Category: Latest Headlines

Latest Headlines

Hopping mad over scarce parking along the Highlands fun zone

News about Louisville’s major employers; updated frequently.

The parking space squeeze along Baxter and Bardstown roads has reached a tipping point as megasized microbrewer HopCat joins a surge of new restaurants and bars over the past decade; there are now 66 of them vs. 51 in 2005. (C-J.) Four more companies want to bring super high-speed Internet to the city. (WFPL.) In Whitesburg, Ky., a boutique moonshiner is battling the powerful University of Kentucky over commercial rights to a familiar name: Kentucky. (NYT) 

In other news, William Hamilton, a cartoonist known for skewering the rich and powerful in his New Yorker cartoons, died Friday in a car crash near his horse farm in Lexington; he was 76. (NYT.)

Latest Headlines

Former Papa franchiser gets Innocents home job; predecessor earned $273K

News about Louisville’s major employers; updated frequently.

PAPA JOHN’S: A former franchise owner of the pizza chain has been named CEO of the Home of the Innocents, which serves neglected and medically fragile children. Paul Robinson owned and operated 19 Papa John’s Pizza franchises in Florida, since been sold. His predecessor, Gordon Brown, is retiring. The agency didn’t say what Robinson would be paid; Brown got $273,000 in fiscal 2014, according to Guidestar’s latest tax return. Annual expenses were $31.2 million that year. The Home’s board of directors. Papa John’s itself has had a tough year; at $55, shares are down more than 9% vs. a 1% dip in the S&P 500. More Papa news.

GE‘s counter-punch against Democratic White House candidate Bernie Sanders deemed “ill-advised.” Sanders had slammed GE for tax avoidance as an example of corporate greed.

 

Latest Headlines

More than ever, local retailers are looking like toast

News about Louisville’s major employers; updated frequently.

AMAZON extends same-day delivery to Louisville — even on Sunday; details. The retail behemoth and big local employer also disclosed executive pay in a filing yesterday, once more revealing virtually all of CEO Jeff Bezos‘ compensation was the $1.6 million cost of his personal and corporate security. Amazon has 6,000 area employees.

KINDRED discloses golden parachutes for the top brass. More Kindred news.

YUM: Worth noting activist investor Corvex added another 1 million shares during the fourth quarter. Founder Keith Meister elbowed his way onto the board in October, when Corvex owned 3.6% of Yum. With the latest buy, Corvex is now No. 2, with 5%. Shares traded recently at $81.64; year-to-date gain: 12%. All major holders. Yum’s 15-member board. More Yum news.

In other news, A reviled former coal baron gets jail time.

Latest Headlines

Kindred’s Diaz paid $14.5 million last year, and ‘Mr. Social Security’ charged with fraud

News about Louisville’s major employers; updated frequently.

KINDRED paid former CEO Paul Diaz a princely $11.6 million in special compensation last year as part of his move to vice chairman; that boosted his total to $14.5 million vs. $6 million in 2014, the company said in an SEC filing yesterday. The hospital and nursing home giant also disclosed it paid $2.2 million to buy CFO Stephen Farber‘s home in exclusive Glenview out of concern for his family’s personal safety amid a high-profile property dispute with a neighbor, the filing says; WDRB’s got background. (We track exec pay at big employers.)

In other news, Eric “Mr. Social Security” Conn is charged with defrauding the Social Security Administration out of $600 million in disability payments in Eastern Kentucky.