Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Joe Altobelli’s room at the Edna Tina Wilson Living Center in Greece is festooned with remembrances from swings past. There are photographs from his days managing the Rochester Red Wings, San Francisco Giants and Baltimore Orioles. In one of the ...

Tagged with: On Sports Scott Pitoniak

I am not among those who fear the people. They, and not the rich, are our dependents for continued freedom. —Thomas Jefferson I was in Manchester, Vermont recently and saw a memorial to Thomas Jefferson that included a number of ...

Tagged with: Gerald Archibald Non-profit Management

Each year, at the Final Four of the NCAA basketball tournament, a Most Outstanding Performer Award is presented. I’m ready to cast my ballot before the opening tip. My MOP? Sister Jean Dolores Schmidt from Loyola-Chicago. You may think that’s ...

Tagged with: On Sports Scott Pitoniak

Anti-retaliation provisions protecting corporate whistleblowers can be found in various sections of the federal law. The statutes are not entirely consistent, and the failure to comply strictly with the applicable rules can foreclose access to the remedies and protections the ...

Tagged with: Jeremy J. Wolk law

The news coverage regarding tax reform has focused on the impact it has on tax-paying entities. However, the law changes will also have a very significant impact on exempt organizations. This article reviews the provisions of Tax Cuts and Jobs ...

Tagged with: Josh Gewolb Taxing Matters

Basketball-hall-of-famer-turned-commentator Bill Walton jokes over the phone from San Diego that his loquaciousness is all Marty Glickman’s fault because it was Glickman who helped him overcome a life-long stuttering problem. To those not familiar with Glickman, he was the first ...

Tagged with: On Sports Scott Pitoniak

We are in the midst of a tough New York State budget season with many difficult decisions to be made. All regions of the state are pulling for things that are important to them, with the Finger Lakes region no ...

Tagged with: On Business Robert Duffy

When the Tax Cuts and Jobs Act of 2017 passed, reactions were mixed. Many economists and business leaders took a “wait-and-see” stance, with the most optimistic believing that slashing the corporate tax rate from 35 percent to a flat 21 ...

Tagged with: Corporate Finance James Barger

If you’re a Buffalo Bills fan, you have to love the audacious, Bill Polian-like moves being made by coach Sean McDermott and general manager Brandon Beane. The “McBean” combo is swinging for the fences, but unlike predecessors Doug Whaley and ...

Tagged with: On Sports Scott Pitoniak

Three significant trends have transformed the financial services marketplace in recent decades. The defined contribution plan has replaced the defined benefit plan as the principal retirement vehicle provided by most employers in the private sector. Advisory accounts are now more ...

Tagged with: Patricia Foster The Informed Investor

Jim Kelly could have called an audible. He could have changed the play at the line of scrimmage, so to speak, and everyone would have understood. After being blindsided Thursday morning by news that his oral cancer had returned, the ...

Tagged with: On Sports Scott Pitoniak

Well, it finally happened! The Dow Jones Industrial Average fell from an all-time high of 26,616.71 on Jan. 26 to 23,360.29, on an intra-day basis, on Feb. 9 — a correction of over 12 percent and well in excess of ...

When I was a kid, my father liked to fix breakfast for the family on the weekends. He took orders and played short-order cook, making omelets, fried eggs, toast, pancakes, bacon and the like. One morning while preparing to cook ...

Tagged with: Business Ethics Jim Nortz

It is a late November afternoon in 1998 and we are sitting in the center-field bleachers at the original Yankee Stadium in New York City. Atop the mound—an Aaron Judge tape-measure home run away—stands Kevin Costner. From our vantage point, ...

Tagged with: On Sports Scott Pitoniak

The Tax Cuts and Jobs Act completely overhauled the U.S. international tax system, but will this impact Rochester businesses? Based on our respective local practices, the answer is a clear “Yes.” We have found many local companies that have “accidentally” ...

Tagged with: Burton Speer Josh Gewolb Taxing Matters