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Business Trends

McLean-based banking and credit card company Capital One expects to bring employees back on a hybrid basis starting Sept. 6. Photo courtesy Capital One Financial Corp.
Jul 28, 2022

Virginia companies weigh office returns

Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One Financial Corp., the McLean-based credit card company, is planning to reopen its U.S. offices in a hybrid model on Sept. 6. Capital One delayed[...]

On the heels of the global pandemic, labor shortages, economic uncertainty and much more, it’s never been a more challenging time to be a chief financial officer, says Pete Graham, CFO for Norfolk-based debt buyer PRA Group. Photo by Mark Rhodes
Jul 28, 2022

Guardians of the treasury

How’s this for an anxiety recipe? Serious supply-chain woes. A worsening labor shortage. Historic inflation. Rising lending rates. Soaring fuel and energy costs. An exceptionally volatile stock market. Growing cybersecurity threats. Global instability. Oh, and the pandemic that started more than two years ago is still with us.[...]

Being named CFO of the year is a “great going-away gift,” says Hossein Sadid, who retired in June as CFO for the Virginia Museum of Fine Arts. Photo by Caroline Martin
Jul 28, 2022

‘Just when I thought I was out’

Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits.  Large nonprofit | Hossein Sadid, CFO and deputy director for finance and administration Virginia Museum of Fine Arts, Richmond After a couple of failed attempts, Hossein Sadid finally retire[...]

“The reality is there is a portion of the workforce that simply prefers to be remote,” says Clare Miller, chief human resources officer for Richmond-based Atlantic Union Bank, which moved to a hybrid model in April. Photo courtesy Atlantic Union Bank
Jul 28, 2022

Future shock

As companies across Virginia continue to adjust to workplace changes created by the COVID-19 pandemic, many human resources managers say one thing is clear: The way people work has changed for good. “This is a new work environment — the workplace has changed now,” says Kirstin Shelton, vice president of human resources for[...]

“What I got out of it was leaps and bounds beyond what I anticipated,” D’Ivonne Holman says of Leadership Fairfax, a leadership development program she graduated in 2019. Holman is development director for the nonprofit Lamb Center, a Fairfax homeless shelter. Photo by Will Schermerhorn
Jul 28, 2022

Lead on

Not long after D’Ivonne Holman became director of development for Northern Virginia family services nonprofit Britepaths in 2018, she signed up to participate in Leadership Fairfax, a leadership development organization focused on local and regional challenges in Fairfax County. Her boss, a Leadership Fairfax alum, encouraged [...]

Photo illustration by Kevin McFadin
Apr 28, 2022

Cyberwar zone

Earlier this year, Kwabena Konadu received a call from one of the small businesses he advises on IT and cybersecurity. The company’s chief financial officer had received an email from a purported ethical hacker — cyberspeak for “good guy” — who had found the official’s username and password for accessing company data[...]

“The business case for diversity is clear,” says Jon G. Muñoz, chief diversity, equity and inclusion officer at Booz Allen Hamilton Inc., the McLean-based Fortune 500 global management firm. Photo by Stephen Gosling
Jan 30, 2022

DEI openers

Every movement has its moment. And now appears to be the moment for diversity, equity and inclusion officers in C-suites, academia and government. Black Lives Matters protests sparked by the police killing of George Floyd in May 2020 broadened awareness of race-based inequities that exist in the United States, including inequali[...]

Jan 30, 2022

The 2022 Black business leaders issue

The Visionary Superstar Pharrell Williams has dream of equitable economic success for Hampton Roads and Virginia       DEI openers Hiring of diversity and equity chiefs is on upswing         Great responsibility Black business leaders pay it forward

HBO’s “Succession” depicts the dysfunctional and ultra-powerful Roy family, who should definitely not be a model for Virginia’s successful family-owned businesses. Photo courtesy Warner Media
Sep 29, 2021

All in the family

In the popular HBO TV series “Succession,” members of the Roy clan scheme, lie and backbite in an attempt to take over the family’s media empire once the patriarch steps down. The show, which reportedly filmed scenes in Richmond in May for its third season, is a satiric festival of twisted relationships and family dysfunct[...]

Loudoun County is known as Data Center Alley because it has the world’s highest concentration of data centers. It has received $1.5 billion in tax revenue from the centers over the last six years Photo by Will Schermerhorn.
Sep 29, 2021

Heads in the cloud

Compare economic development wish lists across Virginia, and you’ll find one item in common. It’s not a specific manufacturer, a large health care system, or even a lucrative brewery. It’s a data center — or two, or three. These massive warehouse-like structures, full of computers, servers, and other digital equipment, h[...]

The Richmond Flying Squirrels, which had their 2020 season canceled, planned to return to full capacity on June 1. Photo by Matthew R.O. Brown
May 31, 2021

Play ball!

Minor League Baseball is back for 2021, after the coronavirus pandemic canceled the 2020 season. And there’s no question that this summer will look much different than a typical baseball season. But the Richmond Flying Squirrels are optimistic. The team kicked off its season May 4. All fans who had vouchers or credits for 2020[...]

Doubleday by Hilton at Virginia Beach General Manager John Zirkle has pitched in with housekeeping chores amid a severe staffing shortage. “We do what you have to do,” he says. Photo by Mark Rhodes
May 31, 2021

Help wanted

Twenty years ago, John Zirkle was just starting out in the Virginia Beach hotel business as a houseman, stripping bed sheets and doing laundry. Fast-forward to today and he is general manager of the Doubletree by Hilton at Virginia Beach and president of the beach’s hotel association. Lately, though, Zirkle’s had to recall s[...]

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