I spoke with Jeff Gauger recently about the paper's future. He came across as clear-eyed about the opportunities and limitations he faces. Not sure I told him anything he didn't know, but at least I turned him on to the UHOP.
Alert reader Dave Ribar linked to this video in this thread.
Questions for further study:
Could a network teevee show for kids make a casual reference to evolution in 2012?
Does the competence of pop songs produced for silly teevee shows (see also: The Monkees, Lonely Island shorts (NSFW)) relative to actual songs from the parodied genres reveal something about those genres?
Awesome factoid of the day for persons of a certain age: "The chimpanzee that played Lancelot Link—who was essentially a chimpanzee that was supposed to be the same as Agent 86, Don Adams on Get Smart—is still alive."
Our office moved to Hanover Square, so I stayed downtown last night. Walked the Battery this morning, had breakfast overlooking the WTC memorial. That's one of the pools reflected at the bottom of the pic at left.
It's been a tough couple of decades for workers here in North Carolina's rust belt, but our once-proud local business sector can still compete with the rest of the state when it comes to executive compensation.
Four of last year's ten top-paid executives at large public companies in NC are based in the Triad -- five if you include Burlington -- according to this article in the QCO.
Greensboro claims two of the top ten: Lorillards's Murray Kessler, who places second on the money list with just over $13 million, and Eric Wiseman of VF Corp. Winston-Salem also draws a pair, with Richard Noll of Hanesbrands and Daniel Delen of Reynolds American. LabCorp's David King puts Alamance County on the list.
Charlotte is the single best-represented city, with four names on the roster, including top dog Robert Toth ($15 million) of high-tech filtration company Polypore International. Sign of the times: None of the four is a banker. North Wilkesboro (Robert Niblock of Lowe's, $11.6 million) is on the list, but Raleigh is not.
Here's the full Top 50 list of compensation for public-company execs. Remember, it doesn't include privately-held firms or, for that matter, athletes or entertainers, so it's not an exhaustive catalog of best-paid North Carolinians.
The Observer's Ely Portillo points out that executive compensation was not always tethered to shareholder value. One example, from right here in the Triad: "Lawrence Rogers, CEO of Sealy Corp., saw his pay rise 285 percent, to $4.5 million...The company had a negative return of 41 percent for shareholders." Much of that income was from a stock grant; Rogers did not a cash bonus in the wake of that bad year, but he did get another 1.4 million shares of stock.
It rained on South Elm Street yesterday afternoon, and it rained harder at our house, a few miles north.
But it rained really, really hard across northwest GSO. Our Brassfield correspondent reported a 6-inch deluge and a mud-filled swimming pool. The N&R posted some flash-flood photos.
We did lose power overnight, forcing us to repair to Smith Street Diner for breakfast. I had the Mexican Eggs -- essentially, huevos rancheros on grits -- and one of those giant biscuits. In the meantime our home was reattached to the grid.
Women face some choices and challenges that men tend not to face, and there is value in this much-discussed article on that topic, but isn't at least part of the problem the false frame in which anyone has it all?
On Wednesday evenings at The Mission, a small but growing community church in south High Point, members study God’s word verse by verse, seeking to grow in their faith and learn how to become what Jesus called "fishers of men."
Right next door, at the Tiki Cabaret – which, if you don’t already know, is exactly what it sounds like it is – there’s a different kind of fishing for men going on. Exotic dancers – young, comely women wearing scarcely more than a fig leaf – shake what God’s given them in a seductive attempt to get men to, shall we say, slip a few bills in the offering plate.
Jeff Thigpen's new book, On Point: Voices and Values of the Young Elected Officials, is available now at his website and places like Amazon.
Guilford County's Register of Deeds somehow found the time (between modernizing his department and shining a light on the rigged mortgage game) to interview over 100 young elected officials across the country and then tell several of their stories.
"Young leaders," he writes, "represent the emergence of the largest generational shift in our nation’s history."
Young leaders have the capacity and they will bear an increasing responsibility to help America rouse itself toward a higher level of consciousness, to wake up from the trance, capture our hearts and minds, and embody a more engaged citizenship in the 21st century.
It's a little alarming to see the ever-youthful Thigpen refer to himself as "increasingly seasoned," but I guess he's earned that distinction.
When I first worked as a volunteer at the 'Spoon many years ago, the question was how to engage the broader community and get crowds into GSO's gem of a contemporary art museum. Looks like they cracked the code.
Old-guy solidarity dictated that I kind of wanted Furyk to win the US Open, at least once the young amateur blowed up, but I was happy enough for a North Carolinian and Wake Forest alum to take the cup, esp. if Webb Simpson keeps his promise to return to GSO this summer for the Wyndham.
Watching Els' Texas Wedge roll back down the hill reminded me of playing golf with me. Flashback: So did this.
George Hartzman's complaint to the North Carolina Securities Division concerns alleged misbehavior by his employer, Wells Fargo, and "and other firms doing or that did the same," which is to say pretty much the whole TBTF industry.
Hartzman works for Wells Fargo Advisors, where he arrived with the acquisition of Wachovia Securities. He also teaches continuing education classes for CPAs, including a unit on ethics, and is visible around town as a blogger and frequent speaker from the floor at City Council and other meetings.
Hartzman is sharing his story far and wide. I've contacted Wells Fargo Advisors and the NCSD for comment.
Hartzman claims that brokers at Wells Fargo and/or Wachovia were required to create financial plans for well-to-do customers in order to qualify for a bonus. He says the projected returns in these plans could be presented without showing investment costs that would reduce those returns substantially over time, and that in certain cases that omission was in violation of law, including Sarbanes-Oxley. "If Investment costs are not included in Envision investment plans, the proposals are inaccurate and misleading," he told the Securities Division.
His other issue involves the secret loan program to big banks from the Fed. Hartzman contends that senior execs and auditors who knew about these loans and yet allowed brokers at their firms to give financial advice without sharing that knowledge were in violation of the law, too.
Hartzman seems to be cognizant of the risks he is taking by going public with these allegations against the company that signs his paycheck. Whether or not his charges prove to carry legal weight, he's put himself in potential jeopardy for what he believes is right.
"What she said was offensive," said state Rep. Mike Callton, R-Nashville.
"It was so offensive, I don't even want to say it in front of women. I would not say that in mixed company," he said.
Michigan state rep Lisa Brown said "vagina" on the House floor, and then could say no more.
Common reactions to this story include, "She should have just said 'x'", where x = any vulgar or allegedly humorous slang term for "vagina," and, "She should know that in politics, only men can talk about women's reproductive parts."