Archive: March 15, 2009 - March 21, 2009

Local Reaction to Congress, AIG Bonuses

By Thomas Heath Here is what some of the Washington areaCongress's decision to go after bonuses at AIG, which has received more than $100 billion in taxpayer money to help it stay afloat. "While the public and taxpayer anger is completely understandable and justified, we should be focused on preserving...

By Terri Rupar | March 20, 2009; 4:51 PM ET | Comments (0)

West Virginians Look to Washington

Today's story on unemployment in the Washington area reminded me of an Associated Press article I ran across last week. The first sentence was, "Four counties in West Virginia's Eastern Panhandle are planning a joint marketing effort aimed at luring jobs and investment from the Washington, D.C. metropolitan area." That...

By Terri Rupar | March 20, 2009; 3:33 PM ET | Comments (0)

Early Briefing: Bonuses, and Worries at Fan and Fred

Legislation to severely tax bonuses at companies receiving government aid may imperil the Obama administration's housing recovery program by igniting an exodus of employees from Fannie Mae and Freddie Mac, employees said, Zachary Goldfarb reports. Both House and Senate versions of legislation to tax bonuses single out District-based Fannie Mae...

By Terri Rupar | March 20, 2009; 7:30 AM ET | Comments (1)

William C. Smith Dies at Age 86

From Adam Bernstein, our colleague on Metro's obituaries staff: William C. Smith Sr., 86, who founded a Washington real estate management and development company that has become a leader in civic involvement and renovating low-income apartment complexes in the city's distressed neighborhoods, died March 15 at Sibley Memorial Hospital of...

By Terri Rupar | March 19, 2009; 6:18 PM ET | Comments (0)

Early Briefing: About the Bonuses

Executives at companies including FBR Capital Markets received bonuses despite not meeting performance goals. Payments like this at companies nationwide come in the form of discretionary pay and retention awards as well as bonuses paid out after directors on the companies' compensation boards adjusted compensation plans or lowered performance goals....

By Terri Rupar | March 19, 2009; 9:10 AM ET | Comments (0)

Early Briefing: A Surprise Visit at AOL

AOL employees got a surprise visit yesterday from Steve Case and Ted Leonsis, who showed up at a company-wide meeting to greet the new CEO and help bolster a staff recently hit by layoffs and turnover. Case and Leonsis, along with new chief executive and ex-Google executive Tim Armstrong, tried...

By Terri Rupar | March 18, 2009; 9:35 AM ET | Comments (0)

Strayer Makes Back Some of Its Loss

Yesterday, shares of Strayer Education (STRA) fell more than 12 percent, closing at $150.45. Dow Jones Newswires had an article on a report by a Boston consulting firm that said the growth rate for applications at the company's schools was slowing dramatically. The Off Wall Street report, based on Free...

By Terri Rupar | March 17, 2009; 3:53 PM ET | Comments (1)

Early Briefing: Replacing Blackwater

The decision not to renew the Iraq security contract of Blackwater Worldwide, now known as Xe, when it expires in early May has left the State Department scrambling to fill a protection gap for U.S. diplomats and civilian officials there. DynCorp International of Falls Church and Triple Canopy of Herndon,...

By Terri Rupar | March 17, 2009; 7:30 AM ET | Comments (0)

Arlington Asset Investment/FBR Group's Losses

Arlington Asset Investment Corp., formerly Friedman, Billings, Ramsey Group, said it lost $268.5 million ($1.77) in the fourth quarter of 2008, compared with a loss of $270.4 million ($1.77) in the last quarter of 2007. For the year ended Dec. 31, it posted a loss of $417.5 million ($2.76), compared...

By Terri Rupar | March 16, 2009; 12:32 PM ET | Comments (3)

Early Briefing: Marriott's Arne Sorenson

Arne Sorenson tells reporter Michael Rosenwald that 11 years ago, Bill Marriott took his first bet on him, making Sorenson the chief financial officer of the hotel chain. Last week, Sorenson was promoted to president and chief operating officer, and analysts see that as Marriott's next big bet. Even though...

By Terri Rupar | March 16, 2009; 7:30 AM ET | Comments (0)

Value Added: The Nonprofit Entrepreneur

By Thomas Heath I have been tweeting on Twitter (my call sign is addedvalueth) for the last two weeks, wondering why a grown-up would share mundane parts of his personal life ("heading to sleep") with complete strangers on the other end of a computer or handheld. And why anyone would...

By Dan Beyers | March 15, 2009; 8:00 PM ET | Comments (39)

 
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