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Tower Ticker | David Lauter, an assistant managing editor at the Los Angeles Times, has been named the new bureau chief of Tribune Co.’s unified Washington Bureau.
Lauter replaces Kerry Luft, who is returning to the company’s flagship Chicago Tribune as senior editor whose responsibilities will include coordination of 2012 national campaign coverage.
Federal Reserve Bank of Kansas City President Thomas Hoenig will retire Oct. 1, marking nearly four decades of central bank service. Get the full story »
The investors in Sun-Times Media Holdings have elected Jeremy Halbreich successor to the late James Tyree as chairman.
Groupon Inc.’s president and chief operating officer, Rob Solomon, is stepping down as the Internet company remakes itself from a small start-up to a major online player.
The move comes as Groupon, which offers group discount deals, has experienced explosive growth. Solomon, a Silicon Valley veteran who joined the company a year ago, said in an interview he is stepping down partly because “Groupon got really big.” When he joined the company a year ago, the company had 200 employees, but today it has some 6,000, he said. Get the full story »
Jim Tyree in 2009. (Brian Cassella/Chicago Tribune)
Mesirow Financial colleagues, a U.S. Senator, a governor and neighborhood folks from the South Side were among those who jammed into Old St. Patrick’s Church Monday night to attend a funeral Mass for James Tyree, the financier and Sun-Times owner who died last week at age 53.
The first of three eulogies was given by Richard Price, a longtime Mesirow executive who has replaced Tyree as chairman and chief executive of the Chicago-based financial services firm.
Price, whose voice wavered on at least a couple of occasions, said his business partner had a “desire to be hands-on,” noting that 55 of Mesirow’s 1,200 workers reported directly to him. The two executives were tight, even vacationing together with their families. Get the full story »
Agribusiness conglomerate Archer Daniels Midland Co. announced Monday that Dow Chemical executive Juan Luciano will be its new executive vice president and chief operating officer. Get the full story »
Boeing CEO Jim McNerney. (José M. Osorio/Chicago Tribune)
Boeing Chief Executive James McNerney’s compensation was valued at $19.7 million in 2010, up 1.5 percent from the previous year, as Boeing saw a rebound in commercial airplane orders, Boeing said in its proxy filing Friday.
The figure includes McNerney’s salary, bonuses, stock and options award and changes to his pension. McNerney’s annual bonus amounted to $4.4 million. Get the full story »
The death of Sun-Times owner James Tyree has been ruled an accident by the Cook County medical examiner.
An autopsy on Tyree found that he died of an air embolism following a dialysis catheter removal, the office said. It also listed pneumonia and metastatic cancer of the stomach as secondary causes, but ruled his death an accident.
Kevin Willer, co-founder of Google’s Chicago office, has been named chief executive officer of the Chicagoland Entrepreneurial Center, an affiliate of the Chicagoland Chamber of Commerce. Get the full story »
Mary Dillon at U.S. Cellular's corporate office in Chicago in June 2010. (Stacey Wescott/Chicago Tribune)
Chicago-based wireless carrier U.S. Cellular plans to launch its 4G network by the end of the year, Chief Executive Mary Dillon said Thursday.
Responding to an audience question at a breakfast sponsored by the Executives’ Club of Chicago, Dillon said the company has recently finished trials for its 4G network, which uses a technology called Long-Term Evolution, or LTE. Verizon Wireless and AT&T use the same technology, though the latter company has yet to commercially launch its LTE network. Get the full story »
Mesirow CEO James Tyree at his office in 2009. (Brian Cassella/Chicago Tribune)
James Tyree, the Mesirow Financial chief executive who led the group that took control of Sun-Times Media in 2009, died Wednesday, five months after being diagnosed with stomach cancer.
Tyree had stepped up to save the Chicago Sun-Times when it was floundering in bankruptcy court. He led an investor group that bought it for $26 million. Get the full story »
Sanjay Jha. (Robyn Beck/AFP/Getty Images)
Motorola Mobility Holdings Inc. has modified Chief Executive Sanjay Jha’s employment agreement to give him a monthly housing allowance instead of reimbursing him for his relocation from California to Illinois.
Jha, who was chief operating officer at San Diego, Calif.-based Qualcomm before taking the co-CEO position at Motorola Inc. in 2008, makes regular commutes from his West Coast home to the Chicago area. Motorola Mobility, which was split off from Motorola at the beginning of this year, is headquartered in Libertyville and has an office in San Diego. Get the full story »
Nvidia Corp. Chief Financial Officer David White has resigned for personal reasons effective May 31, the graphics-chip maker said Tuesday.
Shares fell 2.1 percent, to $17.29, in early after-hours trading. The company’s stock has fallen 22 percent in the last month through Tuesday’s close.
Nvidia did not disclose White’s plans. Get the full story »
Abbott Laboratories Chairman and Chief Executive Miles White received a 2 percent raise last year, to $1.89 million, though his bonus and other stock awards dipped amid a turbulent year for the North Chicago-based drug and medical product giant.
Abbott, which failed to win Food and Drug Administration approval for certain prescription drugs, valued White’s total compensation package at nearly $25.6 million in 2010, down from $26.2 million in 2009, according to the company’s annual proxy statement filed Tuesday afternoon with the Securities and Exchange Commission.. The total includes stock awards, bonus, salary and other compensation. Get the full story »
