Word: baer
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...Steve Baer, 48, is fed up with his cell-phone service. When the advertising executive moved to Atlanta six months ago, he considered switching from AT&T Wireless to a carrier with better coverage in the neighborhood where he lives. But there was one thing holding him back: he didn't want to give up his number...
...Federal Communications Commission, adding number portability could get messy. For one thing, there are a number of billing issues to work out (how to transfer accounts, how to handle arrears), an industry spokesperson says, and rural carriers will need a new way to identify roamers. Details, details. Steve Baer, for one, hopes everything gets worked out. In about five months, he wants to go shopping...
...Thomas Baer says it became clear five or six years ago that Raymond was the clan's best young leader. "The big danger of family companies is that the older generation cannot find the right moment to hand over the reins," says Thomas. He is not only giving up the chairmanship but also relinquishing his seat on the board to his son and will have more time to spend at his Tuscan vineyard...
About 30 members of the family are involved in key decisions at the bank. They are signatories to a family shareholders' pooling agreement meant to ensure that control of the bank stays in Baer hands. It's a practical form of family governance that was first drawn up in 1974, when the bank switched from being a partnership to a limited-liability stock corporation...
Like most banks these days, Baer is focused on cutting costs and recently took the unusual step of laying off 50 workers...