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Special Section

Making the most of a robust economy

In 1997, investors fed the U.S. stock market as consumers spent freely in the nation’s supermarkets and other stores. Low interest rates encouraged businesses and individuals to stoke the fire of growth and expansion. “(It) was a very good year ...

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Rochester’s Top 50

1. Wegmans Food Markets Inc. 1500 Brooks Ave. Rochester, N.Y. 14624 http://www.wegmans.com 328-2550 Number of Local(1) Employees Full Time/Part Time: 1998: 5,015/8,991, 1997: 4,935/8,673 Total Number of Employees Full Time/Part Time: 1998: 7,691/18,419, 1997: 7,492/17,312 Description of Business: Supermarkets and ...

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A measure of success in
the region’s economy

Since 1989, the Rochester Business Journal has taken up the challenge each year to systematically measure and analyze the financial performance of the Rochester area’s leading publicly held companies. Two years ago, the project was expanded to include the top ...

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Rochester’s Top 50

In the past 18 months, more than a dozen local companies either have acquired another company or have been acquired–not surprising with merger mania sweeping the country. Among them: ACC Corp. was acquired for $1.1 billion by Teleport Communications Group ...

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Rochester’s Top 50

As he had promised Eastman Kodak Co. shareholders, a contrite George Fisher took not a cent in bonus pay for 1997. Fisher, who took the reins as chairman and CEO of the photo giant in 1993 on the expectation that ...

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Rochester’s Top 50

TOP 50 — PUBLIC CO. CEO COMPENSATION RANKED BY TOTAL COMPENSATION IN 1997 Compensation(1) Company 1997 1996 %Change Executive 1. Xerox Corp. Paul Allaire, Chairman & CEO 17,572,882 7,989,973 119.9 2. Eastman Kodak Co. George Fisher, Chairman & CEO 12,566,179 ...

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Rochester’s Top 50

A legend in the consumer-electronics industry, Joseph Clayton joined Frontier Corp. in June 1997 as president and chief operating officer. When Ronald Bittner died two months later, he became CEO. A self-described “rah-rah” manager, Clayton aims to transform Frontier–and in ...

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Rochester’s Top 50

(Continued from previous page) That is how I get my bonus paid, the management teams. We try to make sure that we are highly leveraged from a stock-option standpoint. Over a third of our employees receive some form of stock ...

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Rochester’s Top 50

Growing numbers of corporations seeking new ways to produce shareholder value have seized on a notion that changes how they measure profits, as well as how executives are encouraged to make money for their departments and themselves. The most popular ...

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Rochester’s Top 50

That story has changed for corporate board members. Today’s director is more likely an outsider questioning company practice and dodging shareholder lawsuits. Chances are he or she is 50 to 60 years old, is paid at least partly in company ...

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Rochester’s Top 50

TOP 50 — PUBLIC CO. EMPLOYMENT TRENDS RANKED BY NET CHANGE IN NUMBER OF LOCAL EMPLOYEES, 1997 TO 1998 Number Net % of Local Change Change Full-Time From From Employees(1) Company 1997 1997 1998 1997 1. Xerox Corp. 650 4.9 ...

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Rochester’s Top 50

TOP 50 — PRIVATE CO. EMPLOYMENT TRENDS RANKED BY NET CHANGE IN NUMBER OF LOCAL EMPLOYEES, 1997 TO 1998 Number of Local Net % Full-Time Change Change Employees(1) From From Company 1997 1997 1998 1997 1. The Sutherland Group Ltd. ...

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Rochester’s Top 50

43 It doesn’t get much better than this By Jennifer Racho Call it the economy that just won’t quit. Even with Eastman Kodak Co.’s troubles, Rochester’s leading companies overall turned in a strong performance. The Asian crisis, however, was a ...

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Rochester’s Top 50

Reynolds Bowers Managing partner Harter, Secrest & Emery LLP Bowers, 60, has been practicing law for over 35 years, providing clients with the full range of banking, financial and commercial legal services. This is his second tenure as managing partner ...

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Rochester’s Top 50

The heart of Rochester’s Top 50 is rigorous analysis of the area’s top companies, based on their performance in the most recent fiscal year. The methodology used is designed to make fair, insightful comparisons among businesses operating in a wide ...

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