March 15 at 2:57 p.m.
Filed under:
Chicago executives
By Wailin Wong
Greg Brown and Sanjay Jha, the chief executives of Motorola Solutions Inc. and Motorola Mobility Inc. saw significant increases in their 2010 compensation from a year earlier, according to a proxy statement Motorola Solutions filed Tuesday with the U.S. Securities and Exchange Commission.
Motorola split into two independent companies in January, with Brown heading Motorola Solutions and Jha in charge of Motorola Mobility. In 2010, Brown’s total compensation was $13.7 million, compared with $8.5 million in 2009. Jha’s total compensation jumped to $13 million from $3.8 million. Get the full story »
March 15 at 10:07 a.m.
Filed under:
Chicago executives,
Management
By Tribune staff report
The National Association for Female Executives named seven Illinois companies among its Top 50 companies for executive women.
Abbott of North Chicago and Kraft of Northfield were among the Top 10. Five others made the Top 50: Allstate Insurance of Northbrook; HSBC North America of Mettawa; McDonald’s Corp. of Oak Brook; Northern Trust of Chicago; and State Farm Insurance of Bloomington. Get the full story »
By Emily Bryson York
Timothy McLevish. (Kraft)
Kraft Foods Inc. announced Monday that its chief financial officer Timothy McLevish will leave the company mid-year “to pursue opportunities in general management.”
David Brearton, currently serving as executive vice president of operations, will step up as CFO at the Northfield-based packaged foods giant. Get the full story »
March 14 at 1:46 p.m.
Filed under:
Banking,
Chicago executives
Crain’s Chicago Business | Frederick Waddell, chairman and chief executive of Northern Trust Co., received $12.8 million in total compensation last year, according a proxy filing with the Securities and Exchange Commission. The 8 percent increase, attributed largely to pension contributions, comes as the bank’s performance lagged that of its peers.
March 14 at 12:14 p.m.
Filed under:
Internet,
M&A,
Personnel moves
By Reuters
Facebook has hired a member of Google Inc.’s corporate development team to lead its fledgling merger and acquisition efforts.
Amin Zoufonoun, a director of corporate development at Google, will join the world’s No.1 Internet social network company next week, Facebook confirmed Monday. Get the full story »
March 14 at 8:04 a.m.
Filed under:
Chicago executives,
Housing,
Real estate
By Dow Jones Newswires-Wall Street Journal
Ken Griffin, the chief executive of Citadel in Chicago, has bought an oceanfront home at the Four Seasons’ Hualalai resort in Hawaii for just under $17 million. Get the full story »
March 11 at 9:59 a.m.
Filed under:
Cell phones,
Chicago executives,
Policy
By Wailin Wong
Motorola Solutions Inc. Chief Executive Greg Brown has been named to President Barack Obama’s Management Advisory Board, a group of former and current CEOs tasked with advising administration officials on how to bring private-sector practices to the government.
The White House made its announcement on Thursday and the group is scheduled to meet for the first time on Friday. Brown joins nine other corporate chiefs, including Jeffrey Kindler, the former CEO of Pfizer Inc., BET Networks CEO Debra Lee and American Red Cross CEO Gail McGovern. Get the full story »
By Reuters
Clearwire Corp. CEO Bill Morrow has resigned, two other top executives are leaving and the finance chief is moving to an operational role in a massive management shakeup at the wireless service provider.
Morrow will be replaced on an interim basis by Chairman John Stanton, according to the company, which is seeking billions in funding to expand its high-speed wireless network. Get the full story »
March 10 at 11:02 a.m.
Filed under:
Health care,
Magazines,
Media,
Personnel moves
By Bruce Japsen
Dr. Howard Bauchner
A noted Boston professor of pediatrics and public health will be the next editor-in-chief of the Journal of the American Medical Association, one of the nation’s best known medical journals.
Dr. Howard Bauchner will become JAMA’s top editor July 1, replacing Dr. Catherine DeAngelis, who had announced plans to leave the job after 11 years and return to Johns Hopkins School of Medicine in Baltimore, JAMA’s publisher, the Chicago-based American Medical Association said Thursday morning.
Bauchner, a professor at the Boston University School of Medicine, becomes the 16th editor in JAMA’s 127-year history. The journal is well known to consumers and medical professionals, given that its studies often make headlines, be they articles touting medical breakthroughs or editorials criticizing the health-care system. Get the full story »
March 10 at 10:13 a.m.
Filed under:
Personnel moves,
Sports
By Becky Yerak
Chicago-based Monroe Capital LLC has hired investment banker Warren Woo, an owner in the National Hockey League’s Nashville Predators, as partner and as managing director of its recently raised $250 million investment fund. Get the full story »
March 10 at 10:04 a.m.
Filed under:
Autos,
Management,
Personnel moves
By Dow Jones Newswires
After just 14 months at General Motors Co., Chief Financial Officer Chris Liddell is leaving the automaker, possibly to pursue a job as a CEO at another company.
On Thursday, GM said Liddell would be replaced by Treasurer Dan Ammann, a former Morgan Stanley managing director, starting April 1. Get the full story »
March 9 at 11:33 a.m.
Filed under:
Chicago executives,
Insurance
By Dow Jones Newswires
Allstate CEO Tom Wilson. (2010 handout photo)
Allstate Corp. cut compensation for Chief Executive Tom Wilson by 11 percent to $9.3 million for 2010 as the insurer paid nothing under a bonus plan that measures performance over a three-year period.
The company also missed seven of 12 targets set up to gauge executive performance last year, and a separate one-year bonus was less than the target amount set by the compensation committee of Allstate’s board of directors. Still, the one-year bonus rose 12 percent from the year-earlier payout as results improved at Allstate’s life insurance operation. Get the full story »
By Reuters
Bernard Dan, who headed the Chicago Board of Trade until its 2007 takeover by CME Group Inc., will help guide NYSE Euronext’s co-owned clearinghouse as it takes on the CME later this month.
Dan, currently president of Chicago-based trading firm Sun Holdings LLC, joined the board of New York Portfolio Clearing as an independent director, the clearinghouse said Wednesday. Get the full story »
March 8 at 3:58 p.m.
Filed under:
Chicago executives,
Pharmaceuticals
By Reuters
Baxter International Inc. Chief Executive Robert L. Parkinson Jr. received compensation valued at $11.5 million in 2010, down 20 percent from the prior year amid a sharp reduction in his annual bonus and a tumultuous year for the medical-products company. Get the full story »
March 8 at 2:53 p.m.
Filed under:
Chicago executives,
Media,
Updated
By Becky Yerak
Mesirow Financial Chief Executive James Tyree, who has been battling cancer, was recently hospitalized with pneumonia.
“They are treating his infection and he’s feeling stronger every day,” Mesirow President Richard Price said in an e-mail to workers Tuesday. “Doctors generally expect some side-effects and complications during an aggressive chemotherapy regimen.”
Tyree, who also heads Sun Times Media, had suffered from diabetes for years and had a transplant operation a few years ago. Get the full story »
