Fourteen of the 19 companies in the Baltimore region that paid their CEOs at least $1 million last year reported increases in that compensation in 2010, according to a Baltimore Sun analysis. The increases largely reflected improved performance by the companies.
Blunders and outright misconduct by the companies servicing Americans' home loans are so common — and so difficult for homeowners to resolve — that the system is effectively broken, borrower advocates and an increasing number of regulators say.
Constellation Energy Group CEO Mayo A. Shattuck III and other top executives of the Baltimore company are eligible to receive more than $36 million in cash severance and previously-owned incentive awards if the proposed merger with Chicago-based Exelon Corp. is successful.
If Baltimore manages to build the $900 million convention center expansion and arena proposed for the Inner Harbor, business and civic leaders say, the city will join a growing list of destinations competing to woo lucrative convention business with bigger, better facilities.
The announcement this week that Chicago-based Exelon Corp. has struck a deal to take over Constellation came as something of a psychic blow. If the $7.9 billion deal is approved, and the parent of local utility BGE is absorbed , then Baltimore will lose its sole remaining Fortune 500 headquarters.
Unlike some Democratic governors and mayors, at least William Donald Schaefer had a dialogue with Maryland business leaders. If you can call a blistering, hold-the-phone-from-the-ear conversation a dialogue.
Constellation Energy Group Inc. reported Friday that Chief Executive Mayo A. Shattuck III's total compensation in 2010 was $15.7 million, a 44 percent increase from a year earlier because of an increase in pension value and deferred earnings the company attributed to an accounting change.