Claudia Douglass new senior VP at hospital
Claudia Douglass has been promoted to senior vice president and chief operating officer at Piedmont Medical Center, the hospital announced this week.
Douglass joined Piedmont in 2004 as an assistant administrator. In her new position, she will oversee hospital engineering, laboratory and imaging, security and emergency medical services. She also will supervise food and environmental services and ambulatory services such as physical and occupational therapy.
"I'm excited that Claudia has accepted this new leadership position and am confident that her experience will serve Piedmont well," Piedmont President and CEO Charlie Miller said in a statement.
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With 15 years of health-care experience, Douglass worked in business development and consulting positions prior to coming to Piedmont. She holds a bachelor's degree in business administration from the University of Miami and a master's degree in health services administration from the University of Michigan.
She replaces Ben Frank, who resigned last summer to return to his home state of Louisiana.
Panorama seminar focuses on planning
Panorama Computer Learning will host a seminar titled, "How to Prepare for a Successful Future During Times of Change" from 9 a.m. to 2 p.m. Saturday.
Experts will discuss topics including job search techniques, cover letters, resumes, interviewing success tips, dressing for success, 401K rollover options, tax preparation, managing stress, diet and exercise and an inspirational message.
The seminar will be at the Rock Hill Hilton Garden Inn, off Dave Lyle Boulevard at Interstate 77 Exit 79. Cost is $20, which is tax-deductible. To reserve space, call Susan Woods at 324-3783.
Fannie Mae to cut dividend 30 percent
WASHINGTON -- Mortgage finance giant Fannie Mae on Tuesday announced it was cutting its dividend 30 percent and selling $7 billion in special stock to raise additional capital.
The government-sponsored company said it was slicing its dividend to 35 cents a share, starting in the first quarter of next year, and issuing $7 billion in preferred stock this month to cushion against losses in lower-quality mortgages.
Fannie Mae, which finances or guarantees one of every five home loans in the United States, last month reported a third-quarter loss of $1.4 billion.
, while forecasting housing market woes through next year because of mounting home loan delinquencies.
The action follows similar moves recently by Freddie Mac, its smaller government-sponsored rival in the $11 trillion home-mortgage market, which posted a $2 billion loss in the third quarter.