8 things to know: Johns Hopkins Medicine names head; How CEO pay compares to worker pay in Baltimore
Baltimore Business Journal
The Baltimore region's source for local business news & events. Part of the American City Business Journals network.
Good morning and happy Monday!
Hope you enjoyed the weekend — and didn't get too wet watching the Ravens' thrilling 37-31 victory over the Los Angeles Rams. Tylan Wallace's 76-yard punt return probably made sitting through the dreary weather at M&T Bank Stadium worth it! (Full disclosure: I was happy and dry on my couch.) Expect the skies to clear up to start the week, with high temperatures only in the 40s.
Here's what else you need to know to get your day going.
Johns Hopkins Medicine taps new CEO
Dr. Theodore "Ted" DeWeese will officially take over as dean of the Johns Hopkins University School of Medicine and CEO of Johns Hopkins Medicine after serving on an interim basis in both roles since the summer of 2022. JHU President Ron Daniels issued a statement saying DeWeese was selected as the 15th dean of the medical faculty and the third CEO of Hopkins Medicine following a global search for a leader with "the requisite vision, dedication, and humanity to chart a sound course for the future of our institution." DeWeese was appointed interim dean and CEO in 2022 following the retirement of Paul B. Rothman. DeWeese joined Johns Hopkins Hospital as a radiation oncology resident in 1991. He received his medical degree from the University of Colorado Health Sciences Center. As CEO of Johns Hopkins Medicine, he will oversee an institution that employs more than 40,000 people. In partnership with Kevin Sowers, executive vice president for Johns Hopkins Medicine and president of the Johns Hopkins Health System, DeWeese will lead a network of six hospitals, 39 outpatient primary health care sites, and multiple suburban health care and surgery centers.
BBJ takes look at CEO pay vs. worker pay
Think CEOs make too much? Well, Greater Baltimore’s largest public companies have seen their ratio of CEO compensation to median worker pay increase by an average of 61.88% over the past six years. BBJ Special Projects Editor Phil Davis took an in-depth look at the pay ratios for the region's 10 largest public companies. He found the disparity especially high at Under Armour Inc. He also discovered there's more to the ratio than meets the eye.
Roggenart European Bakery plans big expansion
This story makes me hungry for an almond croissant. If you haven't had one of these buttery creations by Roggenart European Bakery, Bistro & Cafe, you will soon have more opportunities. The European-style bakery and cafe will double in size next year as it prepares to open four locations and expand outside of Maryland for the first time. The Howard County chain already has locations in Columbia, Ellicott City, Savage Mill and a newly opened Towson store. BBJ Reporter Morgan Simpson, who sat down with Roggenart's owners last week, details the latest store and planned locations.
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Andrea Bocelli postpones CFG Bank Arena show
Fans of Italian singer Andrea Bocelli will have to wait a little longer to see him perform in Charm City. The concert, originally scheduled for Sunday at the CFG Bank Arena, has been postponed until Feb. 20. Bocelli, 65, also postponed shows in Boston, Hartford, Connecticut, and Philadelphia, last week because of reported health challenges. All tickets for the originally scheduled date will be valid for the February show, the Baltimore Sun reports. For ticket holders who are unable to attend the rescheduled date, a 14-day refund period will begin Monday at point of purchase.
Navy loses to Army in annual contest
The annual Army-Navy game proved to be a nail biter, with the game coming down to a final play at the goal line. Navy Quarterback Tai Lavatai was stopped just inches from the end zone as the game neared its end. Army prevailed 17-11 in front of a sellout crowd of 65,878 at Gillette Stadium in Foxborough, Massachusetts. “Your heart breaks for your team, especially the seniors. I really wanted this for them more than anything,” Navy head coach Brian Newberry said after the game. “Those guys have been through a lot over the last four years."
Baltimore to pair drone show with New Year's fireworks
It's not too early to be plotting your New Year's Eve festivities. The Baltimore Office of Promotion & The Arts or BOPA has unveiled happenings at the Inner Harbor that include lots of music, ice skating, fireworks at midnight and even a "custom-designed drone show." BOPA officials say the addition of drone technology to the annual New Year’s Eve celebrations is in "alignment" with Baltimore’s designation as a federal tech hub, "showing how technology can be leveraged in creative ways across sectors — from health care to arts and culture. All the attractions along the water will be participating in the New Year's festivities. The Inner Harbor Ice Rink will stay open until midnight, giving skaters a great view of the fireworks.
Live Christmas trees selling out in Maryland
If you haven't bought your live Christmas tree just yet, you may want to hurry. A shortage of the evergreens means fewer trees at lots and farms. WBAL.com reports that TLV Tree Farm in Glenelg, a traditional destinations for Christmas trees, is already sold out. The farm had 1,800 trees that sold quickly. And the situation isn't any better throughout Greater Baltimore. By the way, the radio station reports that Maryland is home to 187 Christmas tree farms. and is ranked 21st in the nation for tree production.
United Way offering holiday pop-up shops for parents
The United Way of Central Maryland will host three holiday pop-up events Dec. 11-13 to serve the Brooklyn/Curtis Bay and Poppleton communities. Each market is located in a United Way Neighborhood Zone, will provide area families facing financial challenges with holiday gifts for their children. Volunteers will help families “shop” the market and will then wrap gifts for them before they leave. Volunteers will also keep the kids busy while their parents select gifts.