Jan 24
Robert Doochin says his next step is fairly simple: After nearly half a century at the helm of American Paper & Twine Co., pass the business on to his three children. But with an estimated value of $10 million to $20 million, there’s one problem: the tax bill.
Doochin’s estate attorney has advised him to move out of state, he says. He’s considering it.
“It’s a big hit,” he said. “You take this business. We’ve never cashed in. So where does that money come from?”
Doochin, like many successful business owners, has been pressing state leaders to lower Tennessee’s main tax on wealth, the estate tax.
Gov. Bill Haslam and Rep
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Jan 17
SAN FRANCISCO — Yahoo co-founder Jerry Yang is leaving the struggling Internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.
The departure, announced Tuesday, punctuates the end of an era at Yahoo, a tarnished Internet icon that has spent much of the last decade scrambling to catch up to Internet search leader Google Inc. — a company that got early encouragement and advice from Yang. It comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thompson as its CEO.
Thompson is the fourth CEO in less than five years to try to turn around Yahoo.
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Tags: Company
Jan 05
High street giant Marks & Spencer said today that it would roll out more discounts in a bid to pull in customers after weak homewares sales dragged on its Christmas performance.
M&S, which has more than 700 stores in the UK, recorded a 1.8 per cent like-for-like decline in general merchandise sales, excluding VAT, in the 13 weeks to December 31, while food sales were up 3 per cent.
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Tags: Christmas
Dec 09
John Sylvester, co-owner of Sache Clothing on South Main, said competition is good for business, but online retailer Amazon makes it difficult, especially with its tax advantages.
MEMPHIS — Clandestine agents feathered out across the country on Saturday, silently infiltrating the real-world places you shop in order to gather intelligence for online retail behemoth Amazon.com.
The agents were shoppers armed only with a smartphone and Amazon’s new Price Check app. Their mission: Scan bar codes or take pictures of items in brick-and-mortar stores and send those prices back to Amazon for comparison.
The prize: a 5 percent discount or up to $5 off on as many as three items.
Amazon is obviously in the business of making money, not friends. T
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Dec 01
The Montgomery Chapter of the National Association of Women in Construction will hold its annual Christmas party and auction Dec. 12 at Montgomery’s Capital City Club, 201 Monroe St.
Networking/hospitality begins at 5:30 p.m. followed by the auction. Refreshments will be served. Prospective members and employers are invited and encouraged to attend.
NAWIC is an international professional association whose purpose is to enhance the success of women in the construction industry.
Tags: Auction Dec, Christmas Party, Dec
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