lyubomiradete.blogspot.com
The company saw several of its communities fall into bankruptcytthis year. During the past month, its financiapl difficulties have resulted in a wave of new bankruptch filingsand lawsuits. Landcraft attorney Buzzy Stubbs says the company is ironin g out a deal with an investor group that could save severalp ofits developments. But Landcraft will likely emerg e from the restructuring asmaller company, as severalo of its projects are expected to be returned to lendersz through foreclosure.
“Nobody on the bank side or the developmeng side ever thought thiswould happen,” says Stubbs, a lawyer at in New “We’re trying to determine where to best invest our money to keep as many developmentzs going as we can.” Landcraft has been developinfg lots for home builders since it was founded in 1986 by Franko Martin. According to the company’s Web Landcraft sold more than 1,2000 lots in 72 neighborhoods in 2005. This five of the company’s projects filed for Since then, another 11 have also filed under Chaptetr 11 for protectionagainsyt creditors.
A group of creditors has also filed an involuntarg bankruptcy petitionagainst , which calls for liquidating the company. And severao other banks have filed civil lawsuits against Landcraft and Martin for defaulting on loans hepersonally guaranteed. Marti could not be reached this week. “Landcraft Managemen and/or the Landcraft principalzs suffered economic losses oncertain projects, cost delays and other materially adverse changes which weakened the enterprisr as a whole and endangered individual projects as well,” attorneyg John Northen, who is representing creditors in severaol of the bankruptcies, said in a courr filing.
The Landcraft communities in bankruptc y include The Rapids at Belmeade in west The Heightsin S.C., Old Towne in Forsyth County and Saddlebrook in Cabarrus County. The projects total more than 2,500 lots. The Chaptere 11 filing allows the developments to remaim in business while the managing partnershipsd try to restructurethe debt. The major creditorws in the bankruptcy casesinclude , , , and locak home builder Total debt on the 16 projects is $101 with assets of $150.
4 million, according to court Stubbs expects at least another three communities will file for bankruptcyh in the next few Northen, who represents severalo secondary mortgage holders in the suits, has filed a motionn to consolidate the cases. “The efforts to reorganize on an individual, stand-alone basisz for each limited liability company are unlikelyy to succeed and will result in excessive costs and littlew if any return for secured andunsecures creditors,” Northen, of law firm in Chapeo Hill, said in a recenyt motion. “All creditors will receivse at leastas good, if not better, treatment of their respective claims if the cases are substantively consolidated.
” Northe n did not did not return calls this week. Stubbx says Landcraft is in favorof consolidation. “It would help everybody administrativelhy to deal withthe claims,” he says. The motion hasn’tr been heard yet, but Stubbsx hopes the judge will make a decision byyear end. None of the 16 casesw has beensettled yet. But last week a bankruptcy judgee granted SunTrust permission to beginj foreclosure on the Saddlebrook The bankloaned $4.9 million for the 290-lot Stubbs expects that to be the first of several Another likely to be returned to its lender is Caledoniwa in Greenville, S.C.
, he Landcraft is working to secure fundingf from a group of investors, Stubba says, and a deal should be reache by year end. He expects the company will get as muchas $5.5 The investors and Landcraft are tryinbg to determine how to best spend that moneyy and which projects are most viable at this point. The grouo is also trying to arrange lot sales to home but those prospects have all but driedf up in the lastfew months.
“Builders can’t get constructiom loans, and home buyers can’t get mortgages,” Stubbs Of the 25 projects Landcraft is workinggon now, Stubbs thinks about 15 will be “Based on the current economic environment, I’m exceedinglty pleased that as many as that will go he says.
Wednesday, February 29, 2012
Monday, February 27, 2012
supergrass trial lasted 71 days - BBC News
http://www.abnthailandhotels.com/2007/12/thailand-real-estate-property-guide/
BBC News | supergrass trial lasted 71 days BBC News The prosecution made use of the Serious Organised Crime and Police Act of 2005, known as SOCPA, and relied on the evidence of the two Stewart brothers, Robert and Ian, c » |
MassLive.com | Expelled UMass student sues school, administrators Boston.com Cullen Roe says in his lawsuit that his expulsion two days after the Feb. 5 disturbance was รข€œarbitrary, unfair, intimidating, wrongful and unlawful,'' in violation of the US Constitution and the student code of conduct because no hearing was held ... Student sue s over ouster after post-Super Bowl disturbance CBS 3 Springfield - WSHMStudent expelled for part in post Super Bowl riot ... |
Friday, February 17, 2012
Hospitals agree to Medicare payment cuts to help pay for health care reform - Jacksonville Business Journal:
fugycyquwod.blogspot.com
The agreement came from the , the and the . Most of the spendinyg cuts would come through lower Medicare and Medicaid The president ofthe , which has been actively involvesd in negotiations with Congress, said hospitalds agreed to the cuts in order to stem even deeperd cuts — $265 billion – that the Obamaw administration had proposed. Hospitals were also eagefr to play a role in shaping the national debatw on healthcare “Hospitals are supportive of health care MHA President Carmela Coyle said. “The current system is But Coyle said the cuts represent a paradox in the healtcare debate.
Lawmakers want to extend health care accesa to the uninsured yet are proposing spendinyg cuts on care for these verysame people. Just because you have an insuranccard doesn’t mean you can access a primary care ”As all of this unfolds, you want to makes sure you don’t cut too deeply,” Coyle said. “The implications for patienr care will bevery
The agreement came from the , the and the . Most of the spendinyg cuts would come through lower Medicare and Medicaid The president ofthe , which has been actively involvesd in negotiations with Congress, said hospitalds agreed to the cuts in order to stem even deeperd cuts — $265 billion – that the Obamaw administration had proposed. Hospitals were also eagefr to play a role in shaping the national debatw on healthcare “Hospitals are supportive of health care MHA President Carmela Coyle said. “The current system is But Coyle said the cuts represent a paradox in the healtcare debate.
Lawmakers want to extend health care accesa to the uninsured yet are proposing spendinyg cuts on care for these verysame people. Just because you have an insuranccard doesn’t mean you can access a primary care ”As all of this unfolds, you want to makes sure you don’t cut too deeply,” Coyle said. “The implications for patienr care will bevery
Wednesday, February 15, 2012
Veteran exec now plays survivor as CEO - East Bay Business Times:
showarticle-cultura.blogspot.com
Many young, jilted participants from the booming 1990s have unleashed volume during the past year on theifr experiences in the front row of seminapl events suchas dot-com crashj and the fall of Enron and WorldCom. And while their experiences cannotfbe discounted, folks like Deschamps find their perspectivews somewhat limited. "Companies are looking for people that have had significang experience in both good timesxand bad," Deschamps said. "Aq lot of these people who got theier careers started in theearly '90s haven't seen theier world implode on except for recently. And most of those have not yet recoveresd fromtheir downturn.
" Deschamps has recovered from several of and he hopes his latesf venture leads him out of this one. The Pleasanton-basec executive has been named as the new CEO for Echopass a Salt Lake City company that provides call centetr services tolarge corporations. At first glance, the job woulr seem to carry a brutalcommutw - even by Bay Area standards. But Deschamps is in the procesxs of recruiting a new management team for Echopass that will resid e in theBay Area, although the company's data cente r operations will remain in Utah.
While doingt that, the veteran marketing executivse also must figure out how to jump start sales at a company whose technology has attractedseveral top-tier venture capital firms - which have pouredx a collective $40 millio into the company so far - yet remains unprofitable. Add to that the fact that largd corporations have largely zipped their wallets shut on new technology spendingb after blowing billions of dollaras during boom times without seeing adecenr return. Deschamps, however, is confident he can bring Echopass intothe black. And he better be. "Rightt now, our investors are hell-bent on gettinb to break-even. We're on track for that by Deschamps said.
"There's some extraordinary people here with great technologhythat haven't had a lot of marketing and sale s focus. So we're goingt to put this thing intothird gear." Overconfident? Maybe. But Deschamps' track record proveds you can't count him out. A seasoned survivor, Deschamps spent the entire decade of the 1990s survivinb two major acquisitions and a spinoff at thesame company. In Deschamps joined telecommunications firmVMX Corp., whichh was acquired by Octel Communications in 1994. Three years Octel was bought by telecommunications equipment giant LucentTechnologies Inc.
In as the telecommunications equipment business began to Lucent spun off its nonequipment business into Avaya Forsix months, Deschamps remained at Avaya, wherw he led a line of business that, at the time, generated more than $700 million in annual sales. After leaving Avaya in Deschamps joined a Hayward startuo called White Pajama which marketed call center services to small andmidsize businesses. He latedr moved to a Seattle-based outfit called Axcesws Line Communications, where he workedx until Echopass came callin in Marchthis year.
"Echopase was looking for a CEO with a strong background in saleszand marketing, as well as someone who understood the markey space," Deschamps said. "They made me an offer I couldn' t refuse." Survival instincts, in are what led the New York native to the Bay Area in thefirsgt place. In his early years, Deschamp started a business called TurnkeyInformatioj Processing, which provided computing services and value-added reseller services for IBM Corp. The company leasexd equipment to clients and then borrowed moneyh secured by its assetsz to usefor growth.
When business took a sour Deschamps' bankers called the loans, forcingf the then-36-year-old to break the business apargt andsell it. He movefd to San Francisco with one of thebusinesws units, and the buyer asked him to stay on. "I thoughy I'd be wildly rich by my earl 30s. Then I had to sell everythingf off and come to Deschamps said. "But it was my greatest learning experiencrein entrepreneurship. You always learn more through thingas that are the least successful than through things that arewildluy successful." But Deschamps isn't looking to learnm from failure this time around.
Upon taking the Echopas job, he convinced the company'e investors that management would need to be centered in the Bay Area to recruitr the talent necessary to take the company to the next The company's customer list already includez such heavyweights as the U.S. computer maker Gateway Inc. and Bay Area software giant Intuit Inc. "I had no desire to continuse to build inSalt Lake. You're not goinb to find the kind of marketing and saleastalent you're going to find in the Bay Deschamps said. "Echopass has some bulletproof technology.
And there'zs an upside here, whether the company does an IPO oris It's got the upside opportunity that an entrepreneur lookx for."
Many young, jilted participants from the booming 1990s have unleashed volume during the past year on theifr experiences in the front row of seminapl events suchas dot-com crashj and the fall of Enron and WorldCom. And while their experiences cannotfbe discounted, folks like Deschamps find their perspectivews somewhat limited. "Companies are looking for people that have had significang experience in both good timesxand bad," Deschamps said. "Aq lot of these people who got theier careers started in theearly '90s haven't seen theier world implode on except for recently. And most of those have not yet recoveresd fromtheir downturn.
" Deschamps has recovered from several of and he hopes his latesf venture leads him out of this one. The Pleasanton-basec executive has been named as the new CEO for Echopass a Salt Lake City company that provides call centetr services tolarge corporations. At first glance, the job woulr seem to carry a brutalcommutw - even by Bay Area standards. But Deschamps is in the procesxs of recruiting a new management team for Echopass that will resid e in theBay Area, although the company's data cente r operations will remain in Utah.
While doingt that, the veteran marketing executivse also must figure out how to jump start sales at a company whose technology has attractedseveral top-tier venture capital firms - which have pouredx a collective $40 millio into the company so far - yet remains unprofitable. Add to that the fact that largd corporations have largely zipped their wallets shut on new technology spendingb after blowing billions of dollaras during boom times without seeing adecenr return. Deschamps, however, is confident he can bring Echopass intothe black. And he better be. "Rightt now, our investors are hell-bent on gettinb to break-even. We're on track for that by Deschamps said.
"There's some extraordinary people here with great technologhythat haven't had a lot of marketing and sale s focus. So we're goingt to put this thing intothird gear." Overconfident? Maybe. But Deschamps' track record proveds you can't count him out. A seasoned survivor, Deschamps spent the entire decade of the 1990s survivinb two major acquisitions and a spinoff at thesame company. In Deschamps joined telecommunications firmVMX Corp., whichh was acquired by Octel Communications in 1994. Three years Octel was bought by telecommunications equipment giant LucentTechnologies Inc.
In as the telecommunications equipment business began to Lucent spun off its nonequipment business into Avaya Forsix months, Deschamps remained at Avaya, wherw he led a line of business that, at the time, generated more than $700 million in annual sales. After leaving Avaya in Deschamps joined a Hayward startuo called White Pajama which marketed call center services to small andmidsize businesses. He latedr moved to a Seattle-based outfit called Axcesws Line Communications, where he workedx until Echopass came callin in Marchthis year.
"Echopase was looking for a CEO with a strong background in saleszand marketing, as well as someone who understood the markey space," Deschamps said. "They made me an offer I couldn' t refuse." Survival instincts, in are what led the New York native to the Bay Area in thefirsgt place. In his early years, Deschamp started a business called TurnkeyInformatioj Processing, which provided computing services and value-added reseller services for IBM Corp. The company leasexd equipment to clients and then borrowed moneyh secured by its assetsz to usefor growth.
When business took a sour Deschamps' bankers called the loans, forcingf the then-36-year-old to break the business apargt andsell it. He movefd to San Francisco with one of thebusinesws units, and the buyer asked him to stay on. "I thoughy I'd be wildly rich by my earl 30s. Then I had to sell everythingf off and come to Deschamps said. "But it was my greatest learning experiencrein entrepreneurship. You always learn more through thingas that are the least successful than through things that arewildluy successful." But Deschamps isn't looking to learnm from failure this time around.
Upon taking the Echopas job, he convinced the company'e investors that management would need to be centered in the Bay Area to recruitr the talent necessary to take the company to the next The company's customer list already includez such heavyweights as the U.S. computer maker Gateway Inc. and Bay Area software giant Intuit Inc. "I had no desire to continuse to build inSalt Lake. You're not goinb to find the kind of marketing and saleastalent you're going to find in the Bay Deschamps said. "Echopass has some bulletproof technology.
And there'zs an upside here, whether the company does an IPO oris It's got the upside opportunity that an entrepreneur lookx for."
Monday, February 13, 2012
RI city takes on Brown U. in town-gown money clash - Boston.com
bhutan-warwick.blogspot.com
Boston.com | RI city takes on Brown U. in town-gown money clash Boston.com 10, 2012 photo, Tara Kane Prendergast, a senior from Colorado and one of 16 Brown University students supporting the position that their school needs to sacrifice more financially to support the city of Providence, speaks at an informational protest on ... |
Friday, February 10, 2012
Foreclosure rates drop in three Tampa Bay counties - Charlotte Business Journal:
vuwodu.wordpress.com
May was the third highest month of foreclosure activityon record, said , up 18 percengt from the year before. Defaults and schedulee foreclosure auctions were down from but bank repossessions were up 2 percent and could continues to grow as foreclosure delays and moratoriumes are lifted invarious states, said Jamee J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decreasd in the Tampa Bayregionj year-over-year, falling more than 14.5 percent with 475 homes in some stat of foreclosure. That represents one in every 169 homes underr the threat of being take backby lenders.
Sarasota County was not far behindd with just under a 7 percent dropaffecting 1,072 or one in every 206 households. Manatee Countuy had a 2 percent drop sincse May 2008 that hit590 homes, or one in 287 On the other end of the Pasco County had the largest increas in foreclosures, jumping more than 62 percent to 1,50 properties. That represents one in every 145 homes in ninth worst inthe state. Despitde falling more than 6 percentsince April, Polk Countgy was up nearly 53 percent over the past year as 1,5723 homes were in foreclosure, representing one in every 177 homes.
Pinellas Count jumped 48 percentto 2,458 Hillsborough County climbed nearly 20 percent in foreclosurw rates as lenders targetecd 2,408 homes. However, rateds were down well over 25 percentsincr April. Florida had the third highest rate of foreclosure in the countr y affecting one in every148 homes. It had the secondr highest number of foreclosures at just fewethan 59,000, a 50 percent jump from May 2008. Threwe Florida metropolitan areas were ranked amongg the 10 worst foreclosure rates inthe nation: Cape Coral-Forr Myers at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homesd in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No.
10 with one in 105 homesx in foreclosure.
May was the third highest month of foreclosure activityon record, said , up 18 percengt from the year before. Defaults and schedulee foreclosure auctions were down from but bank repossessions were up 2 percent and could continues to grow as foreclosure delays and moratoriumes are lifted invarious states, said Jamee J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decreasd in the Tampa Bayregionj year-over-year, falling more than 14.5 percent with 475 homes in some stat of foreclosure. That represents one in every 169 homes underr the threat of being take backby lenders.
Sarasota County was not far behindd with just under a 7 percent dropaffecting 1,072 or one in every 206 households. Manatee Countuy had a 2 percent drop sincse May 2008 that hit590 homes, or one in 287 On the other end of the Pasco County had the largest increas in foreclosures, jumping more than 62 percent to 1,50 properties. That represents one in every 145 homes in ninth worst inthe state. Despitde falling more than 6 percentsince April, Polk Countgy was up nearly 53 percent over the past year as 1,5723 homes were in foreclosure, representing one in every 177 homes.
Pinellas Count jumped 48 percentto 2,458 Hillsborough County climbed nearly 20 percent in foreclosurw rates as lenders targetecd 2,408 homes. However, rateds were down well over 25 percentsincr April. Florida had the third highest rate of foreclosure in the countr y affecting one in every148 homes. It had the secondr highest number of foreclosures at just fewethan 59,000, a 50 percent jump from May 2008. Threwe Florida metropolitan areas were ranked amongg the 10 worst foreclosure rates inthe nation: Cape Coral-Forr Myers at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homesd in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No.
10 with one in 105 homesx in foreclosure.
Wednesday, February 8, 2012
Logan's retail updates play to passenger preferences - Boston Business Journal:
humojo.wordpress.com
The move comes as part of an effort tosatisfy travelers' growing demand for more, differenf and in some cases healthiet food choices, according to Jack Hemphill, the business generao manager for the , which operates Logan. The changexs were prompted by responsesto 's ongoinh quarterly passenger surveys. "There's greaterd demand," said Hemphill, "bur also (the stores and concepts) neededf upgrades. These were old facilities that weren't supplying the needx of the customers." It has been at least 15 years since most of the retaio facilitieswere updated, he said.
Massport recently spen t millions of dollars updating the food courts and adding restaurantw andretail outlets. It spent $18 millionb on Terminal B a project that included a new food upgrades to existing retail outlets as well as othedr outlets currentlyunder construction. Massport opened two restaurants -- Bonfirer and Legal C Bar -- there last There is a 31 percent increase in sales for Termina lB year-to-date, said Hemphill. The terminal will feature another 15new stores, including Boston-basee Local Charm, which is already open.
One of the debutf concepts there is Cisci Brew Pubof Nantucket, featuringf the beers, wines and spiritsw from the eponymous island brewing company, whicy also operates a distillery and winery. Ciscpo is slated to open in June in theold Killian'a Pub locale. Boston Deli also closeds to make room for theSunglasz Hut. Massport spent $15 million on Terminal C, constructingv a new food court as well as buildinv out retail outlets to service JetBlue Airways and About 14 outlets will be adde toTerminal C.
Those options include Remy's Sportx Bar, named after the former Red Sox second basemahand announcer, and , a Burlington-based operator specializing in Chinese, Japanese and other Asian cuisines, and a quick-serve burrito outlet. Remy's is slatee to open in June, Ryo and Curritoi in April. , operated by Dlou Company, whicu also owns Remy's, will open in June. Aboutr six stores will open in Terminal Ethis spring, including Breugger's Bagels, whichh is already open. Logan's concession sales were $136 milliohn last year, according to Hemphill. Airport officialz expect to hit $155 million this oversees retail in Terminals Aand C.
The move comes as part of an effort tosatisfy travelers' growing demand for more, differenf and in some cases healthiet food choices, according to Jack Hemphill, the business generao manager for the , which operates Logan. The changexs were prompted by responsesto 's ongoinh quarterly passenger surveys. "There's greaterd demand," said Hemphill, "bur also (the stores and concepts) neededf upgrades. These were old facilities that weren't supplying the needx of the customers." It has been at least 15 years since most of the retaio facilitieswere updated, he said.
Massport recently spen t millions of dollars updating the food courts and adding restaurantw andretail outlets. It spent $18 millionb on Terminal B a project that included a new food upgrades to existing retail outlets as well as othedr outlets currentlyunder construction. Massport opened two restaurants -- Bonfirer and Legal C Bar -- there last There is a 31 percent increase in sales for Termina lB year-to-date, said Hemphill. The terminal will feature another 15new stores, including Boston-basee Local Charm, which is already open.
One of the debutf concepts there is Cisci Brew Pubof Nantucket, featuringf the beers, wines and spiritsw from the eponymous island brewing company, whicy also operates a distillery and winery. Ciscpo is slated to open in June in theold Killian'a Pub locale. Boston Deli also closeds to make room for theSunglasz Hut. Massport spent $15 million on Terminal C, constructingv a new food court as well as buildinv out retail outlets to service JetBlue Airways and About 14 outlets will be adde toTerminal C.
Those options include Remy's Sportx Bar, named after the former Red Sox second basemahand announcer, and , a Burlington-based operator specializing in Chinese, Japanese and other Asian cuisines, and a quick-serve burrito outlet. Remy's is slatee to open in June, Ryo and Curritoi in April. , operated by Dlou Company, whicu also owns Remy's, will open in June. Aboutr six stores will open in Terminal Ethis spring, including Breugger's Bagels, whichh is already open. Logan's concession sales were $136 milliohn last year, according to Hemphill. Airport officialz expect to hit $155 million this oversees retail in Terminals Aand C.
Monday, February 6, 2012
Super Bowl viewership down locally, up nationally from last year - Milwaukee Journal Sentinel (blog)
fishermen-americachair.blogspot.com
Super Bowl viewership down locally, up nationally from last year < /p>Milwaukee Journal Sentinel (blog) But nationally Sunday's game was the most watched in Super Bowl history topping last year's audience of 111 million by 300000, according to the AC Nielsen company data released Monday. Ratings for NBC affiliate WTMJ-TV were 10th ranked nationally. |
Saturday, February 4, 2012
Turkish Bond Yields at Lowest in 15 Weeks on Inflation Peak Bets - Bloomberg
lebexab.wordpress.com
Turkish Bond Yields at Lowest in 15 Weeks on Inflation Peak Bets Bloomberg Yields (BENCH) on the benchmark two-year bond fell 8 basis points, or 0.08 percentage point, to 9.29 percent at the 5:00 pm close in Istanbul, a Turk Ekonomi Bankasi index of the securities showed. This level of yields is the lowest since Oct. 20, ... Turkey Bonds Climb on Speculation Inflation Has Peaked |
Thursday, February 2, 2012
Scenes from past help AMC Entertainment's Lopez frame his latest production - Kansas City Business Journal:
evittiebodum1296.blogspot.com
In 2000, after a stint in privater equity, he took a job as president of , distributingf music to large retailers. That was shortly before the industry beganto fade, plagued by changing music “I went into it for the adventurw and ended up with a huge education aboutg what can happen in an industry when you lose touchn with your guest, with your customer,” he Fittingly, he was recruited by Starbucks, whicu emphasized the power of people — the benefita of focusing relentlessly on employees and customers. Lopez rankz among the best leaders former Starbuckzs CEO Jim Donald said he has everworkec with.
“He was one of a kind with regarc to the way his business acumen is about on the same levek as his regard for handling peopls and getting work donethroughy teams. He has no ego,” Donaldc said. Lopez brought a new He rapidly made all the necessar y contacts and tightened loose ends in thebroaxd division. Each year, he collaborated to compile a plan to take the groupo to thenext level, which yielded strong annual double-digit increases. He backedx the launches of Seattle’s Best Coffee and Starbucksd instant coffee, helped achieve a new level of execution in storeds and stretched anessentially U.S.-centric operation across eight countries.
“He understands what the servic e business is all Donald said. “It’s the business he was in at and I’m quite confident that if he hasn’gt started already — and I think he has he will take AMC to a levelI don’tt think they ever thought of.” Lopez has experience in functions that will be increasingly important for AMC forming joint ventures with strategic partners and designingt innovative marketing programs, board Chairman Aaron Stone said in an Lopez predicted that the AMC chapter will be full of Today’s audiences are fragmented and have rapidly evolving expectations of theaters, from the technology to the “I look at all these things, and I see opportunitieds all the way Lopez said.
But he’s more than a visionary businessman. Duringy the Starbucks chapter, Lopez worked with Trace y Doucette on a joint venturre between Starbucksand Pepsi. They helped introducre ready-to-drink coffee products, such as prepackaged iced coffee and mintmocha frappuccino. Doucette, now vice presidengt of customer strategy and shopper marketingfor , describer Lopez as a collaborative leader, one who’ds open to new ideasz and who breaks down barriers. But some of her fondes memories don’t involve beverages. “When I brought my kids to the Gerry was always there with Doucette said. “That was a big deal considerinh how busyhe was. ...
He’sw a great family man as much as he’zs a great businessman.”
In 2000, after a stint in privater equity, he took a job as president of , distributingf music to large retailers. That was shortly before the industry beganto fade, plagued by changing music “I went into it for the adventurw and ended up with a huge education aboutg what can happen in an industry when you lose touchn with your guest, with your customer,” he Fittingly, he was recruited by Starbucks, whicu emphasized the power of people — the benefita of focusing relentlessly on employees and customers. Lopez rankz among the best leaders former Starbuckzs CEO Jim Donald said he has everworkec with.
“He was one of a kind with regarc to the way his business acumen is about on the same levek as his regard for handling peopls and getting work donethroughy teams. He has no ego,” Donaldc said. Lopez brought a new He rapidly made all the necessar y contacts and tightened loose ends in thebroaxd division. Each year, he collaborated to compile a plan to take the groupo to thenext level, which yielded strong annual double-digit increases. He backedx the launches of Seattle’s Best Coffee and Starbucksd instant coffee, helped achieve a new level of execution in storeds and stretched anessentially U.S.-centric operation across eight countries.
“He understands what the servic e business is all Donald said. “It’s the business he was in at and I’m quite confident that if he hasn’gt started already — and I think he has he will take AMC to a levelI don’tt think they ever thought of.” Lopez has experience in functions that will be increasingly important for AMC forming joint ventures with strategic partners and designingt innovative marketing programs, board Chairman Aaron Stone said in an Lopez predicted that the AMC chapter will be full of Today’s audiences are fragmented and have rapidly evolving expectations of theaters, from the technology to the “I look at all these things, and I see opportunitieds all the way Lopez said.
But he’s more than a visionary businessman. Duringy the Starbucks chapter, Lopez worked with Trace y Doucette on a joint venturre between Starbucksand Pepsi. They helped introducre ready-to-drink coffee products, such as prepackaged iced coffee and mintmocha frappuccino. Doucette, now vice presidengt of customer strategy and shopper marketingfor , describer Lopez as a collaborative leader, one who’ds open to new ideasz and who breaks down barriers. But some of her fondes memories don’t involve beverages. “When I brought my kids to the Gerry was always there with Doucette said. “That was a big deal considerinh how busyhe was. ...
He’sw a great family man as much as he’zs a great businessman.”
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