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Sacramento developer Kolokotronis files for bankruptcy
Sacramento real estate developer Sotiris K. Kolokotronis filed for personal bankruptcy Friday, listing debts of more than $130 million and assets of $3.2 million.
Concurrent with the filing, his bankruptcy attorney Walter Dahl issued a news release that said Kolokotronis’ continuing dispute with an investment firm triggered the filing.
Feats of Clay competition canceled
Feats of Clay will not make it to its 25th year.
Feats of Clay XXV had been scheduled this year for April 28 through May 27. But it appears the show will not go on.
The national ceramic arts and sculpture competition was a regional draw, as the art was displayed inside the massive honeycomb kilns at the Gladding McBean terra-cotta factory in Lincoln.
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CEO Meg Whitman got $16.5M HP pay package
Despite being one of the Silicon Valley tech chief executive officers getting $1 a year in salary, Meg Whitman got stock options when she took over at Hewlett-Packard Co. last year that brought her total compensation to an estimated $16.5 million.
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Micron Technology CEO dies in plane crash
Steve Appleton, the chairman and chief executive of Micron Technology Inc., died in a small plane accident in Boise, Idaho, Friday morning. He was 51.
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Sacramento names operators interested in arena parking bid
The city of Sacramento released a list of the 13 teams that responded to its request for potential bidders on its parking operation.
On Thursday, the city said it had garnered interest from 13 parking operators, but the city said it wanted to have initial conversations with respondents before releasing the names of the operators.
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CalPERS wants Apple to change selection of board
California’s huge public pension fund wants to put pressure on Apple Inc. change the way it elects candidates to its board of directors.
The California Public Employees’ Retirement System is trying to drum up shareholder support for its proposal to have unopposed board candidates elected by majority vote.
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Top of the List: Private employers
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Top of the List: Publicly held companies
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ED GOLDMAN: Secrets of a model scout
Amber Raves, Part One — “Creative people sometimes have a hard time realizing they have to become CEOs of themselves,” Amber Collins says after shimmying and gliding into a chair.
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Sacramento power-grid operators top pay list
A new national analysis of salaries finds that power distributors and dispatchers in Sacramento earn the biggest paychecks among so-called production workers in California.
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Judge blocks Medi-Cal rate cuts to providers
A federal judge has blocked California’s attempt to cut Medi-Cal rates to doctors, dentists, pharmacists and other Medi-Cal providers by 10 percent.
U.S. District Court Judge Christina Snyder granted a preliminary injunction Tuesday that prohibits the state from implementing the cut, which is part of a budget fix adopted by the California Legislature last March.
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Highest sales pay in Sacramento? Sales engineers
A certain segment of sales might be a good gig. Sales engineers make the most money in the Sacramento region at $109,780. That covers about 630 employees, according to an On Numbers analysis of U.S. Bureau of Labor Statistics data.Feed: Sac Bus Journ
EEOC gets record number of complaints; many were retaliation
The U.S. Equal Employment Opportunity Commission received a record 99,947 charges of employment discrimination in fiscal 2011 and obtained $455.6 million in relief through its administrative program and litigation, according to new data released by the agency.
A total of 5.4 million individuals benefited from changes in employment policies last year due to EEOC enforcement programs.
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Sacramento region loses online job postings
The Sacramento region continues to lag behind the state and nation when it comes to job creation, new figures on online job postings show.
The state and the nation gained job postings in January, while the four-county Sacramento area lost 400, according to the monthly online jobs report by The Conference Board.Feed: Sac Bus Journ
Survey results: Many say U.S. is in decline because of rules, taxes
Our Business Pulse Survey this week asked: Is the United States in decline?
Out of 507 votes cast, a majority, 57 percent, voted to say yes, rules and taxes are killing our economy. Also on the yes side, a scant 2 percent voted to say our country’s military power is slipping.
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American Airlines parent reportedly will cut up to 15K jobs
Tom Horton, chief executive officer of embattled AMR Corp., told employees Wednesday that the company must reduce its employee-related costs by $1.25 billion per year if it is to emerge from bankruptcy a stronger company.Feed: Sac Bus Journ
Wells Fargo leapfrogs Bank of America in brand value
Wells Fargo's brand is now more valuable than Bank of America's.
New ranking released Wednesday show Charlotte-based BofA dropped to third place in 2011 from first in 2010 in The Brand Finance Banking 500 rankings.San Francisco-based Wells Fargo improved to second place from third.Feed: Sac Bus Journ
Controller: California will run out of cash March 1
California will run out of cash on March 1 and will be $730 million in the hole a week later, said Controller John Chiang in a letter to state legislators.
The “liquidity shortfall” Chiang describes will likely last about seven weeks, from Feb. 29 to April 13.Feed: Sac Bus Journ
ED GOLDMAN: Readers cheer and chide
Quibbles and Bits — Time once again to sweep out some cyber cobwebs. I beg your indulgence.
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UC Davis study: Companies see financial benefit from disclosing green strategies
Green is a new driving force behind business. Consumers want to be assured they’re making the right choices, even as companies meet standards. And now a study finds that companies that plug their emissions strategies saw a financial benefit when they saw stock prices rise.
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