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Hell, no, 'resign-to-run' should not go

Wednesday April 23rd, 2014 06:53:00 PM
On Election Day, Philadelphia voters will be asked to change the Home Rule Charter to eliminate the “Resign-to-Run” provision and allow city elected officials to continue to serve in their elected capacity while running for another office.In effect, this allows people to be paid by the taxpayers to look for a new job. We can do nothing about the fact that incumbents get to run for re-election to the same office while we pay them and provide them a staff to help them earn re-election, but we…

Top 40 highest-paid City of Philadelphia employees

Wednesday April 23rd, 2014 06:39:00 PM
Who are the highest-paid City of Philadelphia employees? The usual suspects like Michael Nutter, Darrell Clarke and Charles Ramsey made the list.(Check out the accompanying photo gallery to see the Top 40.)A few quick observations:Six of the top 15 are in health care.  Fourteen of the top 40 are women.  The highest-paid worker makes more than $261,000 per year (it's not Nutter).The list was given to the Philadelphia Business Journal by the Mayor's office.

PNC elects new chairman

Wednesday April 23rd, 2014 06:14:00 PM
PNC Financial Services Group officially completed the transfer of power from James E. Rohr to William S. Demchak at its annual shareholders meeting Thursday in Tampa, Fla.Demchak became PNC’s CEO at last year’s annual meeting and this year assumed the chairman role from Rohr.Rohr had been CEO from 2000 to 2013 and has been with the company since 1972. He officially left the company’s board of directors Tuesday.Demchak joined PNC in 2002 and chief financial officer, became president in…

Rutgers-Camden names Phoebe Haddon chancellor

Wednesday April 23rd, 2014 05:36:00 PM
Phoebe A. Haddon, dean of the University of Maryland’s Francis King Carey School of Law and a former law professor at Temple University, has been named the next chancellor of Rutgers University-Camden.Before she was appointed dean of the law school at the University of Maryland in 2009, Haddon taught courses for more than 25 years at Temple’s Beasley School of Law. She focused on constitutional law, torts and product liability.Besides her involvement at Temple, she’s kept her influence…

How healthy is your brain?

Wednesday April 23rd, 2014 04:20:00 PM
Ever want to hold a human brain?Saturday is your chance.The American Brain Foundation is hosting the Brain Health Fair at the Philadelphia Convention Center on April 26. The free event will feature neurologists from around the world leading discussions on brain-related diseases and disorders such as Alzheimer’s and Parkinson’s disease, stroke, epilepsy and migraine headaches.The event is being held in conjunction with the annual meeting of the for the American Academy of Neurology. That…

Barnes Foundation gets $500K gift from pharmaceutical company

Wednesday April 23rd, 2014 03:46:00 PM
GlaxoSmithKline and the GSK Foundation are providing the Barnes Foundation with a $500,000 gift to support the foundation education outreach programs for schoolchildren in the Philadelphia School District.The money will be used to create The Barnes Foundation SmART fund for Education, which will fund three programs providing economically disadvantaged students the opportunity to experience and learn from the Barnes’ renowned art collection.More than 7,000 students annual will receive free admission,…

Republic First raises $45M to support South Jersey growth plan

Wednesday April 23rd, 2014 03:26:00 PM
Republic First Bancorp said late Tuesday that it raised $45 million through a private placement sale of its common stock for $3.80 a share.The bank, which includes Commerce Bancorp founder and former CEO Vernon W. Hill II as an investor and advisor, said it will use the money to continue its expansion into Hill’s old South Jersey base.Philadelphia-based Republic First (Nasdaq: FRBK) already has a Haddonfield location but started its South Jersey expansion in March, when it opened a Cherry…

Medical device firm at odds with largest stockholder

Wednesday April 23rd, 2014 01:47:00 PM
Echo Therapeutics’s largest shareholder sent a letter to the Philadelphia medical device company's stock holders urging them not to re-elect current director and interim-CEO Robert F. Doman to Echo’s board of directors.In its letter to stockholders, New York-based Platinum Management — which has invested $18.6 million in Echo — said it “can no longer sit idly by while stockholders continue to suffer under the direction of the current board.” Platinum Management, which owns about 20…

He talks to the animals at the Philadelphia Zoo

Wednesday April 23rd, 2014 01:08:00 PM
Andy Baker knows many of the sundry animals at the Philadelphia Zoo pretty well. He’s had a job there for more than 20 years. With a doctorate in biology focusing on animal behavior, the zoo’s COO knows a lot about running an organization where he can safely say “You’re as slow as a tortoise” and it’s not an insult. Read my recent Social Capital  interview with him here.

5 things to know today (4-23)

Wednesday April 23rd, 2014 12:52:00 PM
Here's what's happening today:1. Delaware River waterfront's  ambitious summer plans could help revitalize area long-term.2. Santander to open first  new Philadelphia branches in 12 years.3. Comcast released  strong 1Q earnings on the strength of Sochi and NBC Universal.4. After 67 inches of snow, we tally up  winter's winners and losers.5. Swarthmore is in a  court battle over a liquor license.WEATHER: Mostly sunny. Windy. High 60. Low 40.


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