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NEWS
December 13, 2011 | By Greg Giroux, Bloomberg News
President Obama, who has been characterized as antibusiness by his political opponents, has received more in campaign contributions from business executives this year than any Republican presidential candidate. Obama raised $5.6 million from executives, or about a third of all their donations through Sept. 30, according to data compiled by Bloomberg News. Republican candidate Mitt Romney raised $5.2 million, far outpacing his primary challengers. Former House Speaker Newt Gingrich, the front-runner in the latest national polls, raised about $272,000, or 5 percent of Romney's total.
NEWS
October 10, 2013
The Securities and Exchange Commission recently proposed a potentially transformative new rule that would require publicly traded companies to compare chief executive compensation with median employee pay. Though the rule was called for in 2010, when Congress passed the Dodd-Frank Consumer Protection and Wall Street Reform Act, corporate lobbyists succeeded in slowing it down until last month, when a divided SEC voted 5-3 for the rule and opened a...
BUSINESS
June 8, 2015 | By Michael Matza, Inquirer Staff Writer
HAVANA - Palm fronds shade Margarita Alvarez's magnificent mansion, a classic beauty, but showing its age. Built in 1901, it has 18-foot ceilings, foot-wide crown moldings, marble floors, and columns of veined marble. A portrait of a previous owner, a Cuban secretary of state from the 1920s, hangs in the parlor. Out back are the two rooms that Alvarez rents in her bed-and-breakfast, casa particular . The house, three blocks from the iconic Hotel Nacional, is desirable in many ways.
NEWS
November 21, 2011 | By David Sell, INQUIRER STAFF WRITER
Three former executives of medical-device manufacturer Synthes Inc. were sentenced to prison Monday. A fourth might have been if his attorney hadn't collapsed while standing at a lectern moments after saying that Synthes' unindicted board chairman was the ultimate authority and responsible for the illegal, sometimes fatal bone-cement trial at the crux of the proceedings. Michael Huggins, 54, of West Chester, former president of Synthes USA, was sentenced to nine months in prison and taken into custody immediately.
BUSINESS
March 9, 2012 | By Andrew Maykuth, Inquirer Staff Writer
Sen. Bob Casey, who has publicly demanded that Sunoco Inc. account for its decision to get out of refining, appears to have mended fences with the Philadelphia oil company. The Pennsylvania Democrat met with Sunoco's new chief executive, Brian P. MacDonald, on Thursday at his Harrisburg office, and both parties made conciliatory statements afterward. "I think it's important that we look forward now," Casey said in a telephone interview. "Having this discussion today was, for me, just speaking for myself, very helpful.
BUSINESS
October 28, 2012 | By Harold Brubaker, Inquirer Staff Writer
Three executives from Virtua, the expanding health system in South Jersey, were among the Philadelphia region's 10 highest-paid hospital and health-system executives in 2010, based on salary and incentives, an Inquirer analysis of pay for 460 executives at nine area health systems and 13 independents found. Virtua broke into a group typically dominated by the region's larger systems and medical centers, such as Jefferson Health, the University of Pennsylvania, and Children's Hospital of Philadelphia, thanks to incentives that in two of the three cases dwarfed base pay. The overall biggest payday, excluding amounts reported in previous years, went to Robert V. Stanek, who collected $6.94 million, much of it in retirement benefits, at the end of a long career at Catholic Health East, The Inquirer's analysis found.
SPORTS
December 9, 2012
College or pro? Offense or defense? An up-and-coming assistant or a been-there-done-that guy with a Super Bowl ring? Those are the questions facing Eagles owner Jeff Lurie and general manager Howie Roseman as they consider potential replacements for coach Andy Reid, who is expected to be dismissed later this month as soon as this season comes to a merciful end. I spoke with two NFL front-office executives this week who have been involved with previous...
NEWS
August 10, 2016 | By Lauren Feiner, Staff Writer
While some teens are soaking up their last weeks of summer at camp or on vacation, 14-year-old Samantha DeMartino spent Monday visiting corporate America. DeMartino, of Robbinsville, N.J., was among 50 high school and college-age young women participating in "Discovery Days," the latest project for University of Pennsylvania alumna Katlyn Grasso to connect girls with successful female role models. The idea, Grasso said, is to "bring the online world offline. " "Girls needed role models and they also needed experiential learning opportunities.
NEWS
May 5, 2012 | By Andrew Maykuth, Inquirer Staff Writer
Lynn L. Elsenhans, the former Sunoco Inc. chief executive, stands to bank $37.4 million for dramatically transforming the Philadelphia oil company that is being sold to a Texas pipeline firm. Elsenhans will receive a severance benefit of $6 million, according to papers filed Thursday - her last day as chairwoman - with the Securities and Exchange Commission. And, she will receive an additional $17.1 million if the $5.3 billion merger that was announced Monday with Energy Transfer Partners L.P. is consummated.
NEWS
April 11, 2016 | By Chris Brennan, Staff Writer
The failed sale of the Philadelphia Gas Works was pitched as a very good deal - for the city's budget, PGW's employees, and the utility's ratepayers. Kept secret was that one group was certain to benefit, sale or no sale. Eight top PGW executives, headed by CEO Craig White, were guaranteed bonuses regardless of the sale's outcome so long as they "actively supported the sale process," according to the bonus plan. They were in line for significantly higher bonuses if the sale went through.
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NEWS
September 8, 2016 | By Kristin E. Holmes, STAFF WRITER
David G. Nation, 63, of Chestnut Hill, retired senior vice president of corporate affairs and general counsel of Bentley Systems Inc., an infrastructure software company in Exton, died of brain cancer Sunday, Aug. 28, at home. Mr. Nation joined Bentley in 1995, when the Chester County company was a firm of less than 100 employees that made software for engineers who design and construct roadways, water systems, and airports. Over the next 20 years, he negotiated dozens of acquisitions that transformed the firm into an international business with 3,200 employees in 55 countries.
NEWS
August 30, 2016 | By Bonnie L. Cook, Staff Writer
G. William Tunnell, 97, of Springfield, Delaware County, a retired division vice president for RCA Corp., died Aug. 21 of pneumonia at Bryn Mawr Hospital. Mr. Tunnell lived in Springfield until 2005, when he moved to Dunwoody Village in Newtown Square. He was born in West Philadelphia to J. Vaughan and Esther Tunnell (pronounced tun-NEL ). Early in life, he developed an interest in ham radio. At age 12, he and a cousin built a galena crystal receiver, a type of radio.
NEWS
August 29, 2016 | By Bonnie L. Cook, Staff Writer
George L. Bernstein, 84, formerly of Elkins Park, a business executive who led the expansion of the Philadelphia accounting firm Laventhol & Horwath in the 1980s, died Sunday, Aug. 21, of congestive heart failure at Rydal Park. Mr. Bernstein lived in Elkins Park and Center City before moving to Rydal Park, a retirement community in Jenkintown. Born in Philadelphia, he attended Central High School and earned degrees from the Wharton School and the Law School of the University of Pennsylvania.
NEWS
August 10, 2016 | By Lauren Feiner, Staff Writer
While some teens are soaking up their last weeks of summer at camp or on vacation, 14-year-old Samantha DeMartino spent Monday visiting corporate America. DeMartino, of Robbinsville, N.J., was among 50 high school and college-age young women participating in "Discovery Days," the latest project for University of Pennsylvania alumna Katlyn Grasso to connect girls with successful female role models. The idea, Grasso said, is to "bring the online world offline. " "Girls needed role models and they also needed experiential learning opportunities.
BUSINESS
July 26, 2016
Reinvestment Fund, a Philadelphia nonprofit rebuilding distressed towns and cities through the use of capital and information, has named Saul A. Behar to its board. He is vice president and general counsel at the University City Science Center. The City Avenue Special Services District has elected Kevin Michaels and Mark C. Reed to its board. They replace C. Kevin Gillespie and Lita Cohen. Michaels, managing partner at Cross Properties, is a major property owner in the district.
NEWS
July 23, 2016 | By Bonnie L. Cook, Staff Writer
Richard H. Groves, 86, formerly of Berwyn, a publishing company executive, died Saturday, July 16, of heart failure at Paoli Hospital. He had lived at Shannondell at Valley Forge for the last six years.Mr. Groves was born in Birmingham, Mich., and graduated from the University of Michigan with a business degree. He earned a master's in business administration from the university's Ross School of Business, graduating first in his class. Mr. Groves served in the Navy from 1952 to 1954, and after being honorably discharged, started his career in the management training program at General Electric Co. in Valley Forge.
BUSINESS
July 21, 2016 | By Bob Fernandez, Staff Writer
A major reshuffling of executives at Comcast Corp. has led to the exit of Cathy Avgiris as cable division chief financial officer and the appointment of a leader for a new Comcast Mobile unit, fueling speculation that the company will soon be launching its own wireless service. The executive changes were effective last week and announced as Comcast executives prepare 2017 budgets, a company spokeswoman said Tuesday. Greg Butz, a veteran Comcast sales executive, was just appointed head of Comcast Mobile, reporting to cable division boss Neil Smit.
NEWS
July 20, 2016 | By Bonnie L. Cook, Staff Writer
Joseph G. McCormick, 60, of Newtown Square, a managing director at the asset management firm PFM Group, and a former lobbyist for public and corporate entities, died Sunday, July 17, of complications from cancer at the Hospital of the University of Pennsylvania. Mr. McCormick had been hospitalized for six days prior to his death, which "came as a shock to his many friends and associates," business partner John White said in an email. For the last 12 years, Mr. McCormick was an executive with the PFM Group, a national financial adviser and asset manager.
NEWS
July 18, 2016 | By Bonnie L. Cook, Staff Writer
Services will be held Monday, July 18, for Kenneth Edgar Wilson Jr., 90, of Kennett Square, a retired Navy rear admiral who died Thursday, July 7, of a lung ailment at Kendal Crosslands. After graduating from the U.S. Naval Academy in 1947, Adm. Wilson launched a three-decade military career, serving principally in engineering roles aboard ship. The first was the cruiser USS Juneau (CL-119) in the Atlantic Ocean and Mediterranean Sea in the late 1940s; the second was the fast-attack submarine USS Gudgeon in the Pacific Ocean in the early 1950s.
BUSINESS
July 5, 2016
The Philly Ad Club has elected the following members to serve as the executive committee for the 2016-17 service year: Bernie Prazenica, president and general manager of WPVI-TV/6ABC in Philadelphia, is president; Jill Deardorff, president and CEO at Deardorff Associates and Deardorff Digital, is chair; Paul Muller, president of the Tri-State Toyota Dealers Association, is first vice presient; Amy Shearer, chief marketing officer at...
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