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While perusing the results of our annual Star 50 data crunch, the temptations of pro forma accounting become obvious.
This edition of Star 50 is the 18th produced by The Kansas City Star and provides a comprehensive overview of the region's leading businesses by ranking their performances. And this year we are offering searchable databases that will allow you to explore the universe of companies in whatever fashion suits your needs
Executives' compensation information was taken directly from proxy statements of Star 50 companies and reflects new reporting formats established by the Securities and Exchange Commission. Star 50 companies not listed had not yet reported compensation by April 20.
Garmin Ltd. lived out a corporate fairy tale in 2007. Entranced by pocket-size gadgets that offered directions, played music and even answered cell-phone calls, consumers by the millions fell in love with the Global Positioning System.
Executives’ compensation information was taken directly from proxy statements of Star 50 companies and reflects new reporting formats established by the Securities and Exchange Commission.
Profits were harder to come by for many of the region’s companies last year. The squeeze came from major merger missteps, rising costs for energy and labor, and losses related to the meltdown of the subprime mortgage industry.
Among Star 50 companies, Kansas City Southern is sizable in terms of revenue and market value. But compared with its competitors, it’s easily the smallest of the country’s major railroads.
Even before the economy reached what many believe is a recession, it had slowed way down, depressing sales growth for many companies.
Companies often turn to initial public offerings of stock when they need the cash to grow their business, reduce debt or pay back investors.
Gary Forsee, former chief executive of Sprint Nextel, the Kansas City area’s largest home-based public company, now leads the four-campus University of Missouri system as president.
Only about 80 percent of what employers pay their workers actually shows up in paychecks. The rest, according to numbers crunched by the Economic Benefit Research Institute, or EBRI, pays for employee benefits such as retirement plans, health and disability insurance, and other perks often tailored to fit circumstances in individual workplaces.
This edition of Star 50, the 18th produced by The Kansas City Star, provides a comprehensive overview of the region’s leading businesses by ranking their performances.
Here is the business news staff of The Kansas City Star.
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