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Two Discover Financial Services executives ended 2010 by selling nearly $4 million in stock of the Riverwoods-based credit card company.
On Dec. 20, President Roger Hochschild sold 100,000 shares for an average price of $18.26. On Dec. 27, Chief Financial Officer Roy Guthrie sold 115,000 shares for an average price of $18.50, according to Securities and Exchange Commission records. Get the full story »
Orbitz Worldwide Inc. named the former financial chief of Crocs Inc. to the same position at the online-travel company. Russ Hammer, who led the restructuring efforts at shoe maker Crocs, also held a variety of senior executive positions at Motorola Inc.. He replaces Marsha Williams, whose retirement was announced in June. Get the full story »
From Crain’s Chicago Business | Motorola Mobility, Motorola’s cell phone unit, reportedly has ruled out moving its headquarters to downtown Chicago. The company, which will split from the emergency-radio business Jan. 4, would keep its headquarters at its existing campus in Libertyville if it chooses to stay in Illinois, says a person familiar with the search. Get the full story>>
Tribune Co. Chief Operating Officer Gerry Spector, a long-time associate of real estate billionaire Sam Zell, is leaving the Chicago-based media company he has helped lead since Zell took it private three years ago.
McDonald’s promoted its vice president and general manager of the Indianapolis region to vice president of multicultural marketing.
Edgardo A. Navarro Linares will be responsible for the company’s strategic and ethnic consumer marketing efforts in the United States. Get the full story »
Former William Blair & Co. Managing Partner Edward “Ed” McCormick Blair, 95, died at his home in Lake Bluff on Dec. 22.
Blair was the son of William McCormick Blair, founder of William Blair & Co., a Chicago-based investment firm, and the great grandnephew of Cyrus McCormick, inventor of the McCormick reaper. Get the full story »
On one Sunday in December for the last seven years, about 300 children have gathered at the Four Seasons Hotel in downtown Chicago to decorate gingerbread houses.
It’s part of an annual holiday brunch to benefit Women in Need Growing Stronger, a nonprofit group that’s chaired by Rita Canning. Get the full story »
From Property Week | Mark Simms, an associate director from CB Richard Ellis who joined CBRE in April from Cushman & Wakefield, will join computer giant Apple’s property team.
Shoe maker Crocs said its Chief Financial Officer Russell Hammer resigned to head the financial team at a Chicago-based public company. Get the full story »
Discount carrier JetBlue Airways said Wednesday that it extended the employment agreement of President and Chief Executive Dave Barger by two years to 2015. Get the full story »
Urban Partnership Bank, the $1.4 billion-asset successor to the failed ShoreBank, has hired Maureen Bismark as its legal department’s new assistant general counsel. Get the full story »
Groupon has brought in a former Amazon.com Inc executive as its new chief financial officer, the discount coupon provider said.
Jason Child, a former vice president of finance for Amazon’s international business, took on the new role with Groupon on Monday. Get the full story »
Deerfield-based United Stationers Inc. announced Monday its chief executive will retire in May at the annual shareholders’ meeting. Richard W. Gochnauer will be replaced by P. Cody Phipps, the company’s president and chief operating officer. Get the full story »
General Growth Properties Inc. Chief Executive Officer Adam Metz and President and Chief Operating Officer Thomas Nolan will leave the company Dec. 22, sources familiar with the matter said on Friday.
The moves had been expected. Get the full story »
The Pritzker Group said it has purchased a Utah medical device company for an undisclosd sum from another local private investment firm.
The investment firm, which represents investment interests of Chicago’s Pritzker family, bought Clinical Innovations, a Murray, Utah-based maker of devices used in the care of women and their infants such as specialized catheters. Get the full story »
