Newsmakers
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SJ Corio Co. President Salvatore Corio Jr. has been running liquidation auctions in Rhode Island since 1983, so when he took on the 38 Studios LLC bankruptcy sale, he knew he was in for a big job. With over 2,000 lots on the block, selling everything in one session while maximizing returns for taxpayers would take speed and endurance. Over a nearly uninterrupted 10 hours of bidding, the auction recovered $650,000 for the state as Corio mixed his trademark blend of rapid-fire humor with salesmanship. More than once, he asked for a bid of $75 million, the amount of the 38 Studios loan guarantee. more
After merging state financial offices into a single Office of Management and Budget this year, Gov. Lincoln D. Chafee needed someone to lead the new entity and turned to the General Assembly, where many of his fiscal proposals have died. In then-Senate Fiscal Adviser Peter M. Marino, he found someone with experience shaping the state budget and critiquing it with the Rhode Island Public Expenditure Council. In addition to the traditional roles of the offices it combined, the new OMB will do more data analysis, a common refrain in suggestions for improving the Rhode Island economic climate. Five months after taking the job, Marino is now working on the first state budget proposal crafted under the new structure, one that, as always, promises tough decisions. more
Since finishing fourth in a 2010 bid for governor, Sympatico Software Systems President and Moderate Party founder Ken Block has remained an active presence in the Rhode Island political arena. This year, Block is working with fellow business leaders in the Smaller Business Association of New England to develop and promote an economic-policy plan for the state. The plan, which Block and other SBANE members are pitching to elected officials this winter, calls for a series of economic-development and education reforms to spur growth. The SBANE plan would redirect state English-as-a-second-language funding to economic development, investigate use patterns in unemployment insurance, potentially eliminate the state temporary-disability insurance program and exempt new investments in Rhode Island companies from capital gains tax. The education ideas include increasing instructional time, reducing teacher absence and moving the start of teacher contracts away from the beginning of the school year. more
Sylvia Maxfield, whose career has taken her from the Ivory tower, as she calls it, of Yale University to Wall Street and then back into higher education, became dean of the college of business at Providence College last summer. more
University of Rhode Island assistant professor William Krieger’s interests in philosophy and archaeology have combined in educational and career tracks that afford him a unique perspective. more
Through the ownership of several popular nightspots and restaurants, State Sen. Joshua Miller has been influential in the Providence dining and nightlife scene for years. But since jumping into politics seven years ago, the Cranston Democrat is now as likely to take a stand on hospital consolidation or payday lending as he is nightclub closing hours or farm-to-table cuisine. After leading a commission on health care affordability and wrestling with the sale of Landmark Medical Center in the Corporations Committee, Miller this year was named chairman of the Health and Human Services Committee. more
Brown University senior David Emanuel garnered some attention for a student business called Lock’d when he won first place in the statewide Elevator Pitch competition at Johnson & Wales University’s Harborside Campus in Providence on Dec. 5. more
Dustin Hoffman’s character in “The Graduate” may not have dedicated his life to plastics, but it worked out well for William Murray, the Lincoln native named president of Teknor Apex Co. last month. If the world is going to continue to rely on plastics in the future, the Pawtucket polymer technology company and leading U.S. maker of garden hoses is working on the compounds of the future. more
Armed with a dual degree in science and English and the unfiltered enthusiasm of a recent college graduate, John Wolfe headed from his Ohio home to Washington, D.C., and dreamed of becoming the next Bob Woodward. more
Morgan Carter is the founding principal of the new Achievement First Providence Mayoral Academy. The charter school is scheduled to open in August with 176 students, chosen by lottery, from Providence, North Providence, Cranston and Warwick. more
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