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FAIRFIELD COUNTY

BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

October 14, 2013 | VOL. 49, No. 41

‘I GET IT’

FCBJ this week

tAXMAn sHows responsiVe nAture

MoDEl trAiN DEPot Three Buffalo, N.Y.-based companies train their expertise on Stamford’s transit hub ... 6

BY JENNIFER BISSELL jbissell@westfairinc.com

T

StruCturAllY SouND How a business is structured matters … 9 PAYCHECk BAroMEtEr David Lewis analyzes the job numbers … 13 MorE tHANN MEEtS tHE EYE THANN Spa takes serenity seriously … 16

MEDIA PARTNER CFO of the Year winners, from left, Donald J. Morrissey of Aquarion Water Co.; Carol Miller of Integrated Medical Centers and imedcenter.com L.L.C.; and Eugene Colucci of Greenwich Hospital.

AND THE WINNER IS … cfos DitcH tHeir leDGers for tHe liMeliGHt BY BILL FALLON bfallon@westfairinc.com

k. oNi CHukWu WAS oNE of three chief financial officers to take top honors at the inaugural CFO of the Year Awards in 2012. He immediately made sure that did not happen again. “Now, I am a CEO,” he told 150 who attended the Business Journal’s second

annual CFO of the Year Awards at the Hotel Zero Degrees in Norwalk the evening of Oct. 2. “And the first thing I did as CEO was to hire a CFO to do all the work.” The 2013 winners were Eugene Colucci, CFO of Greenwich Hospital in the largebusiness category; Donald J. Morrissey, executive vice president and CFO, Aquarion Water Co., with offices in Greenwich, Bridgeport and Monroe, in the medium» CFo, page 11

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15 bridgeport goes to the dogs

he man in charge of the state’s Department of Revenues Services seems to be on a roll — both in terms of departmental revamp efforts and in his appreciation of a barbed joke aimed squarely at him. Starting his Oct. 2 presentation to the Business Council of Fairfield County at the Stamford Marriott with a “Dilbert” comic strip, Tax Commissioner Kevin B. Sullivan said it was his mission to make the DRS more responsive to taxpayers’ needs. As Dogbert in the comic points out, many believe tax code writers derive sick pleasure out of making people’s heads explode out of confusion. “I get it,” Sullivan said in response to criticisms. “This is how Washington is seen, this is how Hartford is seen — that somehow we are about the business of making tax code as hard as possible; and enjoy making it as hard as possible for people to understand their obligations, meet their obligations and continue on to their lives and businesses.” Responsible for tax collection and issuing returns, the DRS has historically seen itself as a policy enforcer, rather than a policy maker, Sullivan said. But Sullivan, the former lieutenant governor, said he believed the department should be a contributing voice in discussions over tax policy. Through several strategic initiatives and lean-process improvements, Sullivan has helped reduce the size of the department by a third while simultaneously gaining more than $200 million in efficien» taxes, page 6


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