Charlotte motel mogul Sam McMahon, Jr. and his son Sam III recently stunned investors by filing for bankruptcy. The investors stand to lose a collective total in the millions of dollars.
Bob Stec, CEO of Greensboro-based Girbaud, VF Corp.'s fastest growing division, has proved successful in marketing the Girbaud line of jeans and sportswear.
A recent Savings and Loan buying binge in North Carolina has seen mutual thrifts offer themselves directly to larger banks. These merger-conversions are taking place because banks are making attractive offers to the board members of S&Ls.
Bill Simms, president of Transamerica Reinsurance Corp. (headquartered in Charlotte) is the only minority part-owner of the Carolina Panthers football franchise.
Doug Brendle, CEO of Brendle's Inc., survived triple-bypass surgery and his company's Chapter 11 bankruptcy to lead the company on the road back to success.
Winston-Salem-based Triad Guaranty Inc., a mortgage-insurance company, recently sold 57% of its stock to the public. The move was made in order to get a Standard & Poor's rating, which is accessible only to public companies.