Wall Street Project Economic Summit

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Tyler Perry Studios, WGA Reach Agreement

After more than five months of negotiations over writers’ contracts that included residuals and other benefits, Tyler Perry Studios and the Writers Guild of America (WGA)-West announced last week that they had come to an agreement.

A Succession Story

Jimmy Walker had left Laurel Ford Lincoln Kia Inc. (No. 59 on the BE Auto Dealers list with $21.7 million in revenues) in the hands of his managers to focus on his other dealerships. But when the business lost a combined $1.4 million in 2007, 2008, and 2009, the 25-year industry veteran was compelled to return to stop the red ink before transitioning the business to his daughter.

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