DETROIT, MI – Documents filed on April 6 in Wayne County Circuit Court revealed that in February an arbitrator awarded Greek-American businessman Peter Karmanos, Jr. $16.5 million. It was the first round of a legal battle with Compuware, the company he co-founded, which is based in Detroit.
Karmanos was fired by Compuware “after using colorful expletives to criticize management in a media interview,” according to the Detroit Free Press.
The arbitration award was calculated from value of stock options the company cancelled in 2013, in addition to triple damages and attorney’s fees. Compuware wants the settlement reduced to $4.1 million.
“After being praised in Cobo Center as the Edward H. McNamara Goodfellow of the Year, Karmanos responded to a Free Press reporter’s question after the ceremony by using obscenity-laced remarks to criticize the company’s board members and its management at the time. The reporter had asked for Karmanos’ thoughts about the company’s move to cost-cut as it shaped itself up for a potential sale to a hedge fund or some other buyer. Those cost savings included canceling two long-planned parties organized by Karmanos’ wife to celebrate his legacy,” the Free Press reported.
ATHENS - It’s been 83 years since Greece declared war on Albania, the occupying Italian army there using sites to fire shells at Greek soldiers who pushed them out - at a cost of 8,000 of them killed - and now new battles have erupted, politically.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
ATHENS — After several years of strained relations that raised tensions to alarming levels, longtime regional rivals Greece and Turkey made a significant step Thursday in mending ties during a visit to Athens by Turkish President Recep Tayyip Erdogan.
NEW YORK - For nearly a decade, the Stavros Niarchos Foundation (SNF) has helped the New York City Police Foundation (NYCPF) support the people on the front lines of making New York City a safe place for all to live, work, and visit.
NEW YORK – New York State Assemblyman Michael Tannousis (R, C – Staten Island/Brooklyn) released the following statement on December 7: “After leading a bipartisan effort last month to denounce the cancellation of a 250-person school safety agent class, I’m happy that the Mayor’s Office has now changed course and is hiring additional school safety agents.
ATHENS – A press conference was held on December 5 for the Acropolis Museum’s new exhibition titled ‘Meanings’ (‘NoHMATA’): Personifications and Allegories from Antiquity to Today.
LONDON (AP) — Benjamin Zephaniah, a British poet, political activist and actor who drew huge inspiration from his Caribbean roots, has died.
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