CarMax reveals big plans for new stores across the country. Plus a local tobacco company discloses the latest pay packages for its top executives.
A local bank executive gets a new pay package, and two local REITs try to fend off a hostile bid made by a California investment fund.
Several insiders at a local bank went on a buying spree this week. And the top executives of a Glen Allen bank that recently went public signed new employment contracts, each for a six-figure salary.
There’s plenty of shuffling this week in the executive ranks of local public companies, including CarMax, Media General and local banks. Markel discloses that it has some acquisitions in the works. And a Midlothian videogame maker gets a reprieve on some of its defaulted debt, using one of its games as collateral.
A controversial local coal company is facing a class-action suit that aims to block it from being acquired by a competitor. Plus, a new top executive is hired by a local bank.
More big-dollar stock options were exercised by local executives this week, and big life insurance policies were taken out for two local bankers. And Dominion shareholders looking for change on some controversial topics get voted down.
A local REIT pulled the plug on the purchase of two hotels but made an offer on another. Plus more big losses at a local biotech firm, local executives cash in on some big stock options and a local conglomerate sells $1.5 billion in bonds.
CarMax’s CEO received a sizable pay package in 2010, one that would make any used-car salesman jealous. Plus big pay for local coal executives, and a local bank adds more new blood to its top ranks.
More big paydays for area bankers. Plus the former CEO of one local bank resigned from his role as vice chairman. And a local coal company closes on a $475M acquisition.
More executive pay packages revealed – this time from two local banks and a local drug maker. One local REIT may look to raise more capital, while another continues gobbling up hotels around the country including one in Richmond.