CVPS honors retiring CEO Bob Young, plans for future with Larry Reilly

first_imgCentral Vermont Public Service (NYSE-CV) honored retiring leader Bob Young at the annual meeting of shareholders today, and set out a bold new vision aimed at improving value for customers, shareholders and the state of Vermont. Lead Director Bill Sayre honored Young for transforming CV during his tenure as president, and presented him with a framed page from the Congressional Record that included a speech from Representative Peter Welch, D-VT, who feted him on the House floor. ‘When Bob Young became president, that utility faced many challenges,’ Welch said in the speech. ‘He faced them directly: rising costs, transmission system upgrades, a customer base that wanted reliable power but green power. Bob Young succeeded in making CVPS an award-winning company. He focused on customer service and environmental concern and stewardship, proving that green power could be reliable and affordable.’ Sayre showed a brief film of Welch’s speech, and praised Young for what he called his gentlemanly ways even in difficult times. ‘Bob had to orchestrate the complete reorganization of the company in the late ‘90s, the rebuilding of a clean, affordable power supply over the past few years, and the rehabilitation of CV’s reputation starting on day one,’ Sayre said. ‘Perhaps most importantly, he led senior management, the board and employees through a cultural transformation that is the stuff of business textbooks. Through it all, Bob remained focused on the big picture, and provided employees and the board of directors with a steady hand and calm, thoughtful guidance. ‘Bob revamped this company from top to bottom, improving its way of thinking, its environmental footprint, its commitment to customers and Vermont, and indeed its very soul. The CV Bob leaves today is a dramatically better company than the one he took over on December 31, 1995, and he deserves tremendous credit for that,’ Sayre said. ‘I am truly proud of the work we have done,’ Young said. ‘We’ve turned CV into a solid investment, a civic leader, an environmental steward, a great place to work, and a values-based, customer-focused business that is the envy of many in the industry. We’ve certainly faced many trials and tribulations over the years, but we’ve acted with integrity, and our employees have become true ambassadors for the company.’ Young praised CV’s employees, who he said were committed to customers and shareholders alike, and his successor, Larry Reilly. ‘He’s humble, intelligent, collaborative and focused, and he constantly espouses a belief that I have held every day at CV: Value creation for shareholders has to begin with value creation for our customers,’ Young said. On that point, Reilly announced a new CV vision: to be the best small utility in America. ‘We think we already are one of the best small utilities in America ‘ but we aren’t satisfied with that,’ Reilly said. ‘We’ll work extremely hard to get even better.’ Reilly said CV would work to improve already-high customer satisfaction and reliability; provide rates that are competitive in the Northeast; protect the environment; give customers new tools to manage energy consumption and reduce their costs and environmental footprints; demonstrate and expand CV’s corporate citizenship; and provide exceptional value for shareholders over time. ‘All that adds up to a tall order,’ Reilly said. ‘But the board, officers and employees are committed to our new vision, and will work hard every day to achieve itâ ¦ From J.D. Power scores to third-party assessments of CVPS SmartPower®, from total shareholder return to independent reviews of our corporate governance and management, we will look at every aspect of the company. Measures we’ll rely on will include bond ratings, dividends, carbon footprints, environmental achievements, bill comparisons, service quality matrices, surveys and a host of other independent measuresâ ¦ ‘CV already excels in many, many ways, and we wanted to create a vision to help management and employees build on our successes, ward off complacency, and continue to improve our value for all stakeholders,’ Reilly said. ‘I think we’ve done just that. This will not happen overnight. Just as it took many years for Bob Young to lead the way to CV’s turnaround and make the company the success it has become, we are in this for the long haul. We have no illusions about how much work will be required to achieve our vision. ‘But CV and its employees have demonstrated a substantial ability to develop and implement plans to improve service, reliability and value over a period of years. The difference this time will be that we are beginning from the great spot that Bob will leave us, with a team of employees dedicated to each other, our customers and our shareholders.’ May 3, 2011. Photos of Bob Yound and Larry Reilly courtesy of CVPS.last_img read more

Big bank riskiness — not mergers — should concern Americans

first_imgFrom 2008 to 2018, 5,056 banks and credit unions merged — that is approximately 459 per year, 38 per month and more than one per day over an 11-year period. And to this day, the industries continue to consolidate.This week, lawmakers on Capitol Hill will examine additional bank mergers. But it is not an institution’s size alone that should give lawmakers pause, as there is nothing inherently wrong with mergers, but rather the risks a particular institution and its business practices may pose to the U.S. economy.Ahead of the August recess, what lawmakers should be discussing are the potential benefits of a modern Glass-Steagall Act and the economic impact of excessive, unbridled risk-taking by Wall Street banks.Without Glass-Steagall, American taxpayers are responsible for losses, as big banks count on the Federal Deposit Insurance Corporation’s insurance fund to back up their risky trading activities. Yet, all profits from these gambles head straight into the coffers of bank shareholders. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Why Unai Emery has benched Pierre-Emerick Aubameyang for Arsenal vs Southampton

first_img Metro Sport ReporterSunday 24 Feb 2019 2:14 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Why Unai Emery has benched Pierre-Emerick Aubameyang for Arsenal vs Southampton Comment Pierre-Emerick Aubameyang was named as a substitute against Southampton (Getty Images)Unai Emery has opted to bench Pierre-Emerick Aubameyang for Arsenal’s clash with Southampton because he wants ‘fresh players’.The 29-year-old is Arsenal’s top scorer this season with 18 goals, with Alexandre Lacazette just behind with 12 goals.Lacazette was suspended for Arsenal’s clash with BATE Borisov in the Europa League on Thursday evening, which meant Aubameyang played a full game at the Emirates Stadium.And so Emery has decided to rest Aubameyang for Sunday’s clash against Southampton and start Lacazette in attack as the Gunners continue their push for a top-four finish in the Premier League. Aubameyang is Arsenal’s top scorer this season with 18 goals (AMA/Getty Images)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘We needed fresh players with energy today and quality,’ Emery told Sky Sports.AdvertisementAdvertisement‘They are a very physical team, organised and are going to work hard against us. We need to start with a team which is fresh and has energy.‘We want to continue being consistent, and with a big intensity and aggressiveness like Thursday.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisementlast_img read more

Area Basketball Scores (12-15)

first_imgArea Basketball ScoresSaturday  (12-15)Boys/Girls Basketball DHBoys-East Central  55     Batesville  46Girls-East Central  44     Batesville  32Boys ScoresOldenburg  50     Rising Sun  34Jac-Cen-Del  62     Trinity Lutheran  55South Ripley  67      South Decatur  64Morristown  74     Milan  71Greensburg  70     Franklin County  23North Decatur  77     Triton Central  61Connersville  42     Richmond  39Rushville  63     Centerville  37South Dearborn  76     Ludlow  65SW-Hanover  79     Jeffersonville  52SW-Shelby 82     Waldron  47Monrovia  52     Edinburgh  26Jennings County  65     Seymour  46Madison  79     Austin  46The Freshman Boys Basketball Team lost in the final game to Shelbyville in the Batesville Invitational on Saturday, 39-27.Batesville was led in scoring by Eli Pierson (12) and Ian Powers (6). They won their first round matchup against Hauser, 42-30. Batesville was led in scoring by Eli Pierson (15), and Cody Mohr (11). Courtesy of Bulldogs Coach Sean Boyce.Girls ScoresOldenburg  43     Trinity Lutheran  39Morristown  66     Milan  50Lawrenceburg  48     Rushville  44Trimble County  58     SW-Hanover  43Winchester  67     Union County  44last_img read more

Clippers searching for answers after losing streak reaches six games

first_img Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — The Clippers were angry and frustrated after their sixth consecutive defeat, a 109-105 loss Monday to the Philadelphia 76ers at Staples Center. Anger can be a powerful but useful emotion in lifting a team from a slump. Frustration can be a negative emotion, creating self-doubt.A season that started with such promise hasn’t reached a breaking point yet, but the Clippers’ lackluster record is a cause for concern. The Clippers (5-8) won their first four games and were 5-2 and atop the Western Conference standings when things suddenly starting going haywire.“Every loss concerns me,” Doc Rivers said. “I like our team. We just have to get right, but I want us to win while we’re not right, and right now we’re not. … I like the positives, which are how hard we’re playing. The negatives are that we ‘re still losing games and we have to be better.”Guarding against frustration is part of getting better, according to the Clippers’ coach. “Oh, absolutely,” he said of combating negative emotions. “You’ve got to get them to see that this is an 82-game season. You win three in a row and you’re back to .500. That’s all it takes. You’ve just got to hang in there. It’s a long season. That’s how we have to think.”Austin Rivers, the coach’s son, agreed. This is no time to panic. Or to pout.“I hope this is one of those things that makes us stronger by the end of the season,” he said in a lengthy state-of-the-team assessment. “It’s easy to do well when everything is going well. When you win five or six in a row, your confidence is sky high and you feel like you’re invincible.“It’s easy to play well when the team is playing well and everyone is doing well.”Injuries have played a significant role in the Clippers’ longest losing streak since a six-game skid in December 2016. Patrick Beverley (knee), Danilo Gallinari (glute) and Milos Teodosic (foot) aren’t expected to play in the Clippers’ game Friday against the Cleveland Cavaliers.center_img They represent three-fifths of the Clippers’ starting lineup on opening night. Recent opponents have been successful in focusing their defensive attention on Blake Griffin, Austin Rivers and Lou Williams in the absence of Beverley, Gallinari and Teodosic.Offensively, the Clippers have become predictable. Williams scored 31 points Monday, and Griffin added 29, but no one else had more than 11. Williams made 9 of 19 shots and Griffin sank 10 of 25, which meant two players accounted for more than half of the Clippers’ 82 field-goal attempts.The Clippers also miss Beverley’s tenacious defense, but there’s been an overall lack of sustained pressure during their six-game losing streak. They gave up 100.1 points while starting the season 5-2, but have surrendered 112.8 during their skid.“You can’t second-guess what we’ve got going here,” Austin Rivers said. “It works. We’re a good team. We’re going to be a playoff team. I have no doubt in my mind we will. I still think we’ll be the fourth or fifth seed (in the Western Conference).“We’ve just got to get one and keep it rolling. I think we’re going to be rolling off seven, eight in a row soon and we’ll be talking about a winning streak. You’ve got to have that mindset, otherwise we’re just playing for nothing. We need this one win to get our team spirit back up.”last_img read more

Victory against Aussies ‘gives extra boost’ for ICC World T20 – Bravo

first_imgMUMBAI, India (CMC): West Indies all-rounder Dwayne Bravo has said their warm-up victory over Australia has lifted the team’s confidence ahead of their opening group game of the T20 World Cup today. West Indies defeated Australia by three wickets on Sunday in a nail-biting game in Kolkata, with one ball to spare. The win came after the Windies had lost their first official warm-up match against hosts India. “It (the win) has done a lot to our confidence. We had a two-week camp in Dubai. We won all our games there in Dubai. We came here and lost our first warm-up game against India, and then to win last night definitely puts us in a good place,” said Bravo. “You know Australia is one of the better teams in world cricket, so to beat them always gives you that extra boost and confidence.” Bravo was part of the Darren Sammy side which defeated Sri Lanka to win the T20 World Cup in 2012. “The World Cup is always a great tournament to be in. I am very excited to be part of yet another World Cup. I was lucky enough to win one (World T20 in 2012). We lost in the semi-finals in the last one (World T20 in 2014),” Bravo recalled. “For us as West Indies team, we want to take one game at a time, and want to obviously qualify from our group and take it from there.” His presence, along with T20 specialist Andre Russell and big-hitting Chris Gayle, is expected to enhance the chances of West Indies, already considered a favourite next to host India. “I focus on my bowling a lot because most teams that I play for in T20 cricket rely on my bowling,” said Bravo, after launching a video, ‘Champion’, by Vega Entertainment and Venus Entertainment. “Yes, my batting is important, but they (the teams) rely on my bowling in tough times and in death overs. Variation is key for my success as a bowler.” West Indies play England at the Wankhede Stadium in Mumbai today.last_img read more