Less than a year into the job, Brookstone Inc.’s chief executive Stephen Bebis has resigned from the New Hampshire electronics chain. On Thursday, James M. Speltz, who previously served as the company’s chief operating officer, took over the as the new president and chief exxecutive. The move comes several days after Brookstone reported net sales in the fourth quarter dropped 8 percent to $233 million and sales at stores open at least a year decreased 3.5 percent. “I look forward to building upon the strength of the Brookstone brand, continuing the significant progress we have made over the past few years, and expanding upon our business development initiatives,” Speltz, who has worked at Brookstone since 1998, said in a statement Good news for teenage job seekers: You don’t really need a college degree to work at a Massachusetts McDonald’s. State Street Corp. chief executive Joseph L. Hooley earned total compensation of $15.6 million last year, a 3.5 percent decline from 2011, according to the company’s annual proxy statement released Thursday. Hooley’s base pay remained at $1 million, while his stock awards were $10.6 million, and his cash incentive pay was $1.1 million. The proxy statement said he demonstrated strong leadership “despite an uncertain economic environment and the effects of that environment on revenue growth.” Hooley received nearly $300,000 in “other” compensation, including $27,852 for a car and driver, $9,336 for security, and $30,000 in matching charitable contributions. In January, State Street announced it would lay off 630 employees, or 2 percent of its work force, including 260 in Massachusetts. Her book may have spurred criticism in some quarters, but the message delivered by Facebook’s Sheryl Sandberg Thursday in Boston was embraced unabashedly by an enthusiastic audience at the Seaport Hotel. The company’s chief operating officer urged women to believe in themselves, be ambitious and lead. That is, in her own words, to “lean in.” Sandberg spoke to hundreds of professional women at a luncheon, one of a series of events she is scheduled to hold in the area as part of a national campaign to promote her newly released best-selling book, “Lean In, Women, Work, and the Will to Lead.”“The best way to reform an institution is to run it,’’ Sandberg said. “No one listens to the person on the side of the room.” Boston will become the first market to get a new generation of Bank of America automatic teller machines that will offer video chats with tellers and other services. The state is suing a Brockton for-profit school, saying it falsely promised to train graduates for well-paying positions in the medical industry, made misleading claims about job-placement success rates, and left many students mired in debt. The presidents of Beth Israel Deaconess Medical Center and Lahey Clinic told employees and affiliates Wednesday they are in preliminary talks with each other and three doctors groups about an alliance that could rival Partners HealthCare in scale and reach. In a letter to vice presidents, physicians, and managers that was obtained by the Globe, new Beth Israel Deaconess president Kevin Tabb said the hospital is “exploring new possibilities to benefit our patients and the communities we serve.” Lahey chief executive Howard Grant told colleagues, “Our organizations share the same vision of providing outstanding care in the right place at the right time.” Besides Beth Israel and Lahey, the parties involved include the Harvard Medical Faculty Physicians at BIDMC group, the Lahey Clinic Physicians Group, and Atrius Health. | | |
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