Blog

Midlothian Boater’s World Is Liquidating

Boater’s World, a chain of boat supply/fishing gear stores with one location in Richmond and several in Hampton Roads, is liquidating. The sale started last week. According to a representative at the Midlothian store (9700 Midlothian Turnpike) reached by phone this morning, traffic has been brisk. According to the Baltimore Business Journal, merchandise is up… Read more »

Burger Shots: Are you kidding me?

You know what happens when you have too much to drink? You puke. Boot. Hurl. Burger King has decided that the way to market a mini hamburger is by calling it a  “Burger Shot.” Why would you ever associate a hamburger with a 2 0z shot of liquor? Something you throw down your throat in… Read more »

Greenbrier files bankruptcy, could become a Marriott

The Greenbrier, the classy West Virginia mountain retreat known for its cold-war-era bunker, has filed for Chapter 11 bankruptcy protection in Bankruptcy Court in Richmond. There are no local companies on a preliminary list of creditors, however the bankruptcy work continue to accumulate for McGuireWoods, which is representing the Greenbrier. According to a press release,… Read more »

More than $1 billion from AIG flows into Virginia

The AIG plot is thickening here in Virginia. According to the company’s announcement on March 15, public entities in Virginia were on the receiving end of more than $1 billion in payouts. That’s the second most of any state behind California. You can see a graph here. According to the press secretary for Tim Kaine,… Read more »

Gubernatorial candidates need jobs too

Campaigning to be the next governor of Virginia is a full-time job, but that isn’t stopping two of the four candidates from earning a salary. Republican candidate Bob McDonnell and Democrat R. Creigh Deeds are both earning paychecks from separate Virginia law firms, according to a story in today’s Washington Post. “I’m doing what I… Read more »

Why do college coaches get guaranteed contracts?

Why do coaches get paid after they’re fired? Is there any other profession that works like this other than golden parachutes for CEOs, which is also absurd. Frankly, it seems like a job lots of guys would want and one you could fill relatively easily without such guarantees. So why do colleges feel the need… Read more »

Salaries hold steady for Media General execs

Despite losing $632 million in 2008 and asking salaried employees to take two weeks off, it still pays to be a head honcho at Richmond-based Media General. Chief executive Marshall Morton received $2.76 million in total compensation in 2008, according to an SEC filing. That’s about the same as 2007 and about 15 percent less… Read more »

The music stops for Plan 9 in Harrisonburg

Rock and roll will never die, but music stores do. Plan 9 is closing their Harrisonburg store at the end of the month, according to the Daily News Record. Compact discs were still king, and you could even still buy cassette tapes when the Richmond-based music store opened the Harrisonburg location in the mid-1990s. Now… Read more »

It’s still good to be the banker

Tarp Schmarp. Executives at Union Bankshares Corp., the parent of local Union Bank and Trust and its 43 locations, earned slightly more in 2008 than in 2007, despite a rough year. The bank accepted $59 million in federal money as part of the Troubled Asset Relief Program, cut the dividend payment to stock holders by… Read more »

Richmond Baseball Club set to take over Defender’s lease

Last month, Bryan Bostic of Richmond Baseball Club LC announced they planned to buy a AA baseball team in Connecticut to replace the AAA Richmond Braves. Their plan to buy  the Connecticut  Defenders is closer to becoming a reality, despite no guarantee that the stadium slated for Shockoe Bottom will be built. According to local newspaper The Day,… Read more »