Table of Contents August 2014
The suitcase CEO
How N.C. can Charlotte-based Extended Stay America be when its chief executive lives in Washington state?
By Spencer Campbell
Eighteen years ago, Jim Donald got his first shot at CEO when he became president and chairman of Pathmark Stores Inc., a 143-supermarket chain with $4.1 billion of annual sales. He had spent most of his career running grocery stores — known for his knack of pinpointing problems in them — so on his first day on the job he visited a few of Pathmark’s near its Woodbridge, N.J., headquarters. He started at a Newark location at 1:30 a.m. “Welcome,” a sign near the entrance read. “We’re glad you’re here.” The razor-wire fencing said otherwise. Inside, an employee was stocking cereal. Donald, often described as charming and personable, asked how he was doing. “What the eff is it to you?” came the reply. click here to continue reading
Tower of power
The landmark Reynolds Building is the latest piece of the tobacco empire developers want to renovate.
Go with the gut
Investors show an appetite for companies on our list of the Top 75 publicly traded based in North Carolina.
A money manager forsakes a career in high finance to spend his days wading in the muck as an oyster farmer.
By Edward Martin
Fledgling oyster farmer Chris Matteo quit a job managing money to spend days knee-deep in mud and water on Chadwick Creek, near Bayboro on the Pamlico Sound. “Actually, it feels more like I’m playing hooky or goofing off.” But he has not lost his eye for a potentially winning investment. With diners demanding more oysters, Matteo, 40, is joining a half-dozen or so farmers raising shellfish in the nation’s second-largest estuary system. click here to continue reading