MORE CUTS AT JABIL?: Jabil Circuit Inc. is to release second-quarter earnings today amid mounting layoffs at the St. Petersburg electronics manufacturer. The company has refused to specify the number of jobs cut, but former workers indicated about 300 production jobs were cut Friday on top of 150 salaried positions and 300 production jobs cut earlier this month. Jabil has blamed the cuts on a sudden slump in demand.
SINK TO JOIN REPUBLIC BOARD: Republic Bank of St. Petersburg is adding former Bank of America Florida president Adelaide "Alex" Sink to its board of directors, the latest effort by Republic CEO Bill Klich to forge a comeback. Sink's name will be added to the slate of directors at Republic's annual meeting in April, expanding the board to eight. Republic, the largest bank based in the Tampa Bay area, has long struggled to recover from a disastrous experiment selling high-risk mortgages. Klich said Sink's appointment gives Republic a high-profile name as well as the experience that comes with running the largest Florida bank. Sink, 52, left Bank of America during a restructuring in July.
MCCOLL'S PAY DROPS: Bank of America chief executive Hugh McColl received $4.4-million in 2000, 94 percent less than what he was paid a year earlier. McColl, who is retiring next month, was paid a base salary of $1.5-million in 2000, up from $1.25-million a year earlier, according to a Securities and Exchange Commission filing. His bonus was unchanged at $2.5-million, and he received $370,848 in other compensation, including life insurance premiums, up from $319,442 a year earlier. In 1999, McColl received stock awards worth $44.7-million and options valued at $27.2-million.