The chairman and chief executive at MeadWestvaco received $6.7 million in compensation last year, including $68,000 for home security and several thousand for the charity of his choice, according to regulatory filings. Not a bad chunk of change, but it’s 25 percent less than the $8.88 million he took home in 2007. Of his total… Read more »
MeadWestvaco
Innsbrook empties out: Vacancy rate poised to double
Nearly 1 million square feet of class A office space in the Innsbrook area could be vacated as locally-based corporations downsize, driving down rental rates in the area but potentially making the Richmond area more attractive to corporations considering moving here. Almost every office building at Innsbrook has a “for lease” sign, and the situation… Read more »
MeadWestvaco heads to India
Richmond packaging giant MeadWestvaco announced today a joint venture with an Indian box manufacturer, Wadco Packaging. MeadWestvaco purchased a 51 percent equity stake in Wadco and plans to improve the Indian company’s ability to package produce in the country.