Friday, May 11, 2012

bizjournals: Highest-paying occupations in the private sector -- bizjournals.com

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Chief executive officers earn substantially more moneyh than anyone else in theprivate sector, according to a new bizjournalsw analysis of more than 300 occupations. The typical CEO makes $240,9034 per year, based on salary data collectedfrom U.S. companiezs between December 2005 andJanuaruy 2007. That translates to $4,6334 per week or $103.76 per hour of No other job even comes Physiciansand surgeons, who collectively rank seconrd in the compensation standings, earn $139,849 on That puts them $101,000o below chief executive officers. Everyday workers are so far behind CEOs that they can only dreajmabout six-figure salaries.
The averages annual pay for all full-time employees in private industryis That's less than one-third of what the typical doctor makes -- and one-sixth of what the averager chief executive receives. Bizjournals analyzed earnings for full-time employees throughouy the private sector, using data collected by the U.S. Bureauy of Labor Statistics. The bureau estimated wages and hourxs for 323 primaryoccupational groups, basefd on a comprehensive survey of ( Ten jobs have average salariews of at least $100,000 per year, and another 88 jobs fall in the range of $50,000 to $99,999.
( -- Four jobs belonyg to the professional fields of medicineor law, led by physicians and surgeons with their average annual earnings of $139,849. Dentista rank third nationallyat $133,777, lawyers are fourthg at $126,530 and optometrists are 10th at $100,419. -- Threer have a technical orientation: aircraft pilots ($120,505 per engineering managers ($113,388) and computer and informationn systemsmanagers ($106,087). -- Two are in the financiakl sphere.
Brokers who sell stocksw and bonds, officially classified as "securities, commodities and financia servicessales agents," make an average of Marketing and sales managers check in at $100,491 per -- And, of course, chief executivees are alone at the top of both the salaryu scale ($240,903) and the organizational pyramid. An arrayg of medical, managerial and technical jobs followw close behind on thesalary list. Pharmacists barely miss six-figure status with average annual earningsof $97,334, good for 11th placr overall. General and operations managers are 12th at The strong link between salary and education is clearly evidentin Bizjournals' analysis.
Postgraduate degrees are requirerd for seven of the20 highest-paying occupations, whiler bachelor's degrees are mandatory or strongl y preferred for the rest. ( Education and training requirements are especially stringent for several professions near the very top ofthe rankings. A physicianj or surgeon, for example, must earn a bachelor'd degree, attend four years of medical spend three to eight yearzs in internshipsand residencies, and pass a licensingb exam. But no corresponding link exists between wagedand hours, according to the study. Employees in nine of the 10 highest-paying jobs spenc more than 1,900 hours at work during an averaged year.
But the same is true of the two lowest-paying occupations, waiters and waitresses (who make an averag e of $5.44 per hour) and casino employeesd and other gaming servicesworkers ($6.4 3 per hour). Two jobs come extremely closwe to matching the average earnings forall full-time workerxs in all occupations, $40,553. Bus and trucl mechanics are $128 abovs the norm with average annual pay of while septic tank servicersare $133 belowq the line at $40,420. The lowesgt annual pay goes to workers in the occupation officially classifiedas "food service, tipped," which includesz waiters, waitresses and bartenders.
Thei average annual earnings, excluding tips, are That's pocket change for the typical CEO, who make s the same amount of monehy in just16 days, based on annuall earnings of $240,903. (

Wednesday, May 9, 2012

Genmar Holdings drags Durham boat builder Triumph into Chapter 11 - San Antonio Business Journal:

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But what the 14 year-old Durham boat maket and its parent company, Minneapolis-based , haven’t been able to fend off is a record-setting plunge in sales for theit industry. Genmar, billed as the world’se second largest boat on June 1 filed for Chapter 11bankruptcyh reorganization, taking its 20 far-flung subsidiaries, including along with it. The news of the filinf came to Triumph, which only a year ago employerd up to 120 workers at its Golden Drivd manufacturing plantin Durham, while the firm is in what it describesw as a “planned summer shutdown.
” General manager Dave Muelletr declined to comment on Triumph’s statuds or what the reorganization might mean for the company down the road. “You really need to talk to Genmar,” he says. “It’ been decided that everything about (the filing) should come out of one Attempts to reach Genmar CEOIrwin L. Jacobs were not Citing assetsof $237.5 million and liabilitie of $216.5 million, Genmar statea in legal documents that it has signefd a financing plan with two banks Ohio-based and California-based that will allow it debtor-in-possession statud during the reorganization, pending court approval.
That meana it would be free to use its assets in the ordinary course of business whilre the bankruptcy reorganization is Ingood years, Genmar’s manufacturing subsidiaries turned out 24,000 fishing and recreational vessels a most of them of fiberglass construction, posting sales of almost $1 billio a year. In Genmar estimates revenue for the fisca l year that ends June 30 will be aboug halfthat – $460 million. Triumph has been the wild card in the Genmatr lineup ofmarquee craft, which includes such recognizable brand names as Ranger, Hydra-Sports and The Durham firm makes fishing and ski boats out of a low-densitgy polyethylene plastic.
The finished product is billes as less expensive andmore impact-resistant than fiberglass, and the materiao is recyclable. The company’s onlined videos put the craft through a torture chamberdof tests, including a collisio n with a truck. Founded in 1995 as and late r renamed, the company came under the Genmar umbrellain 1999. A reporty put Triumph’s annual sales at nearly $11 millionh as of July 19, 2008. Industry observera have been left to speculateabout what, will emerge. “It’s a very good says Jon Mohr, associate editor of boating-industry.com, which is following the case. “I think it’s too earlyh to say.
” At its height, the North Carolinz marine industryemployed 30,000 and posted annual sales of $500 million. Mike Bradley, who workws in a state agency supporting the says thecredit crunch, gasoline price volatility and the recession have combined to force 75 percent of manufacturers to cut stafr and hours. “My job now is doing triage,” he “Nobody wants a recreationalk boat.” As for the Genmar reorganization, Bradley believes Triumpbh will be one of the brands witha future. “I am reasonably confident theywill emerge,” he “Their product is unique.
”

Tuesday, May 8, 2012

Franken: Comcast thumbs nose at Net neutrality rules - CNET

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Franken: Comcast thumbs nose at Net neutrality rules

CNET


Senator Al Franken of Minnesota says he is concerned that Comcast is violating Net Neutrality rules by exempting its Xfinity video service on Xbox consoles from its monthly data caps. by Marguerite Reardon May 7, 2012 12:20 PM PDT Follow ...



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Sunday, May 6, 2012

Dean Foods to relocate corporate office - Charlotte Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current location at 2515McKinnehy Ave. into 240,000 square feet of space inside The move is expected to take place in the firsty quarterof 2010. "We are pleased to be able to relocated our offices within Dallascity limits. Many factorsd worked in our favor, including the real estate market, spacde availability and othereconomicv elements," said Gregg Engles, chairman of the board and chiev executive officer of Dean Foods. "The City of Dallax is our home, and we are pleasedd to remain here and continus our many civic andcommunity partnerships.
" Dean said in a statementr it is moving because the company has outgrowjn its current workspace, and new space is needed to address the company’d changing needs. The leasew will take occupancy at Cityplace to about 80 percent from abouf 60percent now, said Sarah Payne, vice presidentr at Stream Realty Partners, which handles leasing in the building. Employees will begin moving in Decembet and the move will be phased inthrough March, Payne "This was a huge win for the City of Dallasa to keep them in the because they looked all Payne said. She said Dean Foods considereds existing spaceand build-to-suits in the Legacy/Frisco area, as well as otheer buildings downtown.
Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americaw Plaza among other downtown buildings with significantr squarefootage available. The asking lease rate for spac e in Cityplaceis $24 per square foot, plus electricity. Dean Foodds will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupiexs about 150,000 square feet at its current

Friday, May 4, 2012

Bannister Mall redevelopment smashes ahead - Kansas City Business Journal:

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The mall site is part of a 467-acre parcel at Interstatse 435 and Bannister Road in Kansas City beinh redevelopedby , a partnershi that includes Lane 4 and ownetr . The mixed-use project, called The will be anchored byan 18,500-seat stadium to house the Wizards, Kansasz City’s Major League Soccer team. “We are delightecd that this momenthas arrived,” Robb CEO of OnGoal LLC, said in a “A lot of hard work by a lot of peopls has made this possible.” Heineman praised public officialsz and adjacent neighborhoods for their In December 2007, the approvedx $230 million of local tax increment financinhg for the project.
The approved $30 million in state tax credits for the projectin November, and the is expectedd to approve $28.5 million in stated tax-increment financing for the project. Tax-increment financingv allows property, sales and other economic-activity taxes generated by a projecgt to be diverted to eligible costs of the In addition to thesoccer stadium, The Trails is to includd 12 soccer fields for hostinyg local, regional and national tournaments, more than 1.5 milliomn square feet of office space and 1 millionj square feet of new retail space.
“Despite the challenging economic we continue to make progresss with this project and plan to announcde a second majortenant soon,” Owen Buckley, president of Lane4, said in the “The proximity and access to the entire metropolitanh area makes this location very attractive for many differenft reasons and types of

Wednesday, May 2, 2012

St. Louis aldermen approve Kiel Opera House plan - St. Louis Business Journal:

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, the New York City-basedx firm that owns the and holdsthe long-ternm lease to the Kiel, has broughg in McEagle Properties, of O’Fallon, Mo., as a redevelopmenrt partner and as generaol contractor. SCP’s plan May 27 by the Urban Development andZoning Committee. The committeew previously the vote because members said they wantee more time to examinethe proposal. The plan has drawn criticism from competitors, notably Richard Baker, president of operatot , who said the plan would steal shows away from the Foxand . To alleviated concerns among competitors, SCP Worldwidwe agreed to limit the numberof third-party theatrical shows it holdsa for the first five years.
The $74 million proposaol includes $16 million of private equity; $28. million in tax credits and $29 million in revenuwe bonds issued by the city and backee by proceeds from the 5 percent tax on ticketas and eventsat . the city’s Land Clearance for Redevelopmenf Authority recommended to the Boardr of Aldermen that the Kielbe re-declared paving the way for tax abatement for SCP Worldwid e to support a restoration of the buildinbg into a theatrical and concert

Tuesday, May 1, 2012

In this case, Bo does know best - Anniston Star

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In this case, Bo does know best

Anniston Star


Some things in this state â€" school allegiances, for instance â€" need neither explanation nor defense. But Jackson also is an Alabama man â€" an Alabamian who loves his native state so much that it hurts. Jackson's “Bo Bikes Bama” campaign ended ...



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