2005-03

Article Title Issue

Buyer wants bank to charter his course

Steve Johnson started Atlanta-based NetBank, one of the first to do business only online, in 1997. He’s still a director, and it has nearly $6 billion in assets.
2005-03

Colleges win when fans wear out their welcome

In a couple of weeks, UNC Chapel Hill, Duke, N.C. State and Wake Forest, among others, will square off at the Atlantic Coast Conference basketball tournament. Television announcers will blather on about what’s at stake: better seeding in the National Collegiate Athletic Association tournament for the Heels, Devils and Deacons, an invitation to postseason play and similar riches for the Pack.
2005-03

Dell pickle

Maybe the outcome was inevitable. On one side stood Mike Easley, governor of a state battered by the loss of tens of thousands of manufacturing jobs. On the other was Dell Inc., the world’s leading computer maker, famous for tightfisted cost control.
2005-03

Event cinches deal with belt he made

Grant Dial took a gamble in 1976. The Maxton native, a Lumbee Indian, quit college about a semester before graduation. At 24, he believed his future was in making and selling jewelry.
2005-03

Ex-judge wants state to break with incentives

Bob Orr laughed recently when he found a cat collar with a bell in his office. It was a gag gift from a group he had addressed. In his speech, he recited the fable about a colony of mice that cheered when one suggested they bell their nemesis to keep the feline from sneaking up on them. But when the call went out for a volunteer, they scurried back in their holes.
2005-03

He wore it well

Frank Jr. called to tell me Derick had died. He thought I’d want to know. The obituary that ran in The Miami Herald the next day began: “Derick Daniels, a distinguished newspaper editor and executive whose penchant for fine living and even finer women boded him well as president of Playboy Enterprises during the late 1970s ... ” Lung cancer. He was 76.
2005-03

His borders break boundaries in decor

John Ham is trying to relax. But he has been busy since his company, Huntersville-based Cultural Hangups Inc., hit the big time. In November, home-improvement giant Lowe’s began carrying two of its ethnic-themed wallpaper borders in 304 stores nationwide.
2005-03

Mission possible

They warned him: We don’t like monopolies, and if you create one, we’ll hold your feet to the fire. As if to make sure he got the message, the U.S. Department of Justice sent federal agents to search his computer hard drives.
2005-03

New CEO won't do an Enron on Krispy

A few weeks into 2005, Krispy Kreme Doughnuts directors followed a New Year’s resolution that investors had long been wanting them to make: Boot CEO Scott Livengood. The Winston-Salem-based doughnut maker’s shares had fallen from about $50 in August to less than $10.
2005-03

Pulling strings

Charlotte’s Elizabeth neighborhood took root in the horse-and-buggy 1890s, but now cars on their way downtown flash past the old houses along shady East 7th Street. In one of those houses, though, time is marked on a different clock.
2005-03

Sale sinks hopes of golf-club members

Members of a Southern Pines golf club who have feuded with its management for four years thought they would get a break when the club was auctioned off after its owner declared bankruptcy.
2005-03

State panel exists under rule of flaw

When the 1995 General Assembly quietly empowered an obscure advisory board with unprecedented authority to slow or kill proposed rules, business lobbyists beamed with satisfaction.
2005-03

Taxpayer's bill of rights could fix fiscal wrongs

The state faces a projected billion-dollar budget deficit for the fiscal year that starts in July. A report by Barry Poulson argues that a taxpayer’s bill of rights would prevent such shortfalls.
2005-03