fb-pixel Skip to main content
Talking Points

Ex-BJ’s Wholesale executive joins Massport’s board

Laura Sen, the former chief executive at Westborough-based BJ’s Wholesale Club, has been appointed to the seven-member Massport board.
Laura Sen, the former chief executive at Westborough-based BJ’s Wholesale Club, has been appointed to the seven-member Massport board.Dina Rudick/Globe Staff/File 2013/Globe Staff


Former BJ’s Wholesale Club exec to Massport board

One of the Boston area’s most prominent female executives has taken on a new assignment: board member at the Massachusetts Port Authority. Governor Charlie Baker has appointed Laura Sen, the former chief executive at Westborough-based BJ’s Wholesale Club, to the seven-member Massport board. Sen had been chief executive from 2009 through January 2016 and remains with BJ’s as a nonexecutive chairman. She is replacing Michael Angelini, a lawyer who had been appointed by Governor Deval Patrick and served out his seven-year term. He recently served as Massport’s board chairman. Sen is the fourth Baker appointee to join the board since his term started in 2015. The list of Baker appointees also includes Stephanie Pollack, who serves on the board because she is Baker’s transportation secretary. — JON CHESTO



Tim Cook reaps huge payout

Apple chief executive Tim Cook has collected $89.6 million as part of a lucrative 10-year deal that he signed as an incentive to keep the iPhone maker at the forefront of the technology industry after he took over the reins in 2011 from company cofounder Steve Jobs. The windfall detailed in a Monday regulatory filing flowed from 560,000 Apple shares sold during the past week. Cook received half the award because Apple’s stock delivered shareholder returns in the top third of the Standard & Poor’s 500 index during the past three years. He got the other 280,000 shares for simply staying on the job. Apple set aside more than 291,000 shares sold for $46.4 million to cover Cook’s tax bill. The stock package awarded to Cook in 2011 was originally valued at $376 million. — ASSOCIATED PRESS


Former UAW official pleads guilty to conspiracy

A former United Auto Workers associate director has pleaded guilty to misusing money from Fiat Chrysler that was intended to train blue-collar workers. Virdell King, 65, pleaded guilty Tuesday in Ann Arbor, Mich., to one felony count of conspiracy to violate the Labor Management Relations Act. Under a plea agreement, she faces up to 16 months in prison and restitution payments of up to $15,000. A judge set her sentencing for Jan. 3, 2018. King is the second person to plead guilty in the case. The government says former Fiat Chrysler labor executive Al Iacobelli provided UAW officials with credit cards linked to the company-sponsored training center. Iacobelli has pleaded not guilty. — ASSOCIATED PRESS



Schwarzenegger offers consumer advice in Britain

The Terminator is back to give financial advice. Arnold Schwarzenegger is helping Britain’s financial regulator urge consumers to file claims if they were improperly sold payment protection insurance on loans and credit cards. Schwarzenegger appears in a Financial Conduct Authority ad publicizing the Aug. 29, 2019, deadline to make the claims. An animatronic model of The Terminator’s head rolls around a grocery store on tank tracks warning customers to ‘‘Make a decision! Do it now.’’ Authorities estimate 64 million PPI policies were sold along with credit cards, store cards, and mortgages between the 1990s and 2010. The contracts were supposed to cover payments for people who couldn’t make them, but the FCA says they were often sold improperly. Some $35 billion has already been repaid.


At 1,200 feet long, French container ship sets US record

The largest container ship ever to reach the United States has docked in Virginia. The French-owned CMA CGM Theodore Roosevelt arrived in Norfolk on Monday from Asia after setting another record as the largest ship ever to traverse the newly expanded Panama Canal. At 1,200-feet, the vessel is longer than the new USS Gerald R. Ford aircraft carrier, and can carry the equivalent of 14,400 20-foot-long cargo containers. That’s nearly 10 percent more than the COSCO Development, a huge ship that broke the previous record in May. The Port of Virginia is one of only four East Coast ports with the 50 feet of depth at low tide desired for these massive ships. More are seeking funds to deepen their channels. — ASSOCIATED PRESS



Russian company unveils crowd-control vehicle

Russia’s Kalashnikov company, the maker of the prolific assault rifle, has presented a new product: a formidable crowd control vehicle. The Shchit (Shield) anti-riot vehicle is based on a heavy truck with a broad extendable steel shield attached to its front. The machine has ports in the shield for firing projectiles and also carries a water cannon. The company introduced the new design at a Moscow arms show last week saying it was developed for Russian law enforcement agencies. Kalashnikov described the vehicle as the most advanced of its kind in the world. Russia’s newly formed National Guard has recently received an array of equipment for dispersing demonstrations, reflecting what is widely seen as Kremlin concern about possible mass protests amid Russia’s economic troubles. — ASSOCIATED PRESS


Reports of Maine plane crash were wrong

A plane crash reported during the weekend in the waters off the Maine coast wasn’t a crash at all. California-based airplane manufacturer ICON said Tuesday that one of its A5 amphibious aircraft landed in the water and was lifted by crane onto a yacht by its owner. Witnesses who saw the plane skip across the water thought they’d witnessed a crash and notified the York Police Department, which responded accordingly on Friday. The incident was reported by several media outlets. The Police Department notified the Federal Aviation Administration. An FAA spokesman said Monday that there’s no investigation and the landing was a ‘‘routine event.’’ — ASSOCIATED PRESS


Rock band sues former lead singer over trademark

Members of the Oklahoma-based rock band Hinder have filed a trademark infringement lawsuit against the group’s former lead singer. The lawsuit filed Friday in federal court in Oklahoma City alleges Austin John Winkler unlawfully used the band’s trademark to promote his solo career after leaving Hinder in 2013. A Winkler representative didn’t immediately respond to an e-mail seeking comment Tuesday. The lawsuit, first reported by The Oklahoman, says an agreement with former bandmates allows Winkler to promote himself as ‘‘Austin Winkler, formerly of Hinder.’’ But the suit claims promotional material for a 2016 tour suggests his performances were as or on behalf of Hinder. Hinder formed in 2001 and is best known for the 2006 hit ‘‘Lips of an Angel.’’ — ASSOCIATED PRESS


VW issues recalls for Passat, CC models

Volkswagen is recalling almost 281,000 CC and Passat sedans and wagons in the United States because the fuel pumps can fail and cause the cars to suddenly stall. The recall covers the CC from the 2009 through 2016 model years, as well as the Passat sedan and wagon from 2006 through 2010. All have four-cylinder gasoline engines. VW says in government documents that the fuel pump control computer can lose electrical power. That can stop gas from flowing and cause the engine to stop. That problem also can make the fuel pump continue running after the car is shut off. VW will notify owners about the problem in October and send a second letter when replacement computers are available. — ASSOCIATED PRESS