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In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998.
In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998.


In July 2014, Levine oversaw the buyout of Family Dollar by [[Dollar Tree]] in a deal totaling $8.5 billion.<ref name="reuters-buyout">http://www.reuters.com/article/2014/07/28/us-family-dollar-st-offer-idUSKBN0FX0SX20140728</ref> Levine will remain with the company following the merger and be appointed to Dollar Tree's [[board of directors]].<ref name="cltob-buyout">http://www.charlotteobserver.com/2014/07/28/5071476/matthews-based-family-dollar-bought.html</ref>
In July 2014, Levine oversaw the proposed buyout of Family Dollar by [[Dollar Tree]] in a deal totaling $8.5 billion.<ref name="reuters-buyout">http://www.reuters.com/article/2014/07/28/us-family-dollar-st-offer-idUSKBN0FX0SX20140728</ref> Levine was to remain with the company following the merger and be appointed to Dollar Tree's [[board of directors]].<ref name="cltob-buyout">http://www.charlotteobserver.com/2014/07/28/5071476/matthews-based-family-dollar-bought.html</ref> In August 2014 [[Dollar General]] was attempting to usurp the deal, but with little success.<ref name="DollarBid>{{cite news|title=Race to buy Family Dollar heats up with Dollar General hiking bid to $8.95 bn|url=http://www.businesssun.com/index.php/sid/224867655m|date=18 August 2014|accessdate=19 August 2014|publisher=''Business Sun''}}</ref><ref name="BidRebuffed">{{cite news|title=Family Dollar rejects $9.7 bn acquisition bid by Dollar General|url=http://www.charlottenews.net/index.php/sid/224972437|date=21 August 2014|accessdate=22 August 2014|publisher=''Charlotte News.Net''}}</ref>


===Compensation===
===Compensation===

Revision as of 02:02, 23 August 2014

Howard R. Levine is the current Chairman of the Board and Chief Executive Officer of Family Dollar and is the son of Leon Levine, the Founder of Family Dollar.

Education

Levine graduated from the University of North Carolina at Chapel Hill in 1981 with a Bachelor of Science degree.[1]

Career

After graduating from college, Levine worked in the Merchandising Department at Family Dollar, rising to the position of Senior Vice President-Merchandising and Advertising from 1981 to 1987. Thereafter, he served as President of Best Price Clothing Stores, Inc. from 1988 to 1992.[2]

From 1992 to 1996, Levine was self-employed as an investment manager.[3]

In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998.

In July 2014, Levine oversaw the proposed buyout of Family Dollar by Dollar Tree in a deal totaling $8.5 billion.[4] Levine was to remain with the company following the merger and be appointed to Dollar Tree's board of directors.[5] In August 2014 Dollar General was attempting to usurp the deal, but with little success.[6][7]

Compensation

While CEO of Family Dollar in 2009, Howard R. Levine earned a total compensation of $5,612,726, which included a base salary of $948,654, a cash bonus of $1,894,615, stocks granted of $1,338,224, and options granted of $1,308,528.[8]

References

  1. ^ Howard Levine, Wall Street Journal
  2. ^ [1] Wall Street Journal
  3. ^ Howard R. Levine, Forbes.com.
  4. ^ http://www.reuters.com/article/2014/07/28/us-family-dollar-st-offer-idUSKBN0FX0SX20140728
  5. ^ http://www.charlotteobserver.com/2014/07/28/5071476/matthews-based-family-dollar-bought.html
  6. ^ "Race to buy Family Dollar heats up with Dollar General hiking bid to $8.95 bn". Business Sun. 18 August 2014. Retrieved 19 August 2014. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  7. ^ "Family Dollar rejects $9.7 bn acquisition bid by Dollar General". Charlotte News.Net. 21 August 2014. Retrieved 22 August 2014. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  8. ^ 2009 CEO Compensation for Howard R. Levine, Equilar

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