Business

$62 million payout to top B/E Aerospace execs, pending merger completion

B/E Aerospace’s CEO Werner Lieberherr and the company’s founder, Amin Khoury, would together receive a “golden parachute” package of nearly $62 million, pending completion of the company’s $8.3 billion sale to Iowa-based Rockwell Collins, according to a government filing. B/E is based in Florida, but its operational headquarters are in Winston-Salem.

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Five lessons from the HRC’s battle for North Carolina

  Last year as he campaigned for re-election as governor, Pat McCrory labeled the Human Rights Campaign more powerful than the National Rifle Association. It was an exaggeration: The national group supporting civil rights for LGBTQ people has a fraction of the name recognition, membership (1.5 million vs. 5 million) or financial firepower ($50 million […]

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Wilhite named CFO of Charlotte’s AvidXchange

AvidXchange, Charlotte’s fast-growing technology company that provides accounts-payable and payment-automation software, named Joel Wilhite chief financial officer. Wilhite, 47, most recently was CFO of Quantros, a Greenville, S.C.-based company that develops software for hospitals. He previously was a senior vice president at BenefitFocus, a software company based in Charleston, S.C. Wilhite is a CPA with […]

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N.C. loses 131,000 jobs to China trade imbalance

The U.S. trade imbalance with China has caused North Carolina to lose 131,000 jobs since 2001. That’s according to the Washington, D.C.-based think tank Economic Policy Institute, which says more than 95,000 of the losses occurred between 2001 and 2008, primarily involving furniture and textiles. More recently, job cuts stemming from the trade imbalance have hit North Carolina’s […]

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