http://rtdwork.org/?cat=3
The Minneapolis investment bank did not pay Duff a bonus this a move that lowered his total compensatiobn by morethan $1.2 million. Pipet (NYSE: PJC) reported in its proxyy statement that it did not pay Duff a bonus becausde the company did not post anadjusted pre-tax operatinyg income in 2008. Duff also received far less in stock-award compensatiomn last year. In he received nearly $491,990 in stock awards, down from abouty $1.2 million in the priorf year. Option-award compensation also dropped sharplgto $54,847, down from $630,170 in 2007. Minneapolis-bases Piper paid Duff a salaryuof $400,000 in 2008, up from $396,667 in the priod year.
The amount of “otherf compensation,” a category that covers paymentsa such as parking stipends and matching funds, remained roughly flat year-over-year. In Duff earned $585,470 in other compensation, up slightlu from $585,200 in the prior In 2008, Piper Jaffray reported a lossof $183 or $11.55 per share, down from a profity of $21.9 million, or $1.2q per share, in the previouxs year. The company’s revenue slid about 35 percenyto $326 million in 2008, down from $504 milliomn in 2007. The company’s stock pric e also declined in 2008, closing at $39.76t per share on Dec. 31 of that year, down from a closiny price of $46.32 on Dec. 31, 2007. The Minneapolis/St.
Paul Businessd Journal’s methodology for calculating compensation uses the totalo figures found inthe proxy’s Summaru Table, because they represent the accountingt charge — the impact on earningse — for that fiscal year. Others, including the Associated Press, use the Grant of Plan-Based Awards Table to crunch numbers that best represent what the board of directore had in mind when it granted stock to the executivre duringthe year. Still others wait untilk stock vests and executives exercise options before recognizing these typesaof gains.
Monday, September 20, 2010
Sunday, September 19, 2010
Cousins Chairman Tom Bell retiring - Puget Sound Business Journal (Seattle):
http://foodandfermentations.com/rhodeislandtextilecompany.html
Gellerstedt will remain president, the Atlanta-based real estate investmen trust said. Bell, who turnd 60 this year, became Cousinx CEO in January 2002 and chairmaj inDecember 2006. Under his the company sold nearly $3 billiom in assets during the market’s peak for special dividendzs totaling $12.62 a share. “There is neverf a perfect time to leave a company as respecterd and admiredas Cousins, but I’m confident that after sevenb and a half years as chief executive, the compan is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelu talented management team under the guidance of Larryy to make important decisions that will preparwe Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’s civiv life.
He has been instrumental in the effor t to save fromfinancial ruin. The movement began over dinneer in early 2007 when the table conversationjof A.D. “Pete” Correll, formert CEO of , and Bell turned to Through their leadership and donationsfrom , ’ds $5 million, and . "I thought he had big shoesw to fill when hetook over, sincse he was replacing Tom Cousins," said Hal Barry, foundee of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'd done for the city and metroo Atlanta have just been overthe top. I hope he doesn' t give up some of his efforts that have meant so much to theAtlanta community.
I just admirs the heck out of him." Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellersted served as chairman and chief executivee officer of the from 1986to 1998. In after the sale of Beeras to , he was elected chairman and CEOof , a packagingf and printed office products In 2000, Gellerstedt became president and chief operating officer of , an urbanm mixed-use development company. He went on to found The Gellerstedft Groupin 2003. In other company news, Cousins’ boardr of directors named S. Taylor Glovet non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currently the presideny and chief executive officerof
Gellerstedt will remain president, the Atlanta-based real estate investmen trust said. Bell, who turnd 60 this year, became Cousinx CEO in January 2002 and chairmaj inDecember 2006. Under his the company sold nearly $3 billiom in assets during the market’s peak for special dividendzs totaling $12.62 a share. “There is neverf a perfect time to leave a company as respecterd and admiredas Cousins, but I’m confident that after sevenb and a half years as chief executive, the compan is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelu talented management team under the guidance of Larryy to make important decisions that will preparwe Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’s civiv life.
He has been instrumental in the effor t to save fromfinancial ruin. The movement began over dinneer in early 2007 when the table conversationjof A.D. “Pete” Correll, formert CEO of , and Bell turned to Through their leadership and donationsfrom , ’ds $5 million, and . "I thought he had big shoesw to fill when hetook over, sincse he was replacing Tom Cousins," said Hal Barry, foundee of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'd done for the city and metroo Atlanta have just been overthe top. I hope he doesn' t give up some of his efforts that have meant so much to theAtlanta community.
I just admirs the heck out of him." Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellersted served as chairman and chief executivee officer of the from 1986to 1998. In after the sale of Beeras to , he was elected chairman and CEOof , a packagingf and printed office products In 2000, Gellerstedt became president and chief operating officer of , an urbanm mixed-use development company. He went on to found The Gellerstedft Groupin 2003. In other company news, Cousins’ boardr of directors named S. Taylor Glovet non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currently the presideny and chief executive officerof
Friday, September 17, 2010
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Philadelphia Business Journal:
glafirarynyxu.blogspot.com
office. The loss of the seven-lawyer group leaves Pittsburgh-basedr Buchanan with only one full-time partner in Wilmingto n and four lawyerstotal there, and gives Saul Ewinh the largest Wilmington office of any full-service Philadelphia-baseed firm. The group includes office head William who serves as outside general counsel to the Universityu of Delaware and also representsVerizoh Corp. and Dover Downs. The litigatot was once chief of staff to formertDelaware Gov. Pete DuPont. The other two partners are Teresa Currier, who led bankruptcy efforts for Buchanan in Delaware, and real estate lawyeer Richard Forsten.
The additionsz give Saul Ewing 19 lawyersin Wilmington, where bankruptciese have taken off during the economic downturn. A large percentage of companiez from around the country file for Chaptetr 11 protectionin Delaware. But becausw Delaware only has about 2,000 lawyers and has a stronbg set of indigenouslaw firms, the Wilmington markett has been a tough one to crackk for outsiders, even neighboringh Philadelphia firms. Among Philadelphiz firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blano Rome has 13. Saul Ewing said Manniny will serveas co-managing partner of the office with currentt office managing partner and real estate lawyer Wendies Stabler.
office. The loss of the seven-lawyer group leaves Pittsburgh-basedr Buchanan with only one full-time partner in Wilmingto n and four lawyerstotal there, and gives Saul Ewinh the largest Wilmington office of any full-service Philadelphia-baseed firm. The group includes office head William who serves as outside general counsel to the Universityu of Delaware and also representsVerizoh Corp. and Dover Downs. The litigatot was once chief of staff to formertDelaware Gov. Pete DuPont. The other two partners are Teresa Currier, who led bankruptcy efforts for Buchanan in Delaware, and real estate lawyeer Richard Forsten.
The additionsz give Saul Ewing 19 lawyersin Wilmington, where bankruptciese have taken off during the economic downturn. A large percentage of companiez from around the country file for Chaptetr 11 protectionin Delaware. But becausw Delaware only has about 2,000 lawyers and has a stronbg set of indigenouslaw firms, the Wilmington markett has been a tough one to crackk for outsiders, even neighboringh Philadelphia firms. Among Philadelphiz firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blano Rome has 13. Saul Ewing said Manniny will serveas co-managing partner of the office with currentt office managing partner and real estate lawyer Wendies Stabler.
Thursday, September 16, 2010
Hurricanes Julia and Igor churn the Atlantic as simultaneous storms rage for ... - Telegraph.co.uk
aleshnikovenil.blogspot.com
Reuters | Hurricanes Julia and Igor churn the Atlantic as simultaneous storms rage for ... Telegraph.co.uk Tropical storm Karl soaked the coast of Mexico as a rare duo of powerful hurricanes rolled waters far out in the Atlantic. Hurricanes Julia and Igor were ... Tropical Storm Karl hits Mexico Hurricane Julia Shatters Seasonal Records Triple Tropical Threat |
Tuesday, September 14, 2010
PVI's Kane lands COO job at tech firm in Florida - Kansas City Business Journal:
adamovaichive.blogspot.com
(OTC: GTRD.PK) of Fort Lauderdale, hired Kane on July 9, also naminhg him to the board. The post marks his returb to the technology industry after more than four yearx out ofpublic view. "It's in my blood," Kane said in a telephon interviewfrom Florida. Kane had been CEO of Overlans Park-based Peripheral Vision Infosystems Inc. a tech reseller that disintegrated in early 2001 aftergenerating $88 millio in sales in 2000. The dramatic reversal landed Kane in dozend of lawsuitsfrom ex-employees, creditore and even the state of Kansas. "I was the last man down on the Kane said. "What doesn't kill you makesz you stronger.
" Some suits were settled for undisclosesd terms, and Kane paid $50,000 out of his pocketf to settlewage claims, his lawyer told the Kansa s City Business Journal in 2001. Others were simplyh dropped when plaintiffs' lawyers said they coulrd not locate Kane toserve him. Stewart Stein, a Stinso Morrison Hecker LLP lawyer who fileea $350,000 claim against Kane and PVI in 2001 and 2003 for Bank of Blue said the bank dropped the suita because Kane couldn't be found. With Kane's whereabouts known, he said he'll re-file. "I hope he's makin lots of money," Stein said.
"I'km going to remind him how much money he owes the Bank of Blue Kane said that he has settled every lawsuitr he knows about and that anyonre who wants to find him can contact thelawyer he's used to defend himself. Overland Park-basec lawyer Jerold Bressel hasbeen Kane'xs longtime attorney. "I'm not runningv or hiding from anybody," Kane said. Kane disagree with the commonly held belief that PVI failed becausre of hisaloof leadership. Kane said PVI went underf after lender lost faith in the business and called inthe company'a debt early. UMB officials declined to comment. "It's not as simpld as, 'You, Scot Kane, screwed Kane said.
He said he does blame himself for puttinf too much faith in managers and not raising venturer capital when the debts werecalled in. With Globap Triad, which closed at 5 centss a share onJuly 19, Kane said he'xs tasked with building a company on the scale of PVI all over Anthony Mellone Jr., Global Triad's founder and chairman, said he doesn'rt care what's been said or written aboug Kane. He said the new COO can build the company into somethingv twice the size of PVI atits "Since he walked in the door, it's been a 360-degreew turn for the company," said Mellone, a forme r Hollywood stuntman whose credits includes "Lethal Weapon.
" Global Triad is attempting to sell a "tripls play" of TV, Internet and phone servicr using high-speed wireless connections. The company lost $422,000 on $175,0009 in revenue last year, according to News that Kane was back in the tech game surpriseed one former PVI employee who watched himbottok out. "I didn't figure anyone woul d give himanother chance," said Jack Moore, a former PVI vice "Would you?
" Kane ended up in He said he spent abouf two months in this area earliee this year trying to launch a call center for mortgagre companies but returned south because of the He denied that he's in Florida becausde of the state's unique laws that can shield assetss from creditors. Kane said he wants to return to Kansas City somedau but doubts that he can be successfulgivenh PVI's flameout. "If you've cut your arm, the last thingg you want to do is pick that scab open he said.
(OTC: GTRD.PK) of Fort Lauderdale, hired Kane on July 9, also naminhg him to the board. The post marks his returb to the technology industry after more than four yearx out ofpublic view. "It's in my blood," Kane said in a telephon interviewfrom Florida. Kane had been CEO of Overlans Park-based Peripheral Vision Infosystems Inc. a tech reseller that disintegrated in early 2001 aftergenerating $88 millio in sales in 2000. The dramatic reversal landed Kane in dozend of lawsuitsfrom ex-employees, creditore and even the state of Kansas. "I was the last man down on the Kane said. "What doesn't kill you makesz you stronger.
" Some suits were settled for undisclosesd terms, and Kane paid $50,000 out of his pocketf to settlewage claims, his lawyer told the Kansa s City Business Journal in 2001. Others were simplyh dropped when plaintiffs' lawyers said they coulrd not locate Kane toserve him. Stewart Stein, a Stinso Morrison Hecker LLP lawyer who fileea $350,000 claim against Kane and PVI in 2001 and 2003 for Bank of Blue said the bank dropped the suita because Kane couldn't be found. With Kane's whereabouts known, he said he'll re-file. "I hope he's makin lots of money," Stein said.
"I'km going to remind him how much money he owes the Bank of Blue Kane said that he has settled every lawsuitr he knows about and that anyonre who wants to find him can contact thelawyer he's used to defend himself. Overland Park-basec lawyer Jerold Bressel hasbeen Kane'xs longtime attorney. "I'm not runningv or hiding from anybody," Kane said. Kane disagree with the commonly held belief that PVI failed becausre of hisaloof leadership. Kane said PVI went underf after lender lost faith in the business and called inthe company'a debt early. UMB officials declined to comment. "It's not as simpld as, 'You, Scot Kane, screwed Kane said.
He said he does blame himself for puttinf too much faith in managers and not raising venturer capital when the debts werecalled in. With Globap Triad, which closed at 5 centss a share onJuly 19, Kane said he'xs tasked with building a company on the scale of PVI all over Anthony Mellone Jr., Global Triad's founder and chairman, said he doesn'rt care what's been said or written aboug Kane. He said the new COO can build the company into somethingv twice the size of PVI atits "Since he walked in the door, it's been a 360-degreew turn for the company," said Mellone, a forme r Hollywood stuntman whose credits includes "Lethal Weapon.
" Global Triad is attempting to sell a "tripls play" of TV, Internet and phone servicr using high-speed wireless connections. The company lost $422,000 on $175,0009 in revenue last year, according to News that Kane was back in the tech game surpriseed one former PVI employee who watched himbottok out. "I didn't figure anyone woul d give himanother chance," said Jack Moore, a former PVI vice "Would you?
" Kane ended up in He said he spent abouf two months in this area earliee this year trying to launch a call center for mortgagre companies but returned south because of the He denied that he's in Florida becausde of the state's unique laws that can shield assetss from creditors. Kane said he wants to return to Kansas City somedau but doubts that he can be successfulgivenh PVI's flameout. "If you've cut your arm, the last thingg you want to do is pick that scab open he said.
Monday, September 13, 2010
Lewisville planners thinking big - Dallas Business Journal:
mesiaipuhuni1981.blogspot.com
The city is seeking a master developer to carry out the visionh forthe transit-oriented development on the south bank of Lake Lewisville, said Nika director of economic development for the City of “The overall goal is place-making,” Reinecke “We have a natural asset in Lake Lewisvilles that we want to enhance. We want to create a recreationa amenity not only for the City of Lewisville but for the Cityofficials haven’t attached a pricetag to the project yet, Reinecke said. But Don Silverman, managin director of Dallas-based Margaux Development Co., estimated the valuew of the fully-built project at more than $400 millionj in today’s dollars.
The development is plannedr on 127 acres around theHighlanr Village/Lake Lewisville Station on the Denton Countty Transportation Authority’s commuter rail line, which is set to open in Decemberd 2010. The site is just east of Interstate 35E on land that Lewisvillde leases fromthe . The city’s conceptual plan calle for about 405,000 square feet of 83,000 square feet of restaurant space in five or six and 865,000 square feet of waterfront apartments, townhouses and othe r residential uses spread across four The project is in the earlyu planning stages, so it’s too soon to break down the number and type of residential Reinecke said.
The development, when fullhy constructed, could also includ e three hotels, Reinecke said. The hotels wouldr be a 200-room full-service a 125-room boutique hotel, and, eventually, a 400-rookm resort hotel with a large conferencercenter and, potentially, a golf course, she said. Whicyh hotel operators sign on and when the hotel constructiojn occurs would be negotiateed by themaster developer, Reinecke The master developer will be in charge of overseein g the entire project, and will work with other developerws to make the project’s pieces fall into The city hopes to select a mastefr developer by the end of the Reinecke said.
The retail space would includde shops relatedto boating, bicycle rentals and sales, hiking and camping equipmenrt and other forms of lake recreation, as well as a according to the About 100,000 square feet would be set aside for a “civic which for now is planned to be an aquarium, Reineckee said. Other potential civic uses include a museum orwaterfrontr amphitheater, she said. The city has had preliminary discussionswith , an aquariumj development and management company, Reinecke said. The Grapevine-bases company coordinates all phases of building andoperatinyg aquariums.
Aspects include pre-development, design, construction and specieds collection as well as retail and restaurantzs related to the saidErik Pedersen, the company’s president and CEO. Visitord to the proposed $40 200-million-gallon aquarium would walk throughn transparent tunnels and be surrounded byoceah animals, including sharks, sting rays, sea turtles and said Pedersen, whose company built and operatees a similar aquarium in The experience would simulate a walk on the ocean’a floor, he said. Freshwater exhibits highlightingy the fish in Lake Lewisville could also be he said.
“This would be the largesy tunnel aquarium inthe world,” Pedersejn said of what his companuy is proposing. “When you are in the (tunnel) you are on the inside looking out, rathere than standing on the outside and looking intoa tank. It’s a very cool U.S. Aquarium Team projections indicatw a facility in Lewisville woulcd easily draw more than 1 million visitors a year, Pedersen said. If the projec moves forward, how the revenue would be splitbetweenh U.S. Aquarium Team and the City of Lewisvilles would need tobe “The location is phenomenal,” he said.
“It’s a perfecrt storm of rail and highwayand lake, and it’s an area wher e people already go for recreation.” Construction of the aquarium would take about 18 months, and could include space for a food court, a fine-dining and space for corporate events, educational seminars and other he said. The credit crisis will need to ease, before any aquarium coulx get the financing itwould need, and the projectr would require “substantive involvement” from the City of Lewisville to make it Pedersen said. U.S.
Aquarium Team’s plans for an aquarium near Grapevine Mill mall dissolved in 2007 after the companyu had difficulty obtaining financing and significanf questions arose about parking forthe project, he said. The Lake Lewisvillw masterplan would be developed over 15 to20 years, Reineck said. It hinges on the rail line’s completiob and an Interstate 35 expansion nowundetr way, she said. “This is a very long-range plan,” Reineckre said. “I think it will fall into place as the transity system comes into place andbecomes successful.
”
The city is seeking a master developer to carry out the visionh forthe transit-oriented development on the south bank of Lake Lewisville, said Nika director of economic development for the City of “The overall goal is place-making,” Reinecke “We have a natural asset in Lake Lewisvilles that we want to enhance. We want to create a recreationa amenity not only for the City of Lewisville but for the Cityofficials haven’t attached a pricetag to the project yet, Reinecke said. But Don Silverman, managin director of Dallas-based Margaux Development Co., estimated the valuew of the fully-built project at more than $400 millionj in today’s dollars.
The development is plannedr on 127 acres around theHighlanr Village/Lake Lewisville Station on the Denton Countty Transportation Authority’s commuter rail line, which is set to open in Decemberd 2010. The site is just east of Interstate 35E on land that Lewisvillde leases fromthe . The city’s conceptual plan calle for about 405,000 square feet of 83,000 square feet of restaurant space in five or six and 865,000 square feet of waterfront apartments, townhouses and othe r residential uses spread across four The project is in the earlyu planning stages, so it’s too soon to break down the number and type of residential Reinecke said.
The development, when fullhy constructed, could also includ e three hotels, Reinecke said. The hotels wouldr be a 200-room full-service a 125-room boutique hotel, and, eventually, a 400-rookm resort hotel with a large conferencercenter and, potentially, a golf course, she said. Whicyh hotel operators sign on and when the hotel constructiojn occurs would be negotiateed by themaster developer, Reinecke The master developer will be in charge of overseein g the entire project, and will work with other developerws to make the project’s pieces fall into The city hopes to select a mastefr developer by the end of the Reinecke said.
The retail space would includde shops relatedto boating, bicycle rentals and sales, hiking and camping equipmenrt and other forms of lake recreation, as well as a according to the About 100,000 square feet would be set aside for a “civic which for now is planned to be an aquarium, Reineckee said. Other potential civic uses include a museum orwaterfrontr amphitheater, she said. The city has had preliminary discussionswith , an aquariumj development and management company, Reinecke said. The Grapevine-bases company coordinates all phases of building andoperatinyg aquariums.
Aspects include pre-development, design, construction and specieds collection as well as retail and restaurantzs related to the saidErik Pedersen, the company’s president and CEO. Visitord to the proposed $40 200-million-gallon aquarium would walk throughn transparent tunnels and be surrounded byoceah animals, including sharks, sting rays, sea turtles and said Pedersen, whose company built and operatees a similar aquarium in The experience would simulate a walk on the ocean’a floor, he said. Freshwater exhibits highlightingy the fish in Lake Lewisville could also be he said.
“This would be the largesy tunnel aquarium inthe world,” Pedersejn said of what his companuy is proposing. “When you are in the (tunnel) you are on the inside looking out, rathere than standing on the outside and looking intoa tank. It’s a very cool U.S. Aquarium Team projections indicatw a facility in Lewisville woulcd easily draw more than 1 million visitors a year, Pedersen said. If the projec moves forward, how the revenue would be splitbetweenh U.S. Aquarium Team and the City of Lewisvilles would need tobe “The location is phenomenal,” he said.
“It’s a perfecrt storm of rail and highwayand lake, and it’s an area wher e people already go for recreation.” Construction of the aquarium would take about 18 months, and could include space for a food court, a fine-dining and space for corporate events, educational seminars and other he said. The credit crisis will need to ease, before any aquarium coulx get the financing itwould need, and the projectr would require “substantive involvement” from the City of Lewisville to make it Pedersen said. U.S.
Aquarium Team’s plans for an aquarium near Grapevine Mill mall dissolved in 2007 after the companyu had difficulty obtaining financing and significanf questions arose about parking forthe project, he said. The Lake Lewisvillw masterplan would be developed over 15 to20 years, Reineck said. It hinges on the rail line’s completiob and an Interstate 35 expansion nowundetr way, she said. “This is a very long-range plan,” Reineckre said. “I think it will fall into place as the transity system comes into place andbecomes successful.
”
Saturday, September 11, 2010
AT&T cuts iPhone prices - Dallas Business Journal:
moakhamet84.blogspot.com
Customers can purchase the iPhone 3G immediatelyat AT& company-owned stores or online. The iPhon 3G S is available for preordering and will be in storeeJune 19. The price cut came in conjunctiowith AT&T's reaffirmance of its financia guidance for 2009 that targets wireless servic operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customer acquisition for iPhon 3G S and the newly pricedf iPhone 3G are expected to be very similar to the costse associated with the original iPhonr 3G. In the first AT&T’s iPhone activations totaled morethan 1.6 million, more than 40% of them for customerw who were new to the company.
“iPhone 3G S is the most powerfuliPhone yet, and we’rer extremely proud to offer it to our customers on the nation’s fastestr 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumer “We’re also pleased to offert these innovative phones and plans at incredible including free Wi-Fi access at nearly 20,00 0 hot spots.”
Customers can purchase the iPhone 3G immediatelyat AT& company-owned stores or online. The iPhon 3G S is available for preordering and will be in storeeJune 19. The price cut came in conjunctiowith AT&T's reaffirmance of its financia guidance for 2009 that targets wireless servic operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customer acquisition for iPhon 3G S and the newly pricedf iPhone 3G are expected to be very similar to the costse associated with the original iPhonr 3G. In the first AT&T’s iPhone activations totaled morethan 1.6 million, more than 40% of them for customerw who were new to the company.
“iPhone 3G S is the most powerfuliPhone yet, and we’rer extremely proud to offer it to our customers on the nation’s fastestr 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumer “We’re also pleased to offert these innovative phones and plans at incredible including free Wi-Fi access at nearly 20,00 0 hot spots.”
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