October 9, 2014 |
Gregory Rowe, 63, of Berwyn, an arts and culture visionary, whose business and fund-raising strategies helped push Philadelphia's cultural progress, died at his home Friday, Oct. 3, after a 14-month battle with cancer. Mr. Rowe's knowledge of financial management led to one of the most successful periods in the history of People's Light & Theatre Company in Malvern, where he worked as managing director from 1983-1997. During that time, the theater's operating budget tripled, capital assets quadrupled, and it developed one of the country's largest arts-education programs - all while remaining free of operating debt.
October 7, 2014 |
After more than 40 years bouncing in and out of the criminal justice system and mental-health institutions, Mae Harden was ready to strike out on her own. She and her psychiatrist sketched out a recovery plan. She set and achieved goals, becoming a certified peer specialist and earning a bachelor's degree from Chestnut Hill College. She gave up disability benefits and increased her work hours to full time, leading group therapy to help others cope with their mental illnesses. "But I still kept one secret.
September 26, 2014 |
The Union's interim manager, Jim Curtin, wanted to clear up some rumors and began Wednesday's news conference at PPL Park with a simple message: The interim tag has yet to be taken off. Curtin was responding to published reports that said it would happen. (The Inquirer reported that the sides were on the verge of a deal but that it was not completed.) This is not to suggest that Curtin won't have the tag removed, but as of Wednesday's news conference, his status had not changed.
September 24, 2014 |
Drinker Biddle & Reath L.L.P. said Monday that CEO and chairman Alfred W. Putnam Jr. will be succeeded by Andrew C. Kassner, effective Feb. 1. Kassner, who has been serving as executive partner at the firm and who has been deeply involved in its management for years, is one of Drinker's top bankruptcy and restructuring partners. "Andy was the natural choice," said Putnam. "He has been our executive partner, with extensive management responsibilities, for almost a decade, and our partners see him as an effective leader with the experience and expertise to guide the firm going forward.
September 23, 2014 |
International Housekeepers Week, celebrated worldwide in the hotel industry last week, resonates personally with Robert Allen, general manager of the Philadelphia Marriott Downtown. "My dad passed away when we were young," Allen said. "My mom needed to get a job, and she was a housekeeper in a hotel. You look and you see her come home after taking a bus, getting home at 7 p.m., and having to help me with homework. Cook a meal. Clean. "We can never do enough for these people," he said.
September 19, 2014 |
An investigation into an unsuccessful investment by the Pennsylvania State Employees' Retirement System (SERS) has "found no evidence of illegality" by Anthony Clark, the system's former chief investment officer, who persuaded the system to pump $250 million into Tiger Management Advisors as the first step in a planned hedge fund strategy. "Whether Clark intentionally misled the board by seeking to conceal Tiger's poor performance is open to question," the investigator, former acting state attorney general Walter Cohen, added in his two-page note to the board summarizing his findings.
September 18, 2014
T ESS MICHAELS, 20, of University City, is a social entrepreneur and a Penn senior pursuing a dual degree in management and life sciences. The Philly native is the founder and CEO of Soceana, a startup that launched in January with tech-enabled platforms to generate social good. Q: How'd you come up with the idea for Soceana? A: I volunteered a lot in high school and saw a need for a unique approach. At Wharton, I found that the corporate space was an effective way to bridge volunteerism with philanthropy.
September 17, 2014 |
I WON'T exaggerate and claim that if the Union beats Seattle tonight at PPL Park and captures the Lamar Hunt U.S. Open Cup, it will be as big as if it makes the playoffs and wins the MLS championship. The MLS Cup is the ultimate goal of professional soccer in the United States. It is this sport's equivalent of winning the Super Bowl, World Series, Stanley Cup or NBA Finals. In comparison, winning the Open Cup would be like winning the . . . well, there is no real equivalent in any other U.S. professional sport.
September 16, 2014 |
If you are unhappy with fees charged by active money managers, stop paying them. Low-cost index funds track the stock market, say Mitch Tuchman and Charley Ellis at ReBalance IRA. "There hasn't been a five-year period in over six decades when a 50-50 stock-and-bond portfolio has not shown a positive return," said Tuchman, of Palo Alto, Calif. "If you own markets through indexing, your portfolio always recovers in a correction. There is a way to really win at this game - by playing not to lose.
September 10, 2014 |
It's the stuff of reality television: a Battle of the Port Titans. Two prominent marine-terminal operators with big stakes in the Delaware River each want to manage and control some of the 200 acres known as Southport, at the eastern end of the Navy Yard, south of the Walt Whitman Bridge. Vying for the millions of dollars in business opportunities that could result: John Brown Jr., president of Penn Warehousing and Distribution Inc., a paper-import company that operates from Piers 38 and 40 and 78 and 80, who also runs Murphy Marine Services at the Port of Wilmington; and the Holt family, whose companies operate the Packer Avenue Marine Terminal and Gloucester Terminals L.L.C.