HOOVER FINANCIAL ADVISORS ADDS TAX SPECIALIST

Malvern, PAJohnFureyHoverAssociates2014-0009-1, recently joined Hoover Financial Advisors as a senior tax advisor. His appointment was announced by Peter K. Hoover, CFP, president and HFA founder. “We are delighted to have someone with such impressive credentials on our team,” says Hoover. “He is an asset for clients, particularly seniors.”

Furey’s primary duties are to help HFA clients with tax planning and preparation. His expertise concerning executive compensation tax implications, stock options and restricted stock, 401(k), pension plans and employee benefits is essential in guiding clients to financial goals and comfortable retirement. In addition, Furey’s knowledge of the intricacies of incentive programs and deferred compensation is beneficial in the tax planning process. He is a volunteer preparer through the AARP tax aide program. “I enjoyed learning how to apply HFA’s state-of-the-art software to my job. I first came here as a seasonal tax preparer and it evolved into an exciting and challenging year ‘round position,” concludes Furey.

Furey was an executive for Campbell Soup Company for more than 25 years. He served as vice president and corporate secretary for 18 years and received Campbell’s prestigious Influence with Honor leadership award. He holds a bachelor’s of science degree in business administration from Villanova University. He earned a doctor of jurisprudence and master of laws in taxation from Villanova, as well. Furey and his wife Jill reside in Villanova.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. Two years ago, HFA was selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at www.petehoover.com or call 610.651.2777. To reach Furey, call the tax department at 610.651.2777 (Ext. 123).

Campbell’s CEO Vows Commitment To Camden

Logo of Campbell's Soup Company

Logo of Campbell’s Soup Company (Photo credit: Wikipedia)

When it comes to keynote speakers, the International Economic Development Council’s choice of Denise Morrison Tuesday was inspired.

There are few Fortune 500 CEOs as uniquely qualified to speak about bolstering a ‘ backyard as Morrison, who is now two years into a tour of duty as head of Campbell Soup Co.

As Campbell’s CEO, she has remained committed to keeping the retail food giant squarely in the corner of its struggling hometown.

“I believe in the future of Camden,” she told a packed IEDC conference at the Philadelphia Marriott, “and so does Campbell.”

Read more at http://www.philly.com/philly/business/20131009_Campbell_s_CEO_vows_commitment_to_Camden.html#DmlPC4oGU644ehpE.99

The 10 Most, Least Respected U.S. Brands

Logo of Campbell's Soup Company

Logo of Campbell’s Soup Company (Photo credit: Wikipedia)

The consulting firm CoreBrand did a report on the country’s most- and least-respected brands, and there’s good news for several Pennsylvania and New Jersey businesses.

Pennsylvania chocolate-maker Hershey’s is the third-most-respected brand in the nation, CoreBrand found.  Also making the most-respected list were Johnson & Johnson, headquartered in New Brunswick, N.J., and Campbell’s Soup, headquartered in Camden.

However, Camp Hill, Pa.-based Rite Aid didn’t fare as well, making the least-respected list.

Read more at http://www.philly.com/philly/blogs/phillylists/The-10-most-least-respected-brands.html#GMtoLqXXpcd6fYmM.99

Children’s Hospital Of Philadelphia Gets $50 Million Gift For Advanced Care Center

Children’s Hospital of Philadelphia will announce on Tuesday its biggest gift ever: $50 million toward the $425 million cost of an outpatient center rising on the institution’s University City campus.

The Buerger Center for Advanced Pediatric Care, named for a family that owns a Fort Washington financial-services firm, will become the hub for complex outpatient care in the hospital’s network in Southeastern Pennsylvania and New Jersey.

The donation is part of a $100 million capital campaign to help pay for the facility, expected to open in 2015. Remaining costs will be paid through additional philanthropy and money from operations.

Spearheading the family’s gift was Reid Buerger, who said his view of Children’s, frequently ranked among the best of its kind nationally, took on deeper significance when he was looking forward to fatherhood several years ago.

Read more at http://www.philly.com/philly/business/20130625_Children_s_Hospital_gets__50_million_gift_for_center.html#d5XYbYJiCEFCdIaI.99

Linden Hill: An ‘Open’ House For Just $24.5 Million

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

Linden Hill, the Gladwyne estate once owned by Campbell Soup heir John T. Dorrance Jr., is on the market for $24.5 million.

The secluded, 50-plus-acre property at 1543 Monk Rd., with its 14,000-square-foot, 20-room Norman-style manor house, formal gardens, orchards, two heated pools, pool house, and tennis court, has been owned since 1999 by Robert L. Burch, a venture capitalist and, with his brother, J. Christopher Burch, cofounder of Eagle Eye, a retailer of outdoors sportswear they sold the same year.

Robert Burch is chief executive officer of UgMO Technologies of King of Prussia, which develops irrigation systems.  He declined to be interviewed.

The property listing was activated Monday in time for the start of this week’s U.S. Open at Merion Golf Club. John C. Dubbs and Eleanor Morsbach Godin, of Prudential Fox & Roach in Malvern, believe the tournament will give the residence national exposure.

Read more at http://www.philly.com/philly/classifieds/real_estate/20130611_Linden_Hill__an__Open__house_for_just__24_5M.html#uifd7h0vT6i3DKma.99

Who Are The Richest People In The Philadelphia Region?

Logo of Campbell's Soup Company

Image via Wikipedia

According to the 2011 Forbes 400 Richest Americans List, there are only two billionaires in the Philadelphia region.  They are:

Campbell Soup heiress, Mary Alice Dorrance Malone is 188th on the list with a fortune of $2.2 billion.  The 61-year-old lives in Coatesville.  Malone is divorced with two children.  She has a Bachelor’s Degree from the University of Arizona.  Mary Ann sits on the board of Campbell Soup, along with her brother.  Campbell’s is the largest soup company in the world.  Ms. Malone is a horse breeder and owns a farm, in addition to her duties at Campbell Soup.

Jeffrey Lurie, a self-made millionaire who owns the Philadelphia Eagles.  The 60-year-old Lurie lives on the Philadelphia Main Line in Wynnewood.  He is married and has two children.  Lurie has a doctorate from Brandeis University.  His fortunate is listed at $1.1 billion and he is number 375 on the list.

“M’m, M’m Layoff” Campbell’s Soup To Cut 770 Jobs

Logo of Campbell's Soup Company

Image via Wikipedia

 

 

 

 

 

The Campbell Soup Company is laying of 770 people worldwide, including 130 at their Camden, NJ headquarters.

The layoffs represent 4 percent of Campbell’s workforce and will save the company $60 million.  Soup sales are declining domestically and Campbell’s attempts to enter foreign markets has met with minimal success.