Proxy season continues, and Atria’s head honcho makes more than all other CEOs in town, and by a long shot. Plus the buying binge of a local REIT continues. And some turnover in the executive ranks and boards of two local banks.
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
The stagecoach rolls forward
Wells Fargo is starting the process of rebranding local Wachovia branches.
The R&D Dept.: Local Patents for 4.13.11
Some interesting patents this week including a new invention for local startup Intelliject, a flower stem wrapper and genetic soybean research. And just in time for margarita season, a new blender design from the brains at Hamilton Beach in Glen Allen.
The acquisition that wasn’t
One of Richmond’s biggest law firms was rebuffed last year in its attempted takeover of a West Coast firm.
Richmond agent guilty of fraud
Julius Everett “Bud” Johnson pleaded guilty in federal court in a suit that charged him with conspiracy to commit mail, wire and bank fraud, and engaging in unlawful monetary transactions.
Markel ventures east — as in Far East
The Richmond-based specialty insurer got the green light for an office in mainland China.
Prominent Richmond couple goes bankrupt
The former head of one of Richmond’s old guard investment banking firms has filed Chapter 11 bankruptcy, listing millions in debts to creditors that include local banks and some friends.
Local investment firm moves further in N.C.
A Shockoe Slip-based investment banking and wealth management firm has opened an office in Charlotte.
Depends on what the definition of ‘Ponzi’ is
Whether local businessman Julius Everett “Bud” Johnson is a Ponzi schemer or not remains a toss-up, depending on which side of the case you ask.
Deal Flow: Investment banking roundup for 4.8.11
Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition…. Read more »