Power Lunch: John Lynch
Over a Caesar salad, the former New Hampshire governor describes his unusual trajectory from a Wall Street turnaround expert to the best coach his children ever had to the state’s longest-serving governor. When he left the job in 2012 after serving eight years as governor of New Hampshire, John Lynch became the only governor in the state’s history to serve four terms. In fact, only two other governors have served even three terms. If...
Mascoma Savings Bank CEO Announces Retirement Plans
Lebanon — Stephen Christy, longtime president and CEO of Mascoma Savings Bank, has announced his retirement, effective Jan. 1, 2017. Christy, who was named 2014 community banker of the year by the New Hampshire Bankers Association, joined the bank as a teller in 1973 and rose through the ranks, taking the helm in 1990. He saw the mutually owned bank through a series of unprecedented changes, including global financial crises, the...
Women Are Out-Earning Men in Corporate Finance
Women may be badly outnumbered in the top ranks of corporate America, but at least they aren’t underpaid. Compensation for female chief financial officers at S&P 500 companies last year outpaced that of their male counterparts, according to an analysis by executive compensation firm Equilar and the Associated Press. It follows a similar trend seen with female CEOs in recent years. The median pay for female CFOs last year rose...
Dow’s Survivor CEO Closes on Elusive Deal
There was the ill-timed merger that nearly sank Dow Chemical Co. with too much debt. Before that there was the time two trusted lieutenants plotted in secret to sell the company. And more recently, there was unwanted attention from a notorious Wall Street activist. Yet despite the tribulations faced by Dow over the past decade, its chief executive officer, Andrew Liveris, has survived to close the deal that had eluded him for almost a...
CEOs Make 200 Times More Than Workers
Earlier this month, the Securities and Exchange Commission approved a rule that will require companies, starting in 2017, to disclose a simple calculation: At what multiple is the chief executives’ compensation vs. the median-compensated worker. It’s a concept many in Corporate America have loved to hate ever since it was first included in the Dodd-Frank financial reform law back in 2010. For one, they say, it will be an expensive and...
