At Southwest Airlines's shareholder meeting on Wednesday, long-time leader Herb Kelleher ceremoniously passed the gavel to CEO Gary Kelly, who will serve as chairman of the board.
Kelly also will assume the title of president of the low-fare carrier when Colleen Barrett's employment contract expires on July 15. More than 300 shareholders attended the meeting where Kelleher and Barrett were honored for their more than 40 years of service to the airline.
Travel Advantage Network (TAN), a leading national wholesale vacation accommodation provider, surprised Kevin and Sarah McCollum at their home in Hummelstown, PA, with eight free vacation weeks in celebration of the company reaching its 75,000th traveler milestone. The McCollums, along with their five-year-old daughter Rachel, were met at the door by TAN employees carrying vacation certificates and balloons, all partaking in the excitement of this momentous occasion.
Albert Mezzanotte Jr., managing partner at Whiteford Taylor & Preston LLP, will transition the firm's leadership duties to Martin Fletcher next year.
Mezzanotte, who has been managing partner at Whiteford for eight years, said he wants to return to practicing law full-time -- and can do so now because Fletcher is ready to take the helm.
Reznick Group’s Baltimore Office has been awarded the 2008 Governor’s Volunteer Service Award. The office recently received the Governor’s award in the “Business Group” category at the 25th Annual Governor’s Volunteer Service Awards ceremony in Annapolis, Maryland. The office was recognized for its volunteer projects during 2007, including their annual Community Outreach Day held in June.
Bank of America Corp.has lowered their prime-lending rates to 5 percent from 5.25 percent.
The move follows the Federal Reserve's decision to cut the federal funds rate to 2 percent from 2.25 percent.
The Maryland Chamber of Commerce is throwing its weight behind a November referendum to authorize slot machine gambling.
The business group announced its support at a press conference on April 29, stressing that if the referendum fails, it will be a $700 million hit to the state budget. The General Assembly approved a plan in a special session last November to put 15,000 slot machines at five sites across the state, but left it up to voters to put it into place.