Agency theory is used to develop hypotheses regarding the effects of ownership proliferation on firm performance. The article examines the effects of CEO ownership, executive team ownership, and all employee ownership, in addition to the moderating effect of risk, on firm survival and stock price. Firms with low CEO ownership...
CINCINNATI, Nov. 24 /PRNewswire/ -- Dr. Stephen Joffe, Craig Joffe, and Alan Buckey today filed an amendment to their Schedule 13D with the U.S. Securities and Exchange Commission. The group previously filed a 13D disclosing ownership of 11.4% of LCA-Vision, Inc. , which operates 77 LasikPlus fixed-site laser...
LOS ANGELES, Nov. 17 /PRNewswire/ -- Huseyin Ozyurtcu, President and CEO of Picasso Travel, one of the largest air consolidators in North America, and Rainer Klee, President and CEO of AER Picasso LLC, a US subsidiary of AERTickets, the largest independent consolidator in Germany, announced today a joint 50...
John Schuman Admitted to Partnership COLUMBUS, Ohio, Nov. 11 /PRNewswire/ -- Budros, Ruhlin & Roe, Inc. announces that John Schuman has become a shareholder of the company. The firm is one of the nation's most successful wealth management practices with more than $1.4 billion in assets...
At C.W. Brown Inc. in Thornwood, owners Renee M. Brown and Charles W. Brown Jr. have a business succession plan to keep their 24-year-old construction company in familiar hands when they retire. The married executive team - she serves as company CEO and he as president - this year...
Three Oklahoma City-based energy companies are among five local businesses that have agreed to become what the Oklahoma City Thunder calls major corporate cornerstone sponsors for the NBA team. The team said Chesapeake Energy Corp., Devon Energy Corp. and SandRidge Energy Inc. will join MidFirst Bank and...
Quality Aircraft Accessories intends 50-percent growth in its facility and work force under its new ownership team, adding services for two new markets. An investment group led by the Boston private equity firm Hastings Equity Partners has bought a majority stake in the Tulsa company for an...
Expects renin program to enter clinic in 2009 FORT WASHINGTON, Pa. -- Vitae Pharmaceuticals, Inc., an emerging pharmaceutical company dedicated to the discovery and development of innovative small molecule medicines, announced today that it has reacquired full rights to its renin inhibitor program and is advancing the program...
Brady Oman, Red McCombs and Hal Jones Team to Create Private Ownership Experiences AUSTIN, Texas, Oct. 6 /PRNewswire/ -- Texas real estate development and business veterans Brady Oman, Red McCombs and Hal Jones have announced the formation of The Flagship Group -- an integrated development company specializing...
A woman who claimed she was regularly sexually harassed by employees of the Kansas City Wizards soccer team dismissed her lawsuit last week. Kathryn Carver filed the suit three months ago against the team's ownership group, OnGoal; Greg Cotton, executive vice president and general counsel for...
A woman who claimed she was regularly sexually harassed by employees of the Kansas City Wizards soccer team dismissed her lawsuit last week. Kathryn Carver filed the suit three months ago against the team's ownership group, OnGoal; Greg Cotton, executive vice president and general counsel for...
WACO, Texas, Oct. 1 /PRNewswire/ -- FreeFlight Systems Ltd., an international supplier of professional-grade navigation systems for commercial and military aircraft, announces a definitive agreement to be acquired by a new executive management team and their financial partner, Elm Creek Partners. The new team officially assumed responsibility for corporate...
Phillip Spencer Joins Leading Web Hosting Provider's Executive Management Team OVERLAND PARK, Kan. -- Aplus.Net, a leading web hosting company and Internet solutions provider, has announced changes to its executive management team, including the naming of a new Chief Executive Officer, Phillip Spencer. Mr. Spencer succeeds...
Former NBA and NFL Executive to Lead Professional Indoor Lacrosse Team NEW YORK -- Aaron Jones, a former NBA and NFL executive and an All-American lacrosse player at Cornell University, has been named Team President of The New York Titans (www.nytitans.com) replacing Timothy Kelly. Jones will report directly...
Brings Board and Management Ownership to 30% of Company JACKSON, Tenn., Sept. 10 /PRNewswire-FirstCall/ -- Kirkland's, Inc. announced today that three directors of the Company and two members of its senior management team have agreed to purchase a total of 3,849,032 shares of Kirkland's common stock...
WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that it is restructuring its Senior Leadership Team to streamline management and better position the Company for long-term growth. Matthew E. Avril, currently Co-President of Starwood Vacation Ownership SVO, has been named President of Starwood's Hotel...
LOS ANGELES -- Ron Graves has been named chief executive of the Pinkberry frozen-yogurt chain, after serving as interim CEO for months, the company said. Graves was named interim CEO last October, when Pinkberry received a $27.5 million investment by Seattle-based venture capital firm Maveron LLC, whose co-founder...
Byline: By ROB PATTINSON NORTHERN Rock is today still counting the cost of its fight back towards profit and privatisation. The Tyneside-based lender yesterday announced losses of pounds 585.4m for the first half of the year and revealed a 67% rise in home repossessions. ...
Broadlane has announced that TowerBrook Capital Partners L.P., a private equity firm based in New York and London, has signed a definitive agreement to acquire a majority interest in the company. Under terms of the agreement, Broadlane's senior management team will continue to retain a significant ownership interest in the...
IBM Global Business Services and Honeywell have teamed to deliver business process integration and manufacturing execution systems to the new LNG terminal built by Freeport LNG Development, L.P., on Quintana Island near Freeport, TX. IBM and Honeywell provided a combination of leading enterprise resource planning ERP systems integration skills and...
Articles 2008-08-01
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