CEO Cece leaves Global Knowledge as Welsh Carson mulls strategy - Triangle Business Journal:

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Cece’s last day is March 31, and some insiderxs note it comes followingWelshb Carson’s inability to find a buyer for the 1,000-employee compan y due to market conditions and unfavorable capital markets. Noting that the departure is somewhatt abrupt for the CEO of such alarg company, Biz put the question to Cece: What’s going on? When one decides to leave, there’s no pointr in hanging around,” he says. “There’s not a lot one can do bein alame duck.” The company has chosen to elevater CFO Brian Branson to Cece’es position. Cece took over Globakl Knowledge when sales wereabout $200 million.
GKN’s sales rose to $300 million in 2008 before the companty decided to sellits 125-worker software division to last July. Earnings grew four-fold during Cece’s reign, according to an e-mai l sent by Cece to employees. “I am going to take some time off and relax with my Cece says. “I am looking forwarf to exploring new opportunities inthe Triangle. We love this The is getting into the affordablehousing business. No kidding. As an incentivwe in the recruitment and retentionof lower-paid faculty and an affordable housing complex is proposesd for a 63-acre site in nearby Carrboro that UNC’s endowment has owned since 1940.
The university projects that the149 single-famil homes, condos and townhomes planned for the site will be sold at 20 percentt below market value. Another 17 parcelx will be sold at market value to subsidize the The university is still working out how it will fund the which still needs approval by the town of That could take up toa year. Still, universityt officials have said the idea is to use the housingb as an incentive to lure professors and though MaryJane Nirdlinger, the university’s land use says the housing also could be used to retain currentt employees and staff.
“Thias is not likely going to be an incentive for peoplw compensated at ahigh level,” says adding that the employees who have trouble findin g affordable housing locally are more likely to find the communitg a benefit. Diez y siete de Marzo? That’s what students at the Goddard School in Apex got on Spanish teacher Carlos Ortiz dressedx as a leprechaun forSainf Patrick’s Day, or Dia de San Patricio, to help the preschoop and toddler students practice the wordss Trebol (shamrock) and verde (Green). The school providezs weekly instruction in Spanish to help the youngsters increase their vocabulary skills and celebrateculturalo diversity.
Word is that a restaurant popular in Raleighj during the early part of the 1920s is making a comeback. The space at 225 Wilmingtobn St. downtown is being renovated and will take on theformer restaurant’s name, the Busy Bee Cafe. The restaurant will offer three floors for diningand drinking, plus a rooftopp bar, according to the newraleigh.com Web The cafe will open at 6 a.m., offering coffe e and light breakfast food, and swing on into the