 billion division of the soft-drink maker, on Dec. 9. That makes the CEO succession at Aramark something of Pepsi generation phenomenon. The 70-year-old Neubauer had held several senior positions at PepsiCo in the 1970s, including the head of its Wilson Sports Goods division before joining what was then called ARA Services at its chief financial officer in 1979.
February 24, 2012 |
The Roman Catholic Archdiocese of Philadelphia has named Timothy O'Shaughnessy as its chief financial officer to succeed Anita Guzzardi, who resigned last year amid allegations she had embezzled more than $900,000. O'Shaughnessy, 48, has been chief financial officer of St. Joseph's Preparatory School since 2008, and previously was a senior vice president at Aramark Corp., where he was controller for its business, sports, and entertainment group. Archbishop Charles J. Chaput said that O'Shaughnessy, a certified public accountant, had the skills "to create the controls and procedures to protect against loss" and to work in a "mission-driven organization" such as the archdiocese.
November 2, 2011 |
BEHIND THE SCENES Officiant Rev. Bryant Heisinger, www.themarriageman.com Venue Citizens Bank Park, Philadelphia Catering Aramark at Citizen's Bank Park Photogaphy Joseph Richard Photo, Cochranville, Pa. Videography Gabe Olmo, Deptford Music Eddie Tully, Philadelphia...
October 4, 2011 |
Corporations that mine Twitter, Facebook, YouTube , and other social-media posts to learn what we are thinking on most any topic are also trolling for guidance on the Occupy Wall Street (OSW) protests, which have resulted in hundreds of arrests in New York and are spreading to Boston, San Francisco, and Philadelphia. Here's how it looks to one data miner, a veteran Philadelphia IT guy, who spoke on condition that he not be named because he wasn't authorized to discuss it: "We've been watching it for three weeks.
September 24, 2011 |
Just months after retiring from her administrative job at the University of Pennsylvania's Student Financial Services in 2000, Edna Jones was frustrated. Her skills and experience were being wasted sitting at home. It was then that Jones enrolled in the federal Senior Community Service Employment Program through the National Caucus and Center on Black Aged, a program that provides subsidized training and career assistance to the 55-and-older community, and received clerical training.
September 20, 2011 |
Employers who legally import 66,000 low-wage foreign workers each year for some of the nation's dreariest jobs - work they say Americans won't do - are mounting a last-minute drive to keep their employees' pay from going up. In a letter to U.S. Labor Secretary Hilda Solis , 48 members of Congress, including Sen. Barbara Mikulski (D., Md.) , Rep. Lou Barletta (R., Pa.) , and Rep. Pat Meehan (R., Pa.) say business owners should be able to continue importing cheap, foreign labor at current wages.
August 30, 2011 |
Hurricane Irene survivors weren't the only ones thinking about a good cup of coffee Monday. So was Aramark Corp. Philadelphia-based Aramark is buying the Filterfresh office-coffee business of Green Mountain Coffee Roasters Inc. , of Waterbury, Vt., for about $145 million in cash. Technically, what Aramark is buying is called Van Houtte USA Holdings Inc. , based in Westwood, Mass. Aramark has long had a coffee business through its Aramark Refreshment Services L.L.C.