Make us your home page
Instagram

The biz: An inside look at business people and issues

CEO sings about health care hire

Come October, Glenn D. Waters will succeed retiring Phil Beauchamp as president of Morton Plant Mease in Clearwater and head the organization's four acute-care hospitals, 7,300 employees and related health services. So says Stephen Mason, CEO of BayCare Health System, whose regional health care system includes Morton Plant. Waters now serves as chief operating officer of Moses Cone Health System in Greensboro, N.C., where he has worked for six years. And he's apparently got a sense of humor. A few years ago, in a community effort to raise more funds for the area United Way, Waters reportedly dressed as a long-haired Cher to accompany a Sonny played by Moses Cone's CEO.

Banking boss says FDIC spells security

Alex Sanchez has his own solution for avoiding the bad apples in the mortgage business: Do business with only an FDIC-insured bank. Of course, his opinion might have something to do with the fact that he's president of the Florida Bankers Association. Sanchez was reacting to recent media reports of people with criminal records working as mortgage originators. "I'm outraged that a Florida family would have to sit across the table from someone that's a scumball." He said people may not like it when a banker tells them they can't afford a loan. "But at the end of the day, I think people would rather hear that than 'We're sorry, but your mortgage broker is in jail and all your money is gone.' "

Analyst cites 'pure opinion' as suit defense

And in a final word on risky banks … Lutz-based stock analyst Dick Bove's report putting BankAtlantic in or near the "danger zone" for failure was pure opinion that he's entitled to express, he and his company said in a motion to dismiss a suit the bank filed against them. BankAtlantic sued Bove and Ladenburg Thalmann last month for defamation and negligence, claiming he misrepresented its financial condition because he analyzed numbers for the holding company instead of the bank. Bove's motion, filed Monday in Broward County Circuit Court, said the bank doesn't have legal grounds for its claim. Bove is known for stirring up controversy with his reports.

A call for more proactive regulation

Speaking of the FDIC, a recent Washington Post article quotes critics questioning the handling of some recent bank failures that resulted in unnecessary expenses for the FDIC's insurance fund. "In some of these cases, I believe regulators should act sooner than later to prevent future losses to the (FDIC insured deposit) fund," said longtime Floridian Ken Thomas, a lecturer in finance at the Wharton School at the University of Pennsylvania.

Former St. Joe boss gets back in swing

It's the end of an era at land-owning giant St. Joe. Co. with former CEO Peter Rummell exiting brief retirement to become CEO of the golfing business Nicklaus Cos. Rummell, saying he "flunked retirement," was lured back after a friend from New York Private Bank & Trust, the financial partner of Nicklaus Cos., called to ask his advice on the search for the Nicklaus CEO, says the Times-Union in Jacksonville, where St. Joe is headquartered. "We started talking about ideas, and the more we talked, the more I realized how compelling [the Nicklaus firm] would be," Rummell told the paper. He said the chance to work with Jack Nicklaus, winner of 18 professional major championships, was a big factor. "Jack is an icon," Rummell said. "His brand goes beyond golf."

Times Staff Writers

The biz: An inside look at business people and issues 08/16/08 [Last modified: Tuesday, November 2, 2010 11:40am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Kidpreneurs — and adults — capitalize on gooey, squishy Slime craze

    Retail

    First it was Play-Doh. Then Gak. There have been dozens of variations for sale of the oozy, gooey, squishable, stretchable kids' toy through the generations.

    Aletheia Venator and Berlyn Perdomo demonstrate the stretchiness of their slime. - Berlyn Perdomo and her friend, Aletheia Venator, both 13, make and sell slime which can be seen on their instagram site @the.real.slimeshadyy [JIM DAMASKE   |   Times]
  2. The last farmer of Florida's prized Zellwood corn is thinking of packing it in

    Consumer

    MOUNT DORA — Hank Scott steps out of his pickup between the long rows and snaps off an ear that grows about bellybutton-high on the forehead-high stalks.

    Hank Scott, co-owner of Long and Scott Farms, shucks an ear of corn on the farm in Mount Dora, Fla., on Wednesday, May 10, 2017. The farm specializes in Scott's Zellwood Triple-Sweet Gourmet Corn. LOREN ELLIOTT   |   Times
  3. Law firm's Russia ties prove nothing about Trump

    Business

    The statement

    "Law firm @POTUS used to show he has no ties to Russia was named Russia Law Firm of the Year for their extensive ties to Russia. Unreal."

    Sen. Chris Murphy, D-Conn., stands during a media availability on Capitol Hill, Monday, June 20, 2016 in Washington. A divided Senate blocked rival election-year plans to curb guns on Monday, eight days after the horror of Orlando's mass shooting intensified pressure on lawmakers to act but knotted them in gridlock anyway — even over restricting firearms for terrorists. (AP Photo/Alex Brandon)
  4. Pasco county lawyer disbarred for taking woman's money

    Real Estate

    NEW PORT RICHEY — The Florida Supreme Court on Thursday disbarred Pasco County attorney and former congressional candidate Constantine Kalogianis.

    The Florida Supreme Court on Thursday disbarred Pasco County attorney and former congressional candidate Constantine Kalogianis. 
[2016 booking photo via Pasco County Sheriff's Office]
  5. Rick Scott signs package of tax breaks

    State Roundup

    TALLAHASSEE — Gov. Rick Scott signed a tax cut package Thursday that — while vastly scaled back from what he wanted — eliminates the so-called "tampon tax" and offers tax holidays for back-to-school shoppers and Floridians preparing for hurricane season.

    Florida Governor Rick Scott signed a tax cut package that will cost state coffers $91.6 million during the upcoming year. [Joe Raedle | Getty Images]