NEWS
May 11, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
Whether the jury will feel sympathy for Vernon W. Hill 2d, the ousted founder of Commerce Bank, and his legal quest to wrest $17.2 million in golden parachute benefits from the bank remains to be seen. In federal court Thursday, Hill explained why he didn't fight his June 28, 2007, firing from the banking empire that he had built from one storefront in Marlton in 1973. "This was my bank," Hill said in U.S. District Judge Robert B. Kugler's Camden courtroom. "It was obvious to me that the best thing for the bank was for me to leave.
NEWS
May 10, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
From the testimony, everyone agreed that former Commerce Bank chairman, president, and chief executive Vernon Hill, ousted in the summer of 2007 from the bank he founded, deserved to receive the "golden parachute" provisions negotiated in his employment contract. Everybody, that is, except the regulators, including the federal Office of the Comptroller of the Currency and the board of governors of the Federal Reserve. The question in court now is whether officials of Commerce Bank, now TD Financial Group, tried hard enough to persuade the regulators.
NEWS
May 7, 2013 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
JOE MAHONEY liked nothing better than to chill out at his condo in Stone Harbor, N.J., where he could escape the pressures of his role as an executive of the Greater Philadelphia Chamber of Commerce. "He could relax there and do what he wanted to do," said his wife, the former Patricia McElwee. "He wasn't always able to do that here. " Joe wasn't a beach person; he didn't fish or boat. But the salubrious sea air and sun of the small beach community lent the right atmosphere for taking it easy.
NEWS
December 20, 2012
Jesse Hill Jr., 86, a civil rights leader and businessman who became the first black president of the Atlanta Chamber of Commerce, died Monday. Mr. Hill had a close relationship with the Rev. Dr. Martin Luther King Jr. and helped make sure his legacy would be remembered, according to Steve Klein, a spokesman for the King Center, where Mr. Hill served as chairman of the board of directors from 1979 to 1993. Mr. Hill was born in St. Louis. He graduated from Lincoln University in Jefferson City, Mo., with a degree in mathematics and physics, and earned a master's in actuarial science from the University of Michigan.
NEWS
December 20, 2012
ATLANTA - Jesse Hill Jr., a civil-rights leader and businessman who later became the first black president of the Atlanta Chamber of Commerce, died Monday. He was 86. Hill had a close relationship with the Rev. Dr. Martin Luther King Jr. and helped make sure his legacy would be remembered, according to Steve Klein, a spokesman for the King Center, where Hill served as chairman of the board of directors from 1979 to 1993. "He was very instrumental in developing the growth of the King Center and really a giant in Atlanta civic affairs," Klein said.
NEWS
December 15, 2012 | By Bonnie L. Cook, Inquirer Staff Writer
Steven J. Greenwood, 44, an e-commerce executive and Bruce Springsteen fan who boasted of having seen the Boss in concert almost 100 times, died Saturday, Dec. 8, of congestive heart failure at Carolinas Medical Center in Pineville, N.C. Mr. Greenwood made his home in Royersford for about a decade before moving this year to Fort Mill, S.C., for a job. He had not been feeling well recently and went into the hospital; doctors were unable to...
NEWS
August 11, 2012 | By Sally Friedman, For The Inquirer
Rolling hills. Meandering streams. Stone fences. Covered bridges. Vermont? New Hampshire? Try instead the lush Brandywine Valley of Chester County, where those who live in Philadelphia and its environs can find the perfect "staycation" destination. Before the kids can say "Are we there yet?", you're there. No airfare, no packing, no expensive hotels, just gorgeous scenery, art, spectacular night-sights, the fruit of the vine, and even mercantile sightseeing. The Brandywine Valley begs to be discovered, or rediscovered.
NEWS
June 30, 2012 | Inga Saffron
Passing the Barnes Foundation's sprawling new parking lot one recent afternoon, I was surprised to see half the spaces were empty. By evening, however, the joint was jumping, the lot was full, and many female visitors were wearing skyscraper heels, rather than the sensible flats of the serious museumgoer. That's when it hit me that the real motive for cramming the lot onto the Barnes' tiny site was to help the gallery promote itself as a party venue. The Barnes is not alone in chasing after the lucrative events business.
NEWS
June 12, 2012 | By Raquel Dillon and Greg Risling, Associated Press
SAN GABRIEL, Calif. - Medical records could determine whether U.S. Commerce Secretary John Bryson will be charged in two weekend fender-benders that led to his hospitalization after police found him slumped behind the wheel of his vehicle in the Los Angeles suburbs. Bryson suffered a seizure Saturday afternoon, Commerce Department officials said Monday, but it wasn't clear whether the medical episode preceded or followed a hit-and-run collision. Bryson, 68, was driving alone in a Lexus in San Gabriel, a community of about 40,000 northeast of Los Angeles, when he struck the rear of a vehicle that had stopped for a passing train, authorities said.
NEWS
June 2, 2012 | By Bonnie L. Cook, Inquirer Staff Writer
Albert F. Paschall Jr., 58, retired president of the Montgomery County Chamber of Commerce, died of pneumonia Monday, May 28, at Wuesthoff Medical Center in Melbourne, Fla. Mr. Paschall retired June 30, 2011, after 25 years as booster and advocate for the chamber and its member businesses. He used the writing and speaking skills he learned early on as a newspaperman to bolster his various causes. Although he told family and friends he did not want to be remembered as the man who moved the King of Prussia Inn, Mr. Paschall was the force behind that complicated project.