Home » Archive by category "Business Ideas"

Gloria Ray earned at least $7.50 for articles written about the cancellation of the Honda Hoot among bonuses she received for national and regional publicity about Knoxville.

Though $7.50 may not seem to be much, the bonuses do add up, according to Knoxville Tourism and Sports Corp. records.

In 2008-09 she received a $5,250 media coverage bonus. In 2009-10, Ray’s media coverage bonus was $6,713.

That bonus leapt to $16,613 in 2010-11.

Ray’s bonus packages as president and CEO of KTSC gave her money for various mentions of Knoxville, the Women’s Basketball Hall of Fame and KTSC. The media coverage bonuses were part of annual bonus packages worth roughly $100,000 each year.

Some of the notable coverage that earned Ray money:

In 2008-09, a German motorcycle rental company mentioned Knoxville on its website as a point of departure for a “Whiskey & Blues” tour of the South.

Full story…

Tags: Bonus

The new Greater Colorado Springs Chamber and EDC doesn’t have a permanent office, a single telephone number or a unified website.

But on Wednesday, the merger of the Greater Colorado Springs Chamber of Commerce and Colorado Springs Economic Development Corp. becomes official — with the hiring of a full-time CEO about to take center stage.

A search committee for the Chamber and EDC expects to have four to six finalists in town Monday, with interviews taking place Feb. 7, said Doug Quimby, the group’s board chairman, search committee co-chair and interim CEO. By the end of February, and possibly sooner, a CEO is expected to hired, he said.

About 100 applications are being reduced to eight to 12 candidates; current Chamber of Commerce CEO Dave Csintyan is among those on that short list, Quimby said. Csintyan now will be considered for the list of four to six finalists, Quimby said.

“I can’t tell you how many of those four to six will be local and how many of those four to six will be out of town,” Quimby said. “I can tell you there are good local candidates, and I would expect there will be at least one local candidate within the finalists, and maybe more.”

Csintyan couldn’t be reached for comment.

How soon a CEO comes on board after the hiring will depend on whether the new executive is local or must relocate, Quimby added.

The CEO search is the highest-profile first step for the newly merged organization.

More than 20 years ago, the chamber and EDC operated as a single group, but split in 1991 over differences that stemmed in large part from the direction of job creation efforts. Since then, the EDC operated as the area’s primary jobs-generating organization, while the chamber represented the interests of local businesses.

Last year, area business people and community leaders began talking merger as a way to improve the local economy. Some of those civic leaders and business people liked what they saw while on a visit to Oklahoma City, Okla., where a single organization has been credited with helping to boost that city’s business climate.

The Chamber and EDC have completed or are working to finalize the coordination of employee policies and benefits, the combination of payrolls, the establishment of one accounting system and the creation of a membership roster, Quimby said.

No staffers have been laid off as a result of the merger; the new CEO will analyze the organization to determine whether changes might be warranted, Quimby said.

For now, the Chamber and EDC staffs will continue working in their separate offices until a new downtown headquarters is selected, he said. Depending on how much remodeling might be needed, the new group might move in as early as March or as late as June or early July, Quimby added.

The new group also is looking to create a single website, office phone number and an organization logo, he said.

Contact Rich Laden: 636-0228 Twitter@richladen

Facebook Rich Laden

 

 

Tags: Wednesday

Yahoo’s latest financial results show the Internet company is still losing ground in the battle for online advertising.

The fourth-quarter breakdown announced Tuesday is the latest in a succession of ho-hum performances.

The company earned $296 million, or 24 cents per share, in the October-to-December period. That is down 5 percent from $312 million, or 24 cents per share, a year earlier. The earnings matched analysts’ estimates.

Fourth-quarter revenue dropped 13 percent from the previous year to $1.32 billion.

After subtracting commissions, Yahoo’s revenue totaled $1.17 billion. That was $20 million below analyst projections.

It’s the 13th straight quarter that Yahoo’s net revenue has declined from the prior year.

Yahoo Inc. recently hired former PayPal executive Scott Thompson as CEO in its latest attempt at a turnaround.

Full story…

POCATELLO, Idaho — Eastern Idaho leaders say they’re still working to find a new purpose for the J.R. Simplot potato processing plant in Aberdeen.

The Simplot company announced last fall that it would close the plant in 2014, eliminating about 290 jobs.

Former Pocatello Mayor Roger Chase told the Idaho State Journal that the importance of the plant to the town of less than 2,000 people can’t be overstated.

Chase is one of several working on the issue. He says the first step is for workers to keep doing a good job at the plant in the hopes that Simplot will decide to keep the business open. Officials are also talking with Idaho State University to see if there are classes they can bring to Aberdeen to teach new job skills.

Freedom Award deadline Monday

Guard and Reserve members have one week left to nominate their employers for the 2012 Secretary of Defense Employer Support Freedom Award.

The deadline is Jan. 16.

The annual award is the Defense Department’s highest recognition for civilian employers. It was established in 1996 to honor employers who provide exceptional support to Guard and Reserve members.

Nominations can be made online at .

Previous Tennessee winners of the Freedom Award include Lochinvar Corp., Franklin’s Printing, and Dollar General Corp.

ORNL-UT joint appointment announced

Professor Edgar Stach is the first faculty member of the College of Architecture and Design at the University of Tennessee to receive a joint appointment with the Oak Ridge National Laboratory and the university, the university announced.

Stach will research and develop technologies and methods to achieve cost effective, energy-efficient applications for high-performing retrofitted and new buildings.

Stach will have access to the Building Technologies Research and Integration Center at ORNL and will be expected to take advantage of collaborative opportunities between the university and the laboratory.

Full story…

Pages:1234567...20»