April 26, 1998 |
Time has run out on Aramark Corp.'s controversial plan to convert itself into one of the nation's biggest companies wholly owned by its bosses and workers. Officials of the Philadelphia multinational were mum last week on the prospects for resuscitating the plan, which was struck down by a Delaware judge in February. Aramark initially appealed. But in papers filed with the Securities and Exchange Commission earlier this month, Aramark acknowledged it has abandoned the plan "in its current form," and dropped its legal proceedings.
August 9, 2006 |
A $6.3 billion bid to put Aramark Corp., one of Philadelphia's biggest companies, in the hands of private investors led by chairman Joseph Neubauer has been approved by the company's directors. Aramark, which got its start in 1936 as a seller of peanuts, is now known for selling food in venues such as Citizens Bank Park and Lincoln Financial Field, and for operating hotels and restaurants in national parks. This marks the second time that the company, led by Neubauer since 1983, has moved to take itself off the stock market.
May 11, 2012 |
IN THE REGION Insider trading charged The U.S. Attorney in Philadelphia charged Timothy McGee, of Philadelphia, with insider trading, saying that McGee learned of the pending acquisition of Bala Cynwyd insurer Philadelphia Consolidated Holding Corp. by Tokio Marine from a Philadelphia Consolidated executive McGee knew through Alcoholics Anonymous. The two-count indictment of McGee, 48, alleges that he made $292,000 from illegal trades. The indictment also alleges that McGee tipped a friend to the pending sale of Philadelphia Consolidated.
April 12, 1993 |
"Hey, I'm gonna go hang out with Gracie," exclaimed Joseph Neubauer as he broke away from an entourage of ARA Services Inc. executives to dart behind a food-service counter in an ARA-run cafeteria. Grace Bland, beef carver and rotisserie operator, giggled indulgently, scolded ARA's chief executive officer for getting in her way, and then posed with him for a photo. This particular byplay, on a tour of an ARA-managed corporate cafeteria, may have been just staged-for-the-media foolishness.
October 29, 2003 |
William Leonard, 55, was named chief executive yesterday of Aramark Corp., the Philadelphia-based global food and facilities-management firm where he has worked for 21 years. When he takes over in January, he will become only the fourth CEO in the company's 44 years, succeeding Joseph Neubauer, 62, who has held the office since 1984. There will not be a lot of changes, Leonard said. "Joe and I think alike at work. . . . After work, we're as different as night and day. . . . He's symphony and opera.
July 19, 1999 |
Compensation in the most recent fiscal year for which data are available of selected corporate officers at Philadelphia-area companies required to report this information to the SEC. Total includes salary, bonus, restricted stock awards, incentive plan payouts and, for executives marked with an asterisk, profits from options granted in previous years. The key to the position abbreviations is on the next page. NAME TITLE TOTAL A.C. Moore Arts & Crafts, Blackwood, Retail Jack Parker CEO 300,000 Rex Rambo COO 300,000 Patricia A. Parker EVP 215,000 Leslie H. Gordon CFO 207,000 William Kaplan Ch 150,000 Acrodyne Communications, Blue Bell, Communications equipment A. Robert Mancuso CEO 150,000 Daniel D. Traynor GM 126,500 Timothy P. Hulick VP 113,000 Advanta, Spring House, Financial services Dennis Alter CEO 10,293,590 Olaf Olafsson P 7,446,171 William A. Rosoff VCh 6,842,081 Philip M. Browne CFO 1,959,704 Charles H. Podowski CEO/S 722,072 Airgas, Radnor, Distribution Herman Knieling GP 939,019 Peter McCausland CEO 550,000 William A. Rice Jr. COO 285,356 Ted R. Schulte VP 273,390 Samuel H. Goldstein CIO 225,000 Air Products & Chemicals, Allentown, Chemicals Harold A. Wagner CEO 4,301,191 Joseph J. Kaminski EVP 1,908,765 John P. Jones 3d COO 1,678,040 James H. Agger GC 1,588,988 Robert E. Gadomski EVP 1,514,937 Alliance...
June 2, 1988 |
AN OLYMPIAN TASK lies ahead for ARA Services Inc. Joseph Neubauer (left), ARA chairman, and B.I. Kim, director of business for the Seoul Olympic Organizing Committee, signed a contract yesterday under which ARA will provide food service for the athletes at this summer's Olympic Games.
May 4, 2012 |
About 50 members of the Communications Workers of America protested in Rittenhouse Square on Thursday over stalled contract talks with Verizon Communications Inc. The current contract expired last August. The hour-long protest at noon by the union's Local 13000 was timed to coincide with Verizon's annual meeting in Huntsville, Ala., and the local Verizon workers targeted the home of Joseph Neubauer, a Verizon director. "Progress toward a new contract can only be achieved in engagement at the bargaining table, not union rallies," said Verizon spokesman Lee Gierczynski.
May 14, 2013
By Jun-Youb "JY" Lee A recent gala headlined by John Legend celebrated the University of Pennsylvania's exceeding its $3.5 billion fund-raising goal by $800 million. But only blocks away, University City High School students quietly emptied their lockers following the Philadelphia School Reform Commission decision to close their school and 22 others to cover a $300 million budget deficit. It's ironic that a university can raise $4.3 billion during its five-year campaign, yet an entire city can't raise $300 million for its schoolchildren.
May 6, 2013 |
The past has come back to haunt us at the Barnes Foundation, big time. It returned this weekend in the form of a monumental mural by painter and sculptor Ellsworth Kelly called Sculpture for a Large Wall . Kelly created the mural in 1956-57 as a commission for the former Philadelphia Transportation Building at 17th and Market Streets. It's a landmark work of art, the first abstract sculpture in Philadelphia and a piece that looks as fresh and lively today as it did when it was installed in the building's lobby 56 years ago. The sculpture left Philadelphia in 1998 under circumstances that shocked the city's cultural community.