Business briefs highlight leadership moves across firms
Gardner B Bates becomes manager of Keily- Springfield Tire Co public relations. John M Stewart Jr joins Prudential Insurance Amber Meadows office after high school grad and local sports activity. Barry L Smith advances to executive vice president at W B Doner Co. Hattie Scott named sales manager at Long & Foster Andrews Camp Springs. Martin L Stein named executive vice president at Melart Jewelers. Preston Scheffenacker named sales director Crestwood Village Frederick. B B Toley becomes president and CEO of East Texas Motor Freight. Will Hurwitz chairs Jewelers Liaison Committee for IG Council. Robert W Kinzie named VP finance and admin for COMSAT World Systems. First National Bank of Maryland announces multiple appointments. Chessie System Railroads public relations hires. Jiffy Lube Frederick attendee at Annapolis franchise convention. Roger J Cochetti joins COMSAT as manager of public relations. Merble H Martin retires from Prudential. William M Seard named FDIC chairman. Marty Hessian named Eastern U S sales rep for MP Industries.
MENTIONED IN THIS ARTICLE
Hattie Scott
Lothian
Andrews
Camp Springs
Long & Foster Real Estate
Martin L. Stein
Melart Jewelers
Melart
Washington Area
Preston Scheffenacker
Crestwood Village
Frederick
Baltimore
Ocean City
Annapolis
B. B. Toley
Refrigerated Transport Inc
Atlanta
Arthur Young & Co
Dallas
East Texas Motor Freight
Robert W. Kinzie
World Systems
Communications Satellite Corp
Comsat
Kinzie
Intelsat
Comsat World Systems
First National Bank of Maryland
Thomas J. Berenbach
Aaron E. Dock
Jeffrey S. Getty
Carolyn D. Gray
A. D. Smith
Sun Newspapers
Cleveland
Chessie News
Judith C. Nekvinda
Cleveland TV
Merble H Martin
Prudental Insurance Co. of America
William M. [Sear
Federal Deposit Insurance Corp
FDIC
Kentucky
Wisconsin
Marty J. Hessian
U.S
MP Industries
Hessian
Bethlehem Steel Corp
Shipbuilding Division
Bank officer pleads guilty in Wells Fargo embezzlement case
L. Ben Lewis a Wells Fargo officer who vanished after a massive embezzlement scheme pleaded guilty in Los Angeles on Monday admitting he conspired with boxing promoter Harold Rossfields Smith to defraud the bank. He testified he helped juggle internal accounts in a complicated scheme and also pleaded guilty to two related charges.
MENTIONED IN THIS ARTICLE
Los Angeles
Ben Lewis
Wells Fargo Bank
Harold Rossfields Smith
Lewis
Smith
Wells
Wells Fargo
U.S
Dean Allison
Allison
Contuelo Marshall
Larry Holmes
Tommy Hearts
Jose Pipino Cuevas
Marshall
Sammy Marshall
IRS steps up tip reporting guidance for service workers
The article notes rising tip income among waiters, hotel staff, and barbers, with the IRS promising stronger enforcement. Tips above $20 monthly require monthly employer reports. under $20 daily tip tracking suffices. IRS Publication 531 and Document 5635 aid reporting. The piece also covers a separate embezzlement case involving Wells Fargo and boxing promoter funds, detailing plea arrangements and potential penalties.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Baltimore
Washington
D.C
Montgomery
Prince George's
Maryland
TRS
Coca Cola ends boycott with user, 30 million pledge
The Coca Cola boycott ends after civil rights leaders Jackson and Keough reach a deal. Coke will boost black involvement in eight areas, appoint 32 black owned distributors, double black press ads to 2 million, add a black director candidate within six months, and aim for 12.5 percent black management and all blue collar hires within a year.
MENTIONED IN THIS ARTICLE
Atlanta
Coca Cola Co
Jesse Jackson
People United To Save Humanity
Coca- Cola
Donald Keough
Jackson
Coke
Coca-Cola
Video Den pioneers tape sales in Frederick
The Video Den at Snyder's Music Store in the Francis Scott Key mall aims to become the area’s largest video sales and rentals site. John R. DeMeza Sr. says the shop, open since February, stocks 300 tapes with plans for 500, offers VHS and Beta, exchanges tapes, and operates 10 a.m. to 9:30 p.m. weekdays, with Sundays free for renters. The store attracts customers from surrounding states and plans to expand to Hanover, Hagerstown, and Salisbury while offering consultation for new tape ventures. Call 694-0777 or 831-9161 for tapes and memberships.
MENTIONED IN THIS ARTICLE
Robert DeMena
John A. DeMeca Sr
Video den
Snyder'n Music
Francis Scott Key Mall
Frederick
DeMexa
John R. DeMeza Sr
Snyder's Music Store
DeMeza
West Virginia
Virginia
Pennsylvania
DeMets
Hanover
Hagerstown
Salisbury
Air strike boosts insurance sales at major airports
Mutual of Omaha reports a sharp rise in flight insurance sales at O’Hare in Chicago and Los Angeles International Airport, tied to a controller strike. Len Tondl says Light insurance volume increased about 35 percent at O’Hare and 25 percent at LAX over the past week. The firm notes it is the world’s largest flight-insurance seller. exact totals were not released. Alaska pipeline data show a 1.5 million barrel per day average in 1980.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Mutual of Omaha
Len Tondl
O'Hare
Chicago
Los Angeles International
Tondl
GEICO reports earnings decline for first half 1981
Government Employees Life Insurance Co. GELICO announced results for the quarter and six months ended June 20 1981. Six month operating income fell 2 percent to 3 348 966 with second quarter earnings at 2 010 849. Net income reached 3 954 014 vs 4 069 956 prior year. Sales volume rose 36 percent to 137 101 387 for the first half. second quarter sales 76 201 060 up 3 percent. Continuous gains in net investment income fueled by short term instruments. Policy terminations and benefit payments reduced premium income.
MENTIONED IN THIS ARTICLE
Government Employees Life Insurance Co
Gelico
District Per Capita Income Up In 1980
Washington AP reports per capita income in the District of Columbia rose 12.6 percent from 1979 to 1980 reaching 12039, about 26 percent above the national average, leading the Mideast region and second only to Alaska. Maryland Delaware and Virginia showed smaller gains with varied regional impacts. National per capita income rose 10.2 percent to 9521. Virginia reached 39392 but stayed below the national average. The Southeast region remained lowest among eight regions at about 8115, up 10.4 percent for the year. Maryland and Delaware posted higher than national averages at 10460 and 10339 respectively.
MENTIONED IN THIS ARTICLE
Washington
District of Columbia
Maryland
Delaware
Virginia
Commerce Department
Department
Bureau of Economic Analysis
Mideast
Alaska
Also Mentioned on This Page
Gardner B. Bates
Keily- Springfield Tire Co
Cumberland
North Carolina
John M. Stewart Jr
Taneytown
Prudential Insurance Co
Amber Meadows
Francis Scott Key High School
Barry L. Smith
Aumet
W. B. Doner and Co
Will Hurwitz
Colonial Jewelers
International Investment Gemstone Council
Nicholas Samtos
Roger J. Cochetti
Comsat 85
Stewart
Scott
New York City
Ed Waters Jr
the News
Business
Mark Sissman
Sissman
GEICO
Don V. Bovey
Epporinten
McLean, Virginia
PaineWebber
Greenshirs
Don Mclean
FOF
Eugene L. Klupt
DDS
C&p
Hoste
Mos
E. L
J. Feil
DMD
Radio Shack
Inqivicel
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