Risky Business: Allen Whitehead runs from the wreckage (Daily Press) The final in a fascinating, well-reported, three-part series: Even as the business was struggling mightily in the year leading up to the filing, Whitehead, CEO Trever Bybee and President Joyce Evans paid themselves a combined $654,632.56 — more than $218,000 each. Nonprofits struggle to survive… Read more »
Search Results for: foreclosures
NewsFeeds 11.8.10
A meteoric rise — and fall (Daily Press) Part one of a three part series the DP is running on failed business scheme: In the summer of 2008, a few months after leaving his lucrative career as a financial adviser at Davenport & Co., Allen H. Whitehead III began placing calls to many of his… Read more »
NewsFeeds 10.21.10
Rolls-Royce project progressing in Prince George (Times-Dispatch) The $170 million plant is the first phase of a manufacturing and research campus that Rolls-Royce is planning to build in the Crosspointe Centre Industrial Park. Ultimately, the company expects to hire as many as 500 people and invest $500 million to create its largest U.S. manufacturing center… Read more »
NewsFeeds 10.19.10
State salaries database: Universities dominate list of top earners (Times-Dispatch) Some exceptional reporting from the TD: College and university staff and administration are by far the highest earners on the state payroll, according to a list of state salaries obtained by the Richmond Times-Dispatch using Virginia’s Freedom of Information laws. 2-cent tax bump works as… Read more »
Monday Q&A: Election edition
Rick Waugh, 36, is a social worker from Louisa County. He is challenging incumbent Rep. Eric Cantor.
NewsFeeds 10.14.10
Top 40 Under 40 2010 (Style Weekly) The young men and women changing Richmond. Auction of Justin French’s mansion postponed (Times-Dispatch) The auction sale of a Richmond mansion owned by a developer facing legal and financial problems was called off yesterday, as part of a moratorium on foreclosures imposed by the Bank of America. Underwater… Read more »
NewsFeeds 10.13.10
Bank back in hot water? (Virginia Lawyer’s Weekly) A lawyer’s dogged efforts to find evidence linking Bank of America employees to shady Carolina land sales may have landed him in trouble with a federal judge, but the evidence he uncovered has breathed new life into claims against the bank by 88 Virginia real estate investors…. Read more »
Monday Q&A: ‘We’re working twice as hard for none of the pay’
As developer Hank Wilton prepares for his first bankruptcy hearing, he opens up about the foreclosures of several of his projects, the development frenzy before the bust and the clarity that comes with hindsight.
NewsFeeds 10.6.10
Floor-care company to invest in Southside Va. (Times-Dispatch) A company that makes vacuum-cleaner bags and floor-cleaning products plans to open a factory and distribution center in Mecklenburg County. Millions owed, pennies paid to CM investors, creditors (Virginian-Pilot) Under a settlement plan, investors and creditors of CM Development will receive a pittance – less than a… Read more »
Cliches, part deux
Despite our best efforts to identify and exterminate the worst offenders, cliches and jargon just keep coming back. And with greater immunity to our only antidote: public shame. We have a few more we’d like to submit for retirement.