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Executive salaries increase with deficit at Georgetown Univ.

June 2, 2011

Georgetown University faced a $21,493,687 deficit in its operating budget in fiscal year 2010, reported Vox Populi, but salaries of the University's top coach and executives increased across the board. The highest salary by far, earned by basketball coach John Thompson III, ballooned to almost $2 million, while President Jack DeGioia earned about half that, garnering one-tenth the annual increase scored by Thompson. 

John Thompson's increase in his and seven of the other 15 highest salaries during fiscal year 2010 outpaced the 2.5 percent increase DeGioia recommended for regular faculty members in January 2010. The top five earners, according to tax filings:

  1. John Thompson III, Coach: $1,894,988 (+3.57%)
  2. John J. DeGioia, President: $911,918 (+0.03%)
  3. Howard J. Federoff, Executive VP, Health Sciences: $781,730 (+1.62%)
  4. Lawrence E. Kochard, Chief Investment Officer (former): $736,592 (+4.90%)
  5. Louis M. Weiner, Director, Lombardi Center: $633,238 (+0.06%)

Meanwhile, the Unversity's endowment grew by 12.5 percent to $1,007,299,044, about 95 percent of its value July 1, 2008.


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May Mingling at Dean & Deluca Georgetown

May 19, 2011

Iconic purveyor of fine foods and wine, Dean & Deluca opened their sliding patio doors Wednesday to welcome Georgetown’s business leaders. A perfect spot on a warm spring evening where Georgetown Business Association (GBA) president Joe Giannino, along with Rokas Beresniovas (vice president), Riyad Said (treasurer), and Beth Webster (secretary) greeted members and friends at this month’s networking reception.

Bank of Georgetown's Bo Jonsson with W.C. & A.N. Miller's Trinity Jennings (Photo by: Judith Beermann) Bank of Georgetown's Bo Jonsson with W.C. & A.N. Miller's Trinity Jennings

Introduced to the GBA a few months ago by events chair, Sue Hamilton, Trinity Jennings, realtor for W.C. & A.N. Miller told The Georgetown Dish, “I live next door at Georgetown Park, and this couldn’t be nicer.”

With wine in hand, over a hundred guests mingled  as they enjoyed the lavish spread created by Dean & Deluca’s chef Sean McIntosh. Sushi, chicken skewers, lamb crostini, and beef wellington shared the spotlight with a dessert table with Cakes by Randolph. 

Dean & Deluca's chef Sean McIntosh and director of catering, Janie Mathieson (Photo by: Judith Beermann) Dean & Deluca's chef Sean McIntosh and director of catering, Janie Mathieson

As McIntosh said, “When I started eight months ago, I wanted to keep Georgetown’s signature specialties (chicken empanadas, lasagna Bolognese, and crab cakes) but I also wanted to add some seasonality with some new items like sweet Thai chili and duck, barbeque chicken and pasta salad.”

The Current publisher Davis Kennedy with GBA's Beth Webster (Photo by: Judith Beermann) The Current publisher Davis Kennedy with GBA's Beth Webster

Architect Nir Buras discussed Georgetown buildings, historic and new with City Tavern Club president Richard Meyer, GM Steven Andronico and Rokas Beresniovas. One of the oldest buildings and the last remaining Federal-period taverns in the city, City Tavern Club will host GBA's senior advisory luncheon in June.

Nir Buras, Rokas Beresniovas, and City Tavern Club's GM, Steven Andronico and president Richard Meyer (Photo by: Judith Beermann) Nir Buras, Rokas Beresniovas, and City Tavern Club's GM, Steven Andronico and president Richard Meyer

GBA president Joe Giannino with BID executive director Jim Bracco (Photo by: Judith Beermann) GBA president Joe Giannino with BID executive director Jim Bracco

D&D's manager Daniel Coor with assistant GM, Eric Forsythe (Photo by: Judith Beermann) D&D's manager Daniel Coor with assistant GM, Eric Forsythe

House of Sweden's GM Cecilia Browning with GBA's Rokas Beresniovas (Photo by: Judith Beermann) House of Sweden's GM Cecilia Browning with GBA's Rokas Beresniovas

Trinity Jennings with GBA's Joel Bennett and George Maynard (Photo by: Judith Beermann) Trinity Jennings with GBA's Joel Bennett and George Maynard

Chicken skewers with tasty dips & chips (Photo by: Judith Beermann) Chicken skewers with tasty dips & chips

The Current's Mary Kay Williams with American River Taxi's Shaun Guevarra (Photo by: Judith Beermann) The Current's Mary Kay Williams with American River Taxi's Shaun Guevarra

For more information about GBA and upcoming 2011 events, contact www.gtownbusiness.com

GBA's Sue Hamilton, Rokas Beresniovas and Amy Bridges greet guests (Photo by: Judith Beermann) GBA's Sue Hamilton, Rokas Beresniovas and Amy Bridges greet guests

 


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No rowboat required: Sequoia at Washington Harbour is open

May 16, 2011

Yes, they are OPEN.  And you don't even need a rowboat to get there. Despite what you may have heard, Sequoia is OPEN for business, not just some of it, but all of it, including the outdoor patio. With Washington Harbour's only working fountain, you can enjoy the warm weather while you sip on delicious cocktails, watching the crewing on the Potomac and boats dock at the boardwalk. Stay awhile and sit under the stars as you dine.

Sequoia's dining room (Photo by: Sequoia Restaurant) Sequoia's dining room

The big news is that their executive chef, Darek Tidwell, and his culinary team are creating small miracles every day in the kitchen. He's got a new Spring/Summer menu. With some wonderful exciting new dishes on the menu like the Lobster Mac & Cheese and the Crispy Duck Breast,  whatever you choose, your dining experience is sure to be memorable.

Don't miss out on the amazing Sunday brunches.

Inside Sequoia (Photo by: Sequoia Restaurant) Inside Sequoia

Sequoia is located at 3000 K Street at Washington Harbour. Tel. 202.944.4200


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