February 1, 2014
New Jersey's powers that be appear determined to promote the Delaware River Port Authority's chief financial officer to the agency's top job. Would that prove they don't give a flying five-dollar toll about the bridge and rail agency's rich history of fiscal recklessness? No, but only because that was settled when they made longtime chief executive John Matheussen a judge. Matheussen's breakneck ascension to the judiciary amid a federal investigation of his agency was a stark signal that Gov. Christie, state Senate President Stephen Sweeney, and their minions at the DRPA couldn't care less about the half-billion dollars the agency wasted on pet projects even as it raised tolls and fares and forgot to pay the guys who fix the escalators.
January 26, 2014 |
Anthony P. DiSilvestro will succeed B. Craig Owens as chief financial officer of Campbell Soup Co. in May, the Camden company said Friday. Owens, 59, who has been Campbell's CFO and chief administrative officer since 2008, plans to retire May 1. DiSilvestro, 55, has been a financial executive at Campbell since 1996, most recently as senior vice president of finance. He is also the top financial officer for Campbell North America, the company's largest division. In addition to soup, Campbell manufactures and sells Pepperidge Farm breads, cookies and crackers; V8 and Bolthouse Farm juices, and Plum Organics baby foods.
January 19, 2014 |
Top Amtrak officials collect salaries of $200,000 or more, according to records made public in response to Freedom of Information Act requests by The Inquirer. Amtrak, the taxpayer-subsidized national railroad, routinely refuses to divulge officials' salaries when it announces their hiring. Amtrak received about $1.3 billion in public money last year, including about $400 million for operating costs. These are the salaries of some officials hired in recent months, Amtrak disclosed in response to the newspaper's freedom-of-information requests: Gerald Sokol Jr., chief financial officer, $300,000.
January 17, 2014 |
John Hanson, the chief financial officer of the Delaware River Port Authority, was named Wednesday as interim chief executive of the DRPA to replace John Matheussen, who has been appointed a state Superior Court judge by Gov. Christie. Hanson also appears to have the inside track to get the job permanently, although DRPA board members said they would conduct a nationwide search. Hanson, 53, a certified public accountant from Cherry Hill, is a former DRPA board member and a former chairman of the Camden County Republican Party.
January 11, 2014 |
Erez Vigodman will succeed Jeremy Levin as the chief executive officer of Teva Pharmaceutical Industries Ltd. After reports of the move last week in Israel, where Teva is based, the drugmaker made the announcement Thursday morning before the stock market opened there. Teva hopes to somehow calm citizens and employees at home, while also satisfying Wall Street analysts concerned that disagreement at the top of the company would further delay planned changes meant to boost profits and share price.
December 7, 2013 |
The painful financial restructuring underway in the Archdiocese of Philadelphia made substantial progress in the year ended June 30, a report released Thursday showed. The central financial office of the archdiocese lost $4.9 million in fiscal 2013, down from $17.6 million the year before, not counting unusual income and expenses in both years. Including those unusual or one-time items, such as $11.9 million in legal and professional expenses in fiscal 2012 and $10.3 million from the sale of real estate in 2013, the improvement in results for the Office for Financial Services, was even more dramatic.
November 25, 2013 |
By most calculations, Toni Pergolin was completely nuts. Why would she leave a secure - and lucrative - job as a chief financial officer at Pennsylvania Hospital to move to a storied nonprofit in Haddonfield that was barely afloat? Then, in August 2004, when she got there, it was even worse. More than 1,500 autistic, developmentally delayed, brain-injured clients, some of whom had lived in Bancroft Neurohealth group homes for most of their lives, were counting on her for a miracle.
November 3, 2013 |
KEVIN G. CLARK, who has been a senior adviser to Temple president Neil D. Theobald for the past year, was named vice president and director of athletics at the university, the school announced yesterday. Clark had been interim AD since May 3. He succeeds the retired Bill Bradshaw. Before arriving at Temple, Clark was senior associate athletic director at Indiana, where Theobald had been the chief financial officer. He served 11 years on Indiana's senior athletic staff. He was also in athletic adminstration at Saint Louis University from 1996 to 2001, and worked at the NCAA before that.
July 30, 2013
Marketing Systems Group , a Horsham provider of products, information, and services to the survey research community, has hired Trent D. Buskirk as vice president of statistics and methodology. He had been research director, advanced methods, at Nielsen Co. Diego Rincón has been hired by Philadelphia International Airport as deputy director of aviation, capital development. He had been assistant director of aviation for the City of Dallas at Dallas Love Field and director of development for the modernization of Chattrapati Shivaji International Airport in Mumbai.
July 26, 2013 |
As the Philadelphia School Reform Commission considers closing a charter school in Germantown, a School District auditor said Wednesday the school had been operating at a loss in each of the last four years. At a hearing on whether Imani Education Charter School should have its charter renewed, Mayer Krain said the district was especially troubled because the size of the school's losses had been increasing. He said Imani's annual financial statements showed the school's net assets went from $442,976 in 2009 to a deficit of $767,188 for the fiscal year that ended June 30, 2012.