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BUSINESS
July 13, 2016 | By Bob Fernandez, Staff Writer
In a sign of deepening turmoil, Hershey Trust board member Joan E. Steel resigned her position at the troubled $12.3 billion charity for impoverished children as the giant charity faces its latest investigation by the Pennsylvania Office of Attorney General. The office has set a July 31 deadline for the trust to comply with its demands for reforms, which include the removal of three long-standing board members and other governance changes. Steel, who lives in the Chicago area, was not one of the three board members the attorney general has been seeking to remove.
NEWS
July 8, 2016 | By Vibha Kannan, Staff Writer
Donald E. Procknow, 93, of Doylestown, former vice chairman of AT&T Technologies, died Friday, July 1, of respiratory failure at his home in Doylestown. Born and raised in Madison, S.D., Mr. Procknow briefly attended the South Dakota School of Mines and Technology before enlisting in the Navy in 1943. He served as an engineering officer aboard a warship in the Pacific Theater until the end of World War II. After graduating from the University of Wisconsin in 1947, Mr. Procknow joined the Western Electric Co., where he met his wife, Esther.
BUSINESS
July 1, 2016 | By Jane M. Von Bergen, Staff Writer
No roasting marshmallows around the fire for the girls at Camp MAGIC Wednesday. No tie-dyeing T-shirts, or weaving plastic strands into lanyards, or knotting pink rubber bands into friendship bracelets. Instead, the 18 girls, in grades 7 through 12, used a drill press, saber saws, a spindle sander, and a high-powered nail gun to build their own toolboxes, and, perhaps, a career in construction. That would be the goal of Camp MAGIC, which stands for Mentoring a Girl in Construction.
NEWS
June 25, 2016 | By Angela Couloumbis, HARRISBURG BUREAU
HARRISBURG - For now, at least, the Pennsylvania House and Senate are agreeing to disagree on the best way to deal with the skyrocketing cost of public employee pensions. The Senate on Thursday rejected the pension proposal approved this month by the House. One prominent Republican said the chambers will form a joint committee to craft a stronger bill. "We want to get it done and we want to get it right," said Senate Majority Leader Jake Corman (R., Centre), later adding: "It's by far the number one problem facing the commonwealth . . . and we are not giving up on it. " Late last year, the Senate approved a bill to change retirement benefits for future state and public school employees, calling for them to receive both a less generous version of the traditional retirement benefit for current employees as well as a 401(k)
NEWS
June 25, 2016 | By Tom Avril, Staff Writer
Scott Shapiro treats patients with clogged arteries, heart failure, and other classic cardiovascular diseases that strike millions of adults. Yet over the next year, the cardiologist says, he will spend dozens of hours cramming to learn intricate details about other conditions that he does not treat in his Abington practice, such as rare congenital heart defects. He and other leaders of the Pennsylvania Medical Society are part of heated national debate over how to ensure that physicians maintain their skills.
NEWS
June 25, 2016 | By Claudia Vargas, Staff Writer
The Philadelphia Board of Pensions is looking at the possibility of enticing more than 30,000 retirees to switch to a less lucrative and less costly benefits plan. A conversion plan is the latest idea to surface from the Controller's Office and Pensions Board as a way to address the pension crisis facing the city. Of its $10.8 billion liability, the city has only $4.9 billion in the bank, making Philadelphia's one of the worst-funded public pension plans in the country. Officials have said that the city's oldest pension program, known as Plan 67, is too costly and one of the reasons the program is in such dire shape.
NEWS
June 21, 2016 | By Bob Fernandez, Staff Writer
The directors of the Hershey School oversee an educational facility in central Pennsylvania for impoverished children, but you might not know it from their expense reports. Eight directors ran up an $18,000 tab for a weekend board meeting last June at New York's Waldorf-Astoria hotel, according to internal records obtained by the Inquirer. All 10 spent $362,000 in travel, meals and hotels over the last 21/2 years, including at least 60 limousine rides, often from the Philadelphia and Baltimore airports.
NEWS
June 11, 2016 | By Kathy Boccella, Staff Writer
The Bristol Township school board, in a two-year contract deadlock with its teachers, is now deadlocked itself over a fact-finder's report on how to end the labor dispute. The board voted, 4-4, Wednesday night on the Pennsylvania Labor Relations Board report, made public Thursday. A ninth school director, Gerald Bachman, did not attend the meeting. Last week, the Bristol Township Education Association's 463 members "overwhelmingly" approved the Labor Relations Board's findings, said Greg Moll, a negotiator for the Pennsylvania State Education Association who is working with Bristol.
NEWS
May 13, 2016 | By Jacob Adelman, STAFF WRITER
Philadelphia's zoning board postponed a vote on developer Bart Blatstein's plan for an apartment and retail complex at Broad Street and Washington Avenue Wednesday after two of the body's five members were absent from the day's scheduled meeting. The Zoning Board of Adjustment had been expected to vote on the proposal at the hearing, two weeks after members heard testimony on the project and delayed their decision pending further discussion among themselves. But with board chairman Jim Moylan and another member absent from the hearing, vice-chair Carol Tinari announced that votes on such "delayed" business would be held next week so the two can be in attendance.
SPORTS
May 12, 2016 | By John Smallwood, Daily News Columnist
I REMAIN in the camp of believing Dario Saric will play for the Sixers this coming season when he signs a contract to do so. I still believe the estimated $10 million more in guaranteed money Saric can negotiate into his first contract with the Sixers if he plays in Europe one more season makes too much financial sense to not guide his decision. However, it is good to see that Sixers president of basketball operations Bryan Colangelo will aggressively pursue Saric, the 6-10 forward acquired in a trade during the 2014 NBA draft, and see whether he is truly committed to becoming a Sixer now. "We think this is good timing for (Saric)
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