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NEWS
September 22, 2010
Toll Bros. has named senior vice president Martin P. Connor its chief financial officer and treasurer, replacing Joel H. Rassman who died at age 65 Sept. 14 after a lengthy illness. Connor joined Toll in 2008.    - Alan J. Heavens
NEWS
September 7, 2010
A former CFO for a Florida-based company was sentenced today to more than four years in prison for trying to manipulate the price of his company's stock. Richard Margulies, 59, of Edison, N.J., had been an officer with Advatech Inc. of West Palm Beach, a biotechnology business. The original case involved five people and a case accusing them of paying kickbacks to a North Jersey stock promoter who arranged for brokers and other individuals to buy stock and "park" their holdings to artificially inflate the prices of the thinly traded shares.
NEWS
January 17, 2008 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
Harry Yanowitz, the chief financial officer of The Pep Boys - Manny, Moe and Jack, will step down, the automotive parts store and service chain company said today. Pep Boys said Yanowitz will help find his own replacement, while finishing up work on the company's 2007 financial statements. Yanowitz plans to pursue other opportunities, the company said. Yanowitz, who is in his early 40s, has been chief financial officer since August, 2004, according to Pep Boys 2006 annual report, its most recent.
NEWS
November 21, 2012 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
MATTHEW E. Stanski, who was chief financial officer with Prince George's County, Md., schools until a payment scandal forced his removal in September, has been named the Philadelphia School District's new CFO, district sources have told the Daily News . District Superintendent William R. Hite Jr. worked with Stanski, 34, in Prince George's County after the Michigan State University graduate arrived in 2007 as director of fiscal compliance and...
NEWS
August 25, 2012 | By Joseph A. Slobodzian, INQUIRER STAFF WRITER
Anita Guzzardi's attorney described her on Friday as a gambling addict from a family of addicts, a woman whose spending binge was triggered by the emotional trauma and feelings of betrayal when the child sex-abuse scandal engulfed her church and her employer - the Archdiocese of Philadelphia. To Assistant District Attorney Lisa Caulfield, however, gambling was just one aspect of Guzzardi's crimes - she siphoned $906,000 over almost seven years, stealing 330 checks of varying amounts drawn on the church treasury.
BUSINESS
March 29, 2007 | By John Shiffman INQUIRER STAFF WRITER
The former chief financial officer of a Bucks County finance company was sentenced to 30 months in federal prison yesterday and ordered to pay $51 million in restitution. Steven Garfinkel of Philadelphia, who was CFO for the now-defunct DVI Inc., is the third person in the nation to be charged criminally under the Sarbanes-Oxley law, authorities said. That law is a post-Enron-era measure aimed at holding senior executives accountable for the accuracy of financial reports. Garfinkel, 64, pleaded guilty to directing DVI employees to falsify documents and double-list assets.
BUSINESS
April 27, 2013 | By Mike Armstrong, Inquirer Columnist
Spring is in the air. Just look at all the new chief financial officers sprouting at area companies. Nutrisystem Inc. , the Fort Washington weight-loss company, hired Michael P. Monahan , who will join as of May 22. Monahan has been CFO of PetroChoice Holdings Inc. , a distributor of petroleum-based lubricants based in Bristol. Monahan, who will replace David Clark , had previously worked at Nutrisystem as its vice president of finance from 2006 to 2009. Safeguard Scientifics Inc. was also in need of a CFO, having promoted Stephen T. Zarrilli from that role to president and chief executive officer in November.
BUSINESS
March 2, 2013 | By Mike Armstrong, Inquirer Columnist
In the business world, chief executive officers soak up all the attention, especially when change is in the air. The announcement of new CEOs for CubeSmart of Wayne and Endo Health Solutions Inc. of Malvern within the last week were significant for each company. Endo shares rose 8 percent the day it announced it had hired Rajiv De Silva from outside the drug company and investors anticipated big changes would be made. Meanwhile, CubeSmart shares slid 2 percent as the long-telegraphed transition to a successor chosen from inside its ranks seemed to signal that the self-storage company would stay the course.
BUSINESS
July 13, 1987 | By Charles V. Zehren, Inquirer Staff Writer
Last summer was the best of times for Lou Lind. Two years after founding his computer-consulting firm, he was chalking up strong sales, hiring more workers and looking toward a bright future. Meanwhile, it was the worst of times for Elmer Cox. Sixty-five years after its founding, his family's company had landed in bankruptcy court and was struggling to survive. But a common thread runs through the tales of these two small Pittsburgh companies: Both Lind and Cox picked up the phone and ordered out for a chief financial officer.
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NEWS
May 14, 2015 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
MATT STANSKI, the school district's chief financial officer since late 2012, will leave his post at the end of June, the district confirmed last night. Stanski, 37, yesterday accepted the position of supervisor for management, budget and planning for the Montgomery County Public Schools in Maryland, the district said in a statement. "I appreciate Matthew Stanski's service to the School District of Philadelphia over the last three years amid extremely challenging fiscal conditions," Superintendent William Hite said in the statement.
NEWS
February 4, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
Joseph T. Steuer, 63, of Blue Bell, chief financial officer and treasurer of the Philadelphia Zoo, died Saturday, Jan. 31, of brain cancer at home. Mr. Steuer's 14 years with the zoo were a period of growth and change. The institution added exhibits and visitor amenities, renewed its focus on the health and welfare of its animals, advanced the mission of wildlife conservation, and expanded its educational services. At the same time, Mr. Steuer delivered "record financial results," said the zoo's CEO, Vikram Dewan.
BUSINESS
September 10, 2014 | By David Sell, Inquirer Staff Writer
Teva Pharmaceutical Industries Ltd. told the 14 employees at its Kutztown warehouse last month that the facility would close as part of a previously announced cost-cutting plan. On Monday, the drugmaker's chief financial officer said there were no new plans for major cutbacks. Facing pressure from investors and financial analysts, Teva said in 2012 that it would cut $1.5 billion to $2 billion in annual costs to help boost its profits and stock price. But investors have been anxious to see the results, and a disagreement between the board of directors and then-CEO Jeremy Levin on how to implement cuts led to Levin's departure.
NEWS
June 13, 2014 | By Robert Moran, Inquirer Staff Writer
The chief financial officer of Weavers Way has resigned amid allegations that he stole more than $25,000 from the Philadelphia food cooperative, its general manager has reported. Michael McGeary resigned effective April 18 after being confronted about using a business credit card for personal expenses, said general manager Glenn Bergman. Weavers Way reported the news in its June newsletter. Members were informed of the situation at a May meeting, the newsletter said. "We have reported the theft to the Philadelphia police and are pursuing prosecution through the District Attorney's Office," Bergman wrote in the newsletter.
NEWS
October 25, 2013 | By Tricia L. Nadolny, Inquirer Staff Writer
A former executive of a Chester County gift company has been charged with embezzling more than $1.4 million from his employers and using the money for lavish purchases, including $48,000 on concert tickets and a reception with the Dave Matthews Band, the district attorney said Wednesday. Guido la Vella of Gilbertsville is accused of stealing from Taylor Gifts Inc., a direct-order company based in Tredyffrin Township, while he was the company's chief financial officer from October 2009 until May 2013.
BUSINESS
April 27, 2013 | By Mike Armstrong, Inquirer Columnist
Spring is in the air. Just look at all the new chief financial officers sprouting at area companies. Nutrisystem Inc. , the Fort Washington weight-loss company, hired Michael P. Monahan , who will join as of May 22. Monahan has been CFO of PetroChoice Holdings Inc. , a distributor of petroleum-based lubricants based in Bristol. Monahan, who will replace David Clark , had previously worked at Nutrisystem as its vice president of finance from 2006 to 2009. Safeguard Scientifics Inc. was also in need of a CFO, having promoted Stephen T. Zarrilli from that role to president and chief executive officer in November.
NEWS
April 21, 2013
THE SELF-DESCRIBED "CFO" of the Philadelphia mob has pleaded guilty to racketeering and illegal gambling rather than face a retrial. Anthony "Ant" Staino had been convicted of two loan-sharking counts at a sweeping mob trial this year. But the jury acquitted him or deadlocked on most counts. The jury also deadlocked on the central racketeering charge against reputed mob boss Joseph "Uncle Joe" Ligambi and his nephew, George Borgesi, who will be retried. Staino, 55, of Swedesboro, N.J., entered his plea late Thursday.
NEWS
April 20, 2013
Anthony "Ant" Staino, who once called himself "the CFO" of the Philadelphia mob during a conversation taped by the FBI, pleaded guilty Thursday to racketeering conspiracy and illegal gambling. His plea followed an hour-long hearing before U.S. District Judge Eduardo Robreno that seemed poised to collapse. Staino, 55, of Swedesboro, came to court without a plea agreement, and his lawyer and a prosecutor differed over which crimes he was admitting. The two sides ultimately agreed that their differences are issues to be argued and resolved at sentencing, which the judge scheduled for July 17. At a three-month trial that ended in February, Staino was convicted of two loan-sharking counts but acquitted of 24 other counts.
BUSINESS
March 2, 2013 | By Mike Armstrong, Inquirer Columnist
In the business world, chief executive officers soak up all the attention, especially when change is in the air. The announcement of new CEOs for CubeSmart of Wayne and Endo Health Solutions Inc. of Malvern within the last week were significant for each company. Endo shares rose 8 percent the day it announced it had hired Rajiv De Silva from outside the drug company and investors anticipated big changes would be made. Meanwhile, CubeSmart shares slid 2 percent as the long-telegraphed transition to a successor chosen from inside its ranks seemed to signal that the self-storage company would stay the course.
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