Your lunchtime look at D-FW business [Your lunchtime look at D-FW business]
July 24, Â 2018
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Texas Instruments said it won't pay a severance to former CEO Brian Crutcher, who resigned suddenly last week after violating the company's code of conduct. (David Woo/The Dallas Morning News)
feaTured columnist: Mitch Schnurman
TIâs CEO cashed out before he was forced out, but the spigot is turned off now
Rich Templeton, the Texas Instruments chairman who returned to the company to again take the helm as president and CEO, said Crutcher's violations clashed with TI's ethics and core values. That may explain why Crutcher will not get a severance package.
[TI executives who resign are typically offered a 12-month paid leave of absence in exchange for a noncompete, nonsolicitation agreement and a release of claims against the company](, the proxy said.
During that one-year leave, the executiveâs stock options continue to become exercisable and the restricted stock grants continue to vest. In Crutcherâs case, those awards represented a major windfall.
Over 300,000 options would have been exercisable in January and nearly 51,000 shares would have vested that month. Together, they were worth over $20 million.
The Latest
Lockheed Martin to hire 400 people in Fort Worth
Maryland-based defense company [Lockheed Martin]( builds state-of-the-art F-35 jets at its Fort Worth plant.
China: AA, Delta must say Taiwan is part of China
Beijing has insisted that carriers change references to Taiwan on their websites to "[Taiwan, China](" by Wednesday.Â
Businesswomen could be 'in charge' with card in 1975
In 1975, if a businesswoman wanted to be in charge during a business dinner with her male colleagues, all she needed was a card. [Or, that's what a Dallas institution hoped](.
Investors snap up NE Dallas industrial park
The 4-building [Northgate Business Park]( dates to the early 1980s and is located at Miller Road and LBJ Freeway.
Waterscape community opening northeast of Dallas
Bloomfield Homes, Highland Homes, HistoryMaker Homes and Impression Homes are constructing houses in the project's first phase. [About 50 homes have been sold](.
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Executive changes
- GIRLS INC. OF METROPOLITAN DALLAS named four new board members for its 2019-20 fiscal year: Raja Doddala, Gretchen Ganc, Neeti Khaitan Gupta and Michelle Peak.
- HIERSCHE, HAYWARD, DRAKELEY & URBACH PC promoted Chris Summers to shareholder.
- KTVT-TV (CHANNEL 11) and KTXA-TV (Channel 21) promoted Andrea Parquet-Taylor to vice president and station manager.
- NRT named Charles El Moussa president of its Coldwell Banker branded operations in Texas.
- ORSINGER, NELSON, DOWNING & ANDERSON LLPÂ promoted Chris Oldner and Holly Rampy Baird to partner.
Plus: [Find more executive changes](
Volume Frisco (2016), by Leo Villareal, is an art installation at The Star in Frisco. (Vernon Bryant / Staff Photographer)
architecture critic: Mark Lamster
With The Star in Frisco, the Dallas Cowboys build a football Oz
In Frisco, Jerry Jones has built the Cowboys a genuine capital, a shimmering football Oz that emerges like a spectral vision from the blank canvas of North Texas nothingness. It is a miniature city, a 91-acre branded corporate headquarters and entertainment complex dedicated to football, consumption and â above all â profit.
As at the team's AT&T Stadium in Arlington â a.k.a. Jerry World â the architectural language of The Star is unapologetically modern. It is a city of reflective surfaces, of glass and metal and white concrete that dazzles in the sun, and it is blessedly free of the kitschy, nostalgic elements common to sports design. "We talk about the past but we build for the future," a team representative told me.
[This is not the warm, regionally inspired Texas modernism of reimagined vernacular forms and local materials](. It is the more frigid, corporate variety, sharp-edged and antiseptic â both metaphorically and literally. The Star is fetishistic in its orderliness and in its cleanliness.Â
Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges.Â
DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them.Â
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