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Steel will succeed Peter M. Nicholas who has served as chair since July 2003. Trustees serve a maximum of two six-year terms, and Nicholas’ term is set to expire in July. Nicholas is also the founder and chairman of Boston Scientific Corp...
...federal agency called the Pension Benefit Guarantee Corp. (PBGC) is slated to administer United's pension plans. Lower-paid workers will probably receive most of the pension money they are owed since the PBGC insures annual benefits up to $45,614. Pilots and senior execs with six-figure pensions could take a heftier...
...documents filed with the Securities and Exchange Commission Wednesday reveal that as of March 31, Harvard owned 88,200 shares in China Petroleum and Chemical Corp., or “Sinopec...
...easy for Katsuhiko Machida, the president of Sharp Corp., to look back and laugh now, given that he's running Japan's hottest electronics company. But for years he was despondent, wondering if Sharp would forever be overshadowed by giants like Sony, Matsushita and Samsung. When he ran Sharp's television business in the 1980s, Machida says the firm had trouble competing because it didn't manufacture the most important TV component, the cathode-ray tube. Forced to cobble together parts bought from competitors, Sharp was essentially an assembler, cranking out televisions that were always a little too expensive...
...imagined," says Leslie Marks, executive director of the National Association of Home Builders. In the past five years alone, the number of home buyers 50 and over making purchases of $500,000 or more has doubled, estimates Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corp., which is based in Parsippany, N.J., and has 3,200 offices domestically. Says Troy Campa, principal of Newberry Campa Architects LLC in Houston: "Just a few years ago, we didn't really see anyone in this age group buying large custom homes. Now that number is about...