Citybizlist Staff


A Conversation With Mark Caplan, Chairman of WPM Real Estate Mgmt.


mark Caplan

Courtesy Citybizlist – WPM Real Estate Management is an Accredited Management Organization providing a full suite of property management services throughout the Mid-Atlantic region.

Former T. Rowe CEO Curran “Cub” Harvey, Jr. Dies at 84

Curran W. Harvey, Jr.
Curran W. Harvey, Jr.

Courtesy Citybizlist – Curran W. “Cub” Harvey Jr., former CEO of T. Rowe Price Associates Inc. and later a partner at the venture firm New Enterprise Associates, died Sunday of pneumonia at Naples Community Hospital in Naples, Fla., the Baltimore Sun reported. He was 84.

Harvey is survived by his wife of 58 years, the former Marjorie Jo “Jody” Simons; two sons, Curran W. Harvey III of Baltimore and Roland S. Harvey of Reisterstown; and daughters Charlotte Bruce “Brucie” Harvey of Providence, R.I., and Marjorie Harvey Swift of Weston, Mass.; and nine grandchildren.

16 Percent Raise Recommended for Maryland Legislators


Courtesy Citybizlist – Maryland legislators elected next year would see their salaries rise to $50,330 in 2018, a 16% raise over the next four years recommended Monday by the General Assembly Compensation Commission.

If the legislature accepts the recommendation, it would give the part-time lawmakers their first raise in eight years. Delegates and senators currently make $43,500.

The two presiding officers would also get a 16% pay hike over four years to $65,371 in 2018. The Senate president and House of Delegates speaker currently make $56,500.

NY Times Reports Cordish Family Has Offshore “Cook Trusts” Sheltering Over $116M



Courtesy Citybizlist – An alluring necklace of islands in the sun and the jewel in the crown of South Pacific island groups, the Cook Islands may seem to be the perfect honeymoon getaway. But regulators and legislators have found that the Cooks are also a global pioneer in offshore asset-protection trusts, with “laws devised to protect foreigners’ assets from legal claims in their home countries”.

Americans have hidden nearly $1 trillion in offshore accounts around the world. But the Cooks, a self-governing state associated with New Zealand, have so far been ignored by American regulators, perhaps because the islands do not appear to have been widely used by multinational corporations nor have they been linked to terrorists.  According to officials, Cook trusts provide security and secrecy.

Pay Raises for Governor, Legislators in the Works


Salary hikes for Maryland’s next governor, members of the General Assembly and other statewide officials elected next year are set to be decided next week by two compensation commissions specially appointed for this task.

None of these officials have had pay hikes since 2006, and the legislature rejected recommendations from these same commissions four years ago to increase the salaries slightly.

U of Md. Smith School of Business Ranks Among Top 30 Business Schools in US


For the fourth successive year, Harvard Business School has topped the Poets & Quants ranking of the best full-time MBA programs in the U.S.

In fact, there is no change in the top eight spots and all top 10 schools of 2012 remained firmly in the top 10 this year.

Stanford, University of Chicago’s Booth School of Business, UPenn (Wharton) and Northwestern (Kellogg School of Management) followed in that order. The University of Maryland’s Robert H. Smith School of Business ranked 29th.

The Whig Party is Back, Hoping to Bridge the Partisan Divide


whig partyThe Whigs, the 19th century political party that disbanded before the Civil War over the question of slavery, is trying making a comeback as the voice of reason between embittered modern day Republicans and Democrats.

In Philadelphia, the election of Heshy Bucholz, a software engineer and first candidate to run and win as a Whig in that city in 157 years, has brought national attention to the party and spurred hundreds of new members to sign up.

In Maryland, where the Whigs held four of their national conventions in the mid-19th century, the hub of the renaissance is in Cecil County. Tim Zane, a registered Republican and a former vice president and senior cash manager at a large international bank, is in talks to be in charge of the Maryland branch of the new and improved Modern Whig Party.

Bonsal, Cangialosi Are Baltimore’s Most Popular Angel Investors


Who are Baltimore’s most popular angel investors?

Citybizlist polled our readers to find out the angels that entrepreneurs, wannabe entrepreneurs and the venture community most like.

Frank Bonsal Jr. and Greg Cangialosi topped the poll, each winning 20% of the total votes. Mike Lombardi was a close third, with 17% of the votes.

Deric Emry was fourth with 14%, John Commack was fifth with 11% votes and

Ed Chalfin and Dave Troy were joint sixth, with 7% votes each.

Here is a snapshot of the top three angel investors:

Frank Bonsal Jr.
Frank Bonsal Jr. has over 30 years of venture capital experience, starting as a general partner with Alex.Brown & Sons. In 1978, he co-founded New Enterprise Associates, which today is the nation’s largest VC firm with $8.5 billion in managed investments. He has also served as co-founder and director of Red Abbey Venture Partners, a vintage 2004 life sciences fund.

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Kennedy 50 Years Later: Memories of an Old Political Writer



I feel compelled to add my own little stream of memory to the flood of recollections surrounding the 50th anniversary of the Kennedy assassination Friday.

Surely many under 55 must marvel at the way their elders hold onto this event and this flawed man. For me, not only was the assassination part of my adolescent formation, but it had a real influence on my involvement in political life. Combined with the writing that I also did as a youth — I won a newspaper writing contest at age 10 or 11 — I can look back and see the beginnings of the meandering line that brought my career to where I am today.

Baltimore Native and City College Alum David Rubenstein Among America’s Biggest Philanthropists

David Rubenstein

With donations of $1.9 billion, or about 2.6% of his total wealth, Bill Gates tops the list of American philanthropists in 2012, Forbes reported ahead of Thanksgiving. Investment guru Warren Buffet was a close second with $1.87 billion.