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2022 Virginia Business Person of the Year: Jim McGlothlin
Jim McGlothlin had never really thought much about paintings. He was more of a music guy, a fan of Elvis, whom he saw in concert six months before the King’s 1977 death. But the art of the deal — in this case, winning a valuable artwork at an auction — was a familiar feeling. “That’s […]
The 23rd edition of the Virginia Business Legal Elite
Launched in cooperation with the Virginia Bar Association in 2000, Virginia Business’ Legal Elite polls lawyers licensed to practice in Virginia each year, asking them to identify which of their peers are the top attorneys across 20 categories of legal specialties. In compiling the Legal Elite, Virginia Business contacted [...]
Everything is not awesome
When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although [...]
Where the wind’s blowing
If all goes according to plan, towering wind turbines off the coast of Virginia Beach will begin spinning out enough electricity in 2026 to power up to 660,000 homes. Dominion Energy Inc.’s $9.8 billion Coastal Virginia Offshore Wind (CVOW) farm will have 176 turbines — each rising 800 feet above the ocean, with around 8[...]
Stairway to heaven
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compa[...]
Virginia 500
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the third annual edition of the Virginia 500: The 2022-23 Power List. Read more about how we assembled the Virginia 500 from our editor. And see a note from our publisher about the power of leade[...]
No myth
Last year, Lori Stacy found herself leading a unicorn. The CEO of Norfolk-based Trader Interactive, an online marketplace for boats, recreational vehicles, motorcycles and other niche vehicles, Stacy helped shepherd the company through its June acquisition by Australian auto retailer carsales.com Ltd. The Australian company paid[...]
Creating community vibes
In Virginia Beach, most tourists flock to the Oceanfront. But just a couple blocks west, you’ll find an area that feels a little more artsy and a lot more local. In the 15-block ViBe Creative District, situated between the Virginia Beach Convention Center and the Oceanfront, coffee shops and restaurants operate out of form[...]
Taking the reins
To quote the late U.S. Supreme Court Justice Ruth Bader Ginsburg, “Women belong in all places where decisions are being made. … It shouldn’t be that women are the exception.” In Year Two of our Virginia Business Women in Leadership Awards, we received more than 300 nominations — exceeding last year’s nominati[...]
Gift of a lifetime
For Dr. Todd Stravitz, February was an opportune time to make the largest gift in the history of Virginia Commonwealth University — a $104 million donation to support liver research. The retired medical director of VCU Health’s Hume-Lee Transplant Center, Stravitz is an heir to the Boar’s Head Provisions Co. Inc. f[...]
Setting a course
Each week, MDV SpartanNash LLC, the nation’s leading supplier for overseas U.S. military commissaries and exchanges, loads 100 to 200 containers filled with everything from peanut butter to clothing aboard steamships bound for Europe, Africa, Bahrain, Kuwait and Honduras, as well as Puerto Rico and Guantanamo Bay. “In pl[...]
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 comp[...]
