corpus_for_language_model.txt

Richard W. Lock , retired vice president and treasurer of Owens-Illinois Inc. , was named a director of this transportation industry supplier , increasing its board to six members . 
John J. Phelan Jr. , chairman of the Big Board , asserts that `` 1988 and 1989 have been two of the least volatile years in the last 30 or 40 years . '' 
In January , American Medical brought in a new chief executive officer , Richard A. Gilleland , 45 , who will remain as chairman , president and chief executive . 
Ralph T. Linsley , vice chairman of Eagle , will become vice chairman of Webster\/Eagle . 
Orkem declined to give details of its offer , saying only that the bid will be submitted for approval by the board of the British company . 
But in 1935 , when Congress was trying to find someone or something to blame for the Great Depression , it decided to drop both the secretary and the comptroller from the board . 
Treasury Undersecretary David Mulford , for instance , was at a meeting of the Business Council in Hot Springs , Va. , when the stock market fell , and remained there through the following day . 
He will remain chairman . 
The memo attempts to remove the tourist board as far as possible from the agency , which pleaded innocent to the charges . 
J. Michael Cook , chairman of Deloitte , Haskins & Sells International , said he believes the legal action by the British firm `` to be without merit . '' 
Other conservatives thought to be on the administration 's short list include Washington lawyer Michael Uhlmann , who was passed over for the No. 2 job at the Justice Department , and Marshall Breger , chairman of a U.S. agency on administration . 
The new products allow customers to add Convex machines to established systems made by other manufacturers , which `` opens up a phenomenal market for us , '' said Robert J. Paluck , Convex 's chairman , president and chief executive . 
Wilson H. Taylor , president and chief executive officer of this insurance and financial services concern , was elected to the additional post of chairman . 
The Fed chairman 's caution was apparent again on the Monday morning after the market 's plunge , when the central bank took only modest steps to aid the markets . 
Cipher Data said Mr. Marinaro consequently has resigned from those posts and from the company 's board . 
Most notably , several of the regulatory steps recommended by the Brady Task Force , which analyzed the 1987 crash , would be revived -- especially because that group 's chairman is now the Treasury secretary . 
Mr. Gaubert , who was chairman and the majority stockholder of Independent American , had relinquished his control in exchange for federal regulators ' agreement to drop their inquiry into his activities at another savings and loan . 
And Bill Konopnicki , a Safford , Ariz. , licensee of McDonald 's Corp. who is chairman of the company 's National Operators Advisory Board , says some fast-food outlets `` could be in serious trouble , based on the amount of discounting that seems to be going on . '' 
Richard Breeden , the new chairman of the SEC , has n't taken a formal position on the bill , which would also require investors to disclose large trades and give the SEC additional authority during market emergencies . 
And , with no other offers on the table , the board apparently felt no pressure to act on it . 
In a statement , Craig O. McCaw , chairman and chief executive officer of McCaw , said : `` We trust LIN will take no further actions that favor BellSouth . '' 
Meanwhile , in another sign that a new bid is n't imminent , it was learned that the UAL board held a telephone meeting Monday to hear an update on the situation , but that a formal board meeting is n't likely to be convened until early next week . 
But the board said it was n't interested for now . 
`` The market today has a life of its own , '' John Akers , chairman of International Business Machines Corp. , said Saturday . 
Sales of medium and heavy-duty trucks continue to lag previous-year rates , leading Eaton to expect fourth-quarter net income to fall below year-earlier levels , said Stephen R. Hardis , vice chairman and chief financial and administrative officer . 
Michael Henderson , 51-year-old group chief executive of this U.K. metals and industrial materials maker , will become chairman in May , succeeding Ian Butler , 64 , who is retiring . 
`` The public did n't come to the market to play a game ; they can go to Off-Track Betting for that , '' says A. Brean Murray , chairman of Brean Murray , Foster Securities , a traditional money management firm . 
Program trading itself , according to many academics who have studied it , is merely caught in the middle of this battle , unfairly labeled as the evil driving force of the marketplace . 
The group did n't make a formal offer , but instead told UAL 's advisers before the most-recent board meeting that it was working on a bid valued at between $ 225 and $ 240 a share . 
At a later news conference here , Frank Lorenzo , chairman of Eastern 's parent Texas Air Corp. , said Eastern was exceeding its goals for getting back into operation and predicted it would emerge from Chapter 11 protection from creditors early next year , operating with more service than it originally had scheduled . 
Analysts have speculated in recent days that the value of offers received by the committee fell well short of what they had hoped , or even that the company 's chairman , president and chief executive officer , Garth Drabinsky , is the only bidder for the company as a whole . 
Robert Pierce , chairman and chief executive of Foothills , said it 's too early to say whether Alaskan or Mackenzie delta gas would flow to market first . 
American Physicians said it also replaced four Texas American representatives on Prime 's five-member board . 
He later resigned from his executive positions with Enfield , saying that actions by its board `` amounted to -LCB- my -RCB- dismissal . '' 
Robert G. Walden , 62 years old , was elected a director of this provider of advanced technology systems and services , increasing the board to eight members . 
Many analysts expect Mr. Andersson , who owns 1.7 % of the company , to be named Trelleborg 's new chairman when Ernst Herslow steps down next year . 
The chairman said his board members , including representatives of West German insurance giant Allianz AG and French banks Credit Lyonnais and Societe Generale , hold nearly 50 % of Navigation Mixte 's capital . 
Mr. Hahn , the 62-year-old chairman and chief executive officer of Georgia-Pacific Corp. is leading the forest-product concern 's unsolicited $ 3.19 billion bid for Great Northern Nekoosa Corp . 
Jaguar PLC 's chairman said he hopes to reach a friendly pact with General Motors Corp. within a month that may involve the British luxury-car maker 's producing a cheaper executive model . 
The takeover-stock traders were hoping that Mr. Davis or one of the other interested parties might re-emerge with the situation in disarray , or that the board might consider a recapitalization . 
`` We are reaching the moment of truth '' on Wall Street , said Rep. Edward J. Markey -LRB- D. , Mass. -RRB- , chairman of the House subcommittee on telecommunications and finance . 
As directed by the board , NASA completed the evaluation and again chose CSC . 
On the chairman 's motion , the California package was subsequently reduced to less-binding report language , and even when this was accepted as such on a voice vote , Mr. Whitten pointedly opposed it . 
Among the issues the board will examine is whether United Airlines , a unit of UAL Corp. , should have been able to detect the cracks through maintenance checks . 
Stuart E. Eizenstat , a partner in the Washington law firm of Powell , Goldstein , Frazer & Murphy , was named a director of this utility holding company , increasing board membership to 14 . 
He was on the board of an insurance company with financial problems , but he insists he made no secret of it . 
`` More rooms are n't the answer for us , '' says Caesars World chairman Henry Gluck . 
Carl E. Pfeiffer , chief executive officer , was named to the additional post of chairman of this specialty-metals manufacturing concern . 
Some House Democrats are trying to head off an appointment by President Bush to the board that oversees the savings-and-loan bailout , contending that the prospective nominee is the head of troubled banks himself . 
Shares of Kasler , a California road and bridge builder , were heavily traded , jumping 2 1\/8 to 9 7\/8 on 1.3 million shares . 
`` This ought to be subtitled the ` Do n't let Frank Lorenzo take over another airline ' amendment , '' said Rep. James Oberstar -LRB- D. , Minn. -RRB- , chairman of the House aviation subcommittee , who argued that the provision was unnecessary because the bill already would give the department ample power to block undesirable deals . 
`` I 'm not saying everything is hunky-dory , but we have completed the transition , '' Robert M. Price , chairman and chief executive , said in an interview . 
Rep. Edward Markey -LRB- D. , Mass. -RRB- , chairman of the House Telecommunications and Finance Subcommittee , is pushing the idea of a circuit breaker for computer-driven program trading in hopes that would curb `` turmoil '' in the marketplace . 
`` We have n't benefited the shareholder as much as we need to , '' said Edgar Woolard Jr. , Du Pont 's chairman and chief executive officer , in an interview several months before he entered his current position in April . 
The board said the export licenses would be issued on the condition that Canadian interests would also be allowed to bid for the Mackenzie delta gas on terms similar to those offered to U.S. customers . 
The group , led by Giant Group Ltd. and its chairman , Mr. Sugarman , owns about 45.2 % of Rally 's . 
Similarly , highway engineers agreed to keep the old railings on the Key Bridge in Washington , D.C. , as long as they could install a crash barrier between the sidewalk and the road . 
He succeeds his father , Philip T. Wilber , who founded the company and remains chairman . 
It would also affect the perceptions of the board of governors of the Federal Reserve System , and the informed public generally , as to what constitutes a reasonable degree of price stability . 
Year-earlier net of $ 21 million , or 84 cents a share , included the results of Loral 's former Aircraft Braking Systems and Engineered Fabrics divisions , which were sold April 27 to the company 's chairman , Bernard L. Schwartz . 
Her dismissal angered many in the regional theater establishment and led Peter Zeisler , head of Theatre Communications Group , to write an editorial in American Theatre magazine condemning the board . 
Koito has refused to grant Mr. Pickens seats on its board , asserting he is a greenmailer trying to pressure Koito 's other shareholders into buying him out at a profit . 
`` Over the summer months , there has been a slowing in the rate of new orders from the computer sector , our primary market , '' said Wilfred J. Corrigan , chairman and chief executive officer . 
However , Mr. Davis could pressure the board by asking that the agreement be waived , or letting it be known that he has financing for an offer at a lower price . 
Seeking a middle path between opponents of change and radicals who demand overnight solutions , the article advocates what it calls a `` radical-moderate approach . '' 
The Sept. 30 end of the federal fiscal year may have prodded contractors to get any behind-schedule road and bridge construction under way `` before the clock ran out , '' Mr. Christie said , referring to threatened 5 % across-the-board budget cuts . 
Mr. Thompson is believed to have a mandate from the board of directors to help improve the Merc 's tarnished reputation as an exchange whose floor traders do n't follow the rules very well . 
And as of last night , Fed Chairman Greenspan had n't canceled his plans to address the American Bankers Association convention in Washington at 10 a.m. this morning . 
He succeeds Paul J. Montle , 42 , who will remain chairman . 
Despite the Composite 's advance , some trading officials are guardedly optimistic that the market is on the road to recovery . 
`` What 's encouraging about this is that retail chains will be sold on the basis of their sales and earnings , not liquidation values , '' said Joseph E. Brooks , chairman and chief executive officer of Ann Taylor Inc. , a specialty chain . 
A former chairman of the president 's Council of Economic Advisers , Mr. Stein is an American Enterprise Institute fellow . 
S. Waite Rawls III , vice chairman of Continental Bank , First Options ' parent company , said the firm took on about 160 accounts formerly held by Fossett , almost all of them belonging to professional floor traders . 
In a related move , the bank also proposed that board representation be linked more closely to the bank 's new shareholding structure . 
The pilot union is vowing to pursue an acquisition whatever the board decides . 
But a lower bid could face rejection by the UAL board . 
Arthur Burns , Federal Reserve Board chairman , said the government 's `` luck '' in keeping the bank open -- despite being the then-biggest U.S. bank failure -- prevented `` shock waves around the country and around the world . '' 
Separately , the board expanded to six members with the election of David L. Holewinski , a consultant . 
Bertin Nadeau , newly appointed chairman and interim chief executive of Provigo , would n't say if Mr. Lortie was asked to leave . 
Delmed said Robert S. Ehrlich resigned as chairman , president and chief executive . 
Los Angeles investor Marvin Davis , whose $ 275-a-share offer was rejected by UAL 's board , has n't shown signs of pursuing a $ 300-a-share back-up bid he made last month . 
But the board 's decision prompted many to bail out of the stock yesterday . 
Domestic lending for real estate and property development was the source of Bank Bumiputra Malaysia Bhd. 's most recent spate of financial troubles , the institution 's executive chairman , Mohamed Basir Ismail , said . 
The filing adds a new twist to market speculation that Coniston Partners , a New York money manager , has bought more than 5 % of UAL stock and may challenge the UAL board 's decision last week to remain independent . 
The effective date of any new regulations by the current board would be delayed until Oct. 1 next year , and the bill seeks to reverse efforts by the corporation to cut off funds to service organizations such as the Food Research and Action Center . 
The company also named Michael E. Gellert , a director and a major shareholder , to fill the vacant seat of chairman . 
But to avoid the risk of rejection , the group does n't plan to submit the plan formally at a UAL board meeting today . 
In addition , the agreement calls for Gilbert H. Lamphere , chairman of Prospect Group 's executive committee , to be named chairman of a restructured board that will include four new independent directors . 
Sumner M. Redstone , Viacom 's chairman , said Viacom `` emerged from our leveraged buy-out structure and gained substantial operating and financial flexibility through '' the bank pact . 
z - Not available . 
Richard de J. Osborne , chairman , president and chief executive officer , said the company 's `` decisions to get out of asbestos and high-sulfur coal continue the process of simplifying and focusing the company in areas with a better future . '' 
The standard of living has increased steadily over the past 40 years ; more than 90 % of the people consider themselves middle class . 
Most traders and analysts attributed the decline to technical factors associated with the contract 's going off the board . 
He surveys the prospective investors gathered in the board room of the Philippine government 's Asset Privatization Trust for the sale of a 36 % interest in the country 's largest paper mill . 
CMS ENERGY Corp. said management would recommend to its board today that its common stock dividend be reinstated at a `` modest level '' later this year . 
Also , because UAL Chairman Stephen Wolf and other UAL executives have joined the pilots ' bid , the board might be forced to exclude him from its deliberations in order to be fair to other bidders . 
The board and UAL 's management , he says , `` ca n't go back '' to business as usual . 
William P. Panny , MLX chairman and chief executive , said the pact `` will provide MLX with the additional time and flexibility necessary to complete the restructuring of the company 's capital structure . '' 
Mr. Tucker will succeed Salvatore J. Barbera , 64 , who will hold the newly created position of chairman of the international unit until his retirement April 1 . 
John Franco , 47 years old , formerly vice chairman of Capital Holding Corp. and president of its Accumulation Investment Group , was named chief executive officer of this insurance holding company , effective Dec. 1 , succeeding Robert T. Shaw , who remains chairman . 
`` Looking ahead to the fourth quarter , the outlook for the newspaper group remains guarded , with no improvement yet seen in operating trends in our Eastern markets , '' said Robert F. Erburu , Times Mirror 's chairman and chief executive . 
In advising the UAL board on the various bids for the airline , starting with one for $ 240 a share from Mr. Davis , the investment bank of First Boston came up with a wide range of potential values for the company , depending on appraisal methods and assumptions . 
Viktor Sidorenko , vice chairman of the State Committee on Nuclear Safety , said the two reactors were at Kursk and Smolensk . 
What was n't mentioned is that Coniston and its investment banker , Donaldson , Lufkin & Jenrette , just completed a two-week `` road show '' for the purpose of marketing the bonds . 
The firm also will permit its members and the public `` to exercise their put and call options contracts traded on the Pacific exchange '' even if the exchange is closed , said Wayne Luthringshausen , chairman of Options Clearing . 
`` Small investors are absolutely dismayed that Wall Street is stacking the deck against them , and these wide swings are scaring them to death , '' says Raymond A. Mason , chairman of regional broker Legg Mason Inc. in Baltimore . 
Moreover , if the Fed holds tight , it may be able gradually to reduce inflation , moving toward the zero-inflation goal that the Fed chairman embraced in testimony to Congress last week . 
To suggest that a 10 % drop in ozone by the middle of the next century would be negligible is irresponsible and shortsighted . 
`` It 's pretty much weak across the board , '' said Martin Regalia , chief economist of the National Council of Savings Institutions . 
He said that when he was on the board he felt that he had a great deal of power and , somehow , he did n't think that was a good thing . 
-LRB- Opposed by new SEC chairman -RRB- 
And statements by the chairman of the IG Metall labor union , Franz Steinkuehler , also cast a cloud over trading , dealers said . 
Ray Shaw , chairman of American City , said he would assume Mr. Russell 's responsibilities if a successor is n't found this month . 
In addition , Ralph Ingersoll II , 43 , chairman and chief executive , said he would take on additional responsibilities as editor in chief of the company . 
`` Our ordnance business has been hurt very badly by the slowdown , '' says Arch Scurlock , TransTechnology 's chairman . 
Its chairman told the union to prepare for the worst in next year 's confrontation with employers over a new three-year wage deal . 
The Staar board also said that John R. Ford resigned as a director , and that Mr. Wolf was named a member of the board . 
`` Quality junk bonds will continue to trade well , '' says Michael Holland , chairman of Salomon Brothers Asset Management Inc . 
Mr. Bailey said he expects to name a new group president to head that operation following the Nov. 8 board meeting . 
Among those sighing with relief was John H. Gutfreund , chairman of Salomon Brothers , who took to the firm 's trading floor to monitor yesterday 's events . 
`` Mattel 's world-wide volume has grown 25 % in a climate of relatively flat industry sales , '' said John W. Amerman , chairman . 
In Japanese firms , the president usually is in charge of day-to-day operations , while the chairman 's role is more a ceremonial one . 
Still , it was in Argentine editions that his countrymen first read his story of Pascal Duarte , a field worker who stabbed his mother to death and has no regrets as he awaits his end in a prison cell : `` Fate directs some men down the flower-bordered path , and others down the road bordered with thistles and prickly pears . 
Robert G. Hodson , 65 , retired as chairman but will remain a consultant . 
While Steppenwolf was in London with `` The Grapes of Wrath , '' Bruce Sagan , the president of its board of directors , quietly returned to Chicago to buy a piece of real estate in the city 's rapidly reviving North Halsted Street restaurant and theater district . 
BNL also said that its board had approved `` after an in-depth discussion , '' a letter to the Bank of Italy outlining measures the state-owned bank has taken or plans to take to improve controls on its foreign branches . 
Some $ 170 million of the $ 233 million increase in nonperforming loans was related to real estate , and roughly three-quarters of that was in the troubled New England market , according to Richard Driscoll , vice chairman . 
David R. Jackson , formerly vice president , managing director of corporate communications for Maxwell Communication Inc. , was named vice president and assistant to the chairman of this maker of alcoholic beverages and consumer products . 
Claude Bebear , chairman and chief executive officer , of Axa-Midi Assurances , pledged to retain employees and management of Farmers Group Inc. , including Leo E. Denlea Jr. , chairman and chief executive officer , if Axa succeeds in acquiring Farmers . 
Confusion about the two banks ' hurried efforts to round up financing for a new bid that the UAL board has n't even seen yet helped send UAL stock spiraling downward . 
Holders at the meeting elected a full slate of Canadian Express nominees to Enfield 's 11-member board . 
The new directors are Gordon M. Sprenger , president and chief executive officer of LifeSpan Inc. , and Peter S. Willmott , chairman and chief executive officer of Willmott Services Inc . 
Mortimer B. Zuckerman , chairman and editor in chief , said Mr. Rosenblatt would be succeeded starting today by Michael Ruby , the magazine 's executive editor , and Merrill McLoughlin , a senior writer . 
But it was clear that for the time being , the board wants the company to return to normalcy . 
Dr. Marston , 66 years old , succeeds Alexander T. Daignault , 72 , who did n't stand for re-election due to mandatory board retirement policy . 
George L. LaMore , president and chief executive officer , will become chairman and chief executive upon Mr. Cunin 's retirement . 
`` On a truly comparable basis , we 've seen modest earnings growth this year from the operations of our company , '' said Jack MacAllister , chairman and chief executive officer . 
It also contends that Young & Rubicam never told the tourist board about its relationship with Ad Ventures , a Jamaican firm hired by the agency . 
Isler Sailing International 's advisory board includes Ted Turner , Turner Broadcasting chairman and a former Cup victor ; Peter G. Diamandis , head of Diamandis Communications , and Joseph B. Vittoria , chairman and chief executive of Avis Inc . 
An administration official confirmed last week that Mr. Simmons , the chairman of Valley National Bank in Phoenix , is the Republican appointee , and that a security clearance was under way . 
Signs of growing weakness in the economy , paired with indications that inflation is staying well under control , have caused them to wonder why the Fed chairman is so grudging in reducing rates . 
The former board had produced `` 21 opinions and 1,000 critics '' in its 12-year life , its chairman had conceded . 
To help do this , Mr. Palmer developed a portable massage chair three years ago that he hopes will bring `` structured touching '' into mainstream America . 
Besides that , some of the paintings that were to grace the walls of CenTrust actually ended up hanging in the chairman 's estate on La Gorce Isle off Miami Beach . 
William R. Attridge resigned those posts , as well as a seat on NESB 's board . 
Richard Driscoll , vice chairman of Bank of New England , told the Dow Jones Professional Investor Report , `` Certainly , there are those outside the region who think of us prospectively as a good partner . 
His election increases Ryder 's board to 14 members . 
After two mistrials , the stakes in the stock manipulation trial of GAF Corp. and its vice chairman , James T. Sherwin , have changed considerably . 
Young & Rubicam , fighting charges that it bribed Jamaican officials to win the Jamaica Tourist Board ad account in 1981 , said it will no longer create the tourist board 's advertising . 
Within discretionary funds for community development grants , more than $ 3.7 million is allocated to six projects in Michigan , home state of a subcommittee chairman , Rep. Bob Traxler . 
I do n't think that 's the case at all , '' says Mr. Cooperman , a partner at Goldman , Sachs & Co. and chairman of Goldman Sachs Asset Management . 
The inquiry also will cover the actions of Charles Keating Jr. , who is chairman of American Continental Corp. , Lincoln 's parent , and who contributed heavily to several U.S. senators . 
`` People wish the government would do something about leveraged buy-outs , do something about takeovers , do something about Donald Trump , '' said Rand Araskog , chairman of ITT Corp. , whose stock dropped $ 3.375 . 
The letter to Mr. Bush was signed by Reps. Bruce Vento -LRB- D. , Minn. -RRB- , the chairman of the Banking Committee 's RTC Task Force , Thomas McMillen -LRB- D. , Md. -RRB- , Kweisi Mfume -LRB- D. , Md . -RRB- and Paul Kanjorski -LRB- D. , Pa . -RRB- . 
Thus , even investors who are pushing for the board to do a recapitalization that would pay shareholders a special dividend and possibly grant employees an ownership stake acknowledge that the unions are key . 
John C. Marous , chairman and chief executive officer , also said the company expects sales from continuing businesses to rise 8.5 % annually through the next three years . 
Tuesday 's rumored buyer , Coniston Partners , would n't comment on speculation that Coniston , which battled the UAL board in 1987 , might challenge the board 's decision Monday to remain independent . 
McCaw has `` no obligation to purchase and the definition of private market value is uncertain , '' the LIN board said . 
Kenneth Olshan , Wells Rich 's chairman , did n't return phone calls seeking comment . 
Wendy Gramm , the agency 's chairman , told the Senate Agriculture Committee that she expects the study to be released within two weeks and the rule changes to be completed by Thanksgiving . 
`` The message to the board of education out of all this is we 've got to take a serious look at how we 're doing our curriculum and our testing policies in this state , '' said the talk-show host . 
Herbert M. Sandler , chairman and chief executive officer of the Oakland , Calif. , savings-and-loan holding company , credited the high number of loans added to the company 's portfolio over the last 12 months for broadening its earning asset base and improving profit performance . 
Embittered shareholders -LRB- some of whom are suing -RRB- say the chairman and his collection epitomize the excesses of speculation that set off the national S&L crisis . 
Joseph L. Dionne , chairman and chief executive officer of McGraw-Hill Inc. , was elected to the board of directors of this electronics manufacturer . 
The board expands to seven members . 
The characters confront a world in which it seems increasingly difficult to find a `` middle way '' between the extremes of success and failure , wealth and poverty . 
Harken , which made its offer in August , said it still is awaiting a response to its offer from Tesoro 's board . 
They succeed Daniel M. Rexinger , retired Circuit City executive vice president , and Robert R. Glauber , U.S. Treasury undersecretary , on the 12-member board . 
Mr. Guttman told one person familiar with the New York exchanges during the search for a replacement that he was looking for a president who would be `` responsive to the needs of the membership and the board . '' 
Charles Wohlstetter , the chairman of Contel Corp. who is rallying other CEOs to the anti-program trading cause , says he has received `` countless '' letters offering support . 
Desperately hoping to spark sales , Nissan transferred 5,000 middle managers and plant workers to dealerships . 
In a statement , Jaguar 's board said they `` were not consulted about the -LRB- Ridley decision -RRB- in advance and were surprised at the action taken . '' 
`` I want to know who made the decision that it was safe for 186,000 people to use every day , '' said Richard Katz , a state legislator who is chairman of the California Assembly 's transportation committee . 
`` You ca n't say it 's a `` tsunami '' -LRB- tidal wave -RRB- , but we 're making some headway , '' says Fannie Mae 's chairman , David O. Maxwell , who visits Tokyo at least once a year to explain and drum up investor interest in mortgage securities . 
The offering for the language school unit was announced by Robert Maxwell , chairman and chief executive officer of London-based Maxwell Communication Corp. , which owns Macmillan . 
Some of the most vivid bulletins came over The Well , a Sausalito , Calif. , board that is one of the liveliest outposts of the electronic underground . 
`` The report provides detailed documentation of the extent and nature of the problem and indicates how we may want to shape solutions , '' said Joseph Genova , chairman of the committee that oversaw the survey and a partner at the law firm of Milbank , Tweed , Hadley & McCloy . 
The chairman promised Mr. Stone a decision within two weeks . 
The board expanded to 17 seats . 
An ebullient Kenneth Iverson , Nucor 's chairman , says the company 's plant eventually will make a ton of steel in 1.5 man hours , compared with four to six man hours at a conventional mill . 
`` The economy remains well-balanced , and the outlook is for continued moderate growth . '' 
Friday 's market rout came smack in the middle of the heaviest month for CD rollovers , when a number of banks and thrifts already have promotions under way . 
The board has 10 business days to respond . 
Although the board believed that Mr. Icahn is more interested in talking the stock price higher than acquiring USX , it adopted a poison-pill defense , to be swallowed if anyone amasses a 15 % stake . 
In the Bush administration , the lead is being taken by Treasury Secretary Brady , Undersecretary Robert Glauber and Assistant Secretary Mullins . 
His selection increases the size of the board to 12 members . 
John Padovan , 51 years old , was named a deputy chairman . 
Douglas Jones , an attorney representing Richard O. Kelly Sr. , the chairman and president of Capital Trust , says his client denies that there was any attempt to defraud investors . 
Rorer Group Inc. will report that third-quarter profit rose more than 15 % from a year earlier , though the gain is wholly due to asset sales , Robert Cawthorn , chairman , president and chief executive officer , said . 
Although the purchasing managers ' index continues to indicate a slowing economy , it is n't signaling an imminent recession , said Robert Bretz , chairman of the association 's survey committee and director of materials management at Pitney Bowes Inc. , Stamford , Conn . 
Across the board , these consumers value quality , buy what they like rather than just what they need , and appreciate products that are distinctive . 
Following is a weekly listing of unadited net asset values of publicly traded investment fund shares , reported by the companies as of Friday 's close . 
Also holding two seats each on the board , they said , would be Olympia & York Developments Ltd. , controlled by the Reichmann family of Canada , and Itel Corp. , controlled by Chicago businessman Sam Zell . 
Grain elevators built in the 1920s and '30s have six-inch concrete walls and a tubular shape that would easily contain semicircular cells with a control point in the middle , the New York firm says . 
Sir Richard Butler , 60-year-old chairman of Agricola -LRB- U.K . -RRB- Ltd. , was named chairman of County NatWest Investment Management Ltd. , the investment management subsidiary of County NatWest Ltd. , the investment banking arm of this British bank . 
`` We can not quantify the total adverse effects of Hugo , '' said Edwin Colodny , chairman and president of USAir Group . 
George Pierce , chairman and chief executive officer , said in an interview that earnings in the most recent quarter will be about two cents a share on revenue of just under $ 4 million . 
Under a merger agreement reached Sept. 14 , the UAL board agreed to reimburse certain of the buy-out group 's expenses out of company funds even if the transaction was n't completed , provided the group did n't breach the agreement . 
Lionel Corp. 's board unanimously rejected a tender offer of $ 8 a share , or $ 95.4 million , for as much as 90 % of Lionel by a group with a 9.9 % stake in the toy retailer . 
`` It 's not like the board can decide '' by itself , Mr. Sells said , adding , `` we 're indifferent to -LRB- the Bass -RRB- plan . 
Mr. Trump withdrew his bid before the AMR board , which is due to meet tomorrow , ever formally considered it . 
The board of this Ponce , Puerto Rico concern voted to suspend payment of its quarterly of 11 cents a share for the third quarter . 
Donald Iverson , chairman , says he hopes the company can eventually get up to half of its revenue from commercial markets . 
Mr. Seidman is chairman of the Resolution Trust Corp. , established to sell or merge the nation 's hundreds of insolvent savings-and-loan associations . 
Then , flashing a diamond ring as big as the Ritz -LRB- `` my day diamond , darling '' -RRB- , she told her two companions that she is on the `` board '' of the Vatican Museum in Rome . 
The three managing general partners would receive a `` significant '' number of Marsh & McLennan shares , said Walther L. Kiep , a partner who would also join Marsh & McLennan 's board . 
The flying telephone : `` You tangle the base cord around a chair leg , and the receiver does seem to fly off . '' 
The hottest displays were items that insulate passengers from bumps , potholes and other rigors of the road . 
Richard D. Sutton , 64 years old , chairman of this bank-holding company , was named acting president and chief executive officer of the company and its First National Bank of Toms River subsidiary . 
Instead , the group is raising the proposal informally to try to test the board 's reaction . 
W.R. Grace holds three of Grace Energy 's seven board seats . 
Ted Turner , Turner Broadcasting 's chairman , was named chairman of Turner Pictures , and Gerry Hogan , president of Turner Entertainment Networks , was named president of the unit . 
Roy E. Parrott , the company 's president and chief operating officer since Sept. 1 , was named to its board . 
The bank 's chairman and director general , who also sit on the board , still would be appointed by the Treasury . 
Since the last time he traveled this way several months ago , he has recanted a series of bold forecasts of a recession . 
Also named to the revised board was Thomas A. Loose , Recognition 's senior vice president and general counsel . 
The size of the company 's board has been reduced to eight directors from 13 . 
`` A union , sooner or later , has to have an adversary , and it has to have a victory , '' Frederick W. Smith , Federal 's chairman and chief executive , says with disdain . 
DPC , a group led by the New York investment firm Crescott Inc. , also said it plans to file preliminary materials with the Securities and Exchange Commission regarding a shareholder solicitation to oust Dataproducts ' board . 
A special committee of United Merchants directors said that in view of uncertainties regarding various legal and financial considerations , it could n't recommend the plan to the full board . 
Erwin Tomash , the 67-year-old founder of this maker of data communications products and a former chairman and chief executive , resigned as a director . 
Specter , the vice chairman of the Senate 's evidence panel , said there was `` insufficient evidence to convict '' the Miami jurist . 
`` I think it was something that we and they thought was constructive , '' said Stephen D. Weinroth , chairman and co-chief executive officer of Integrated . 
Jack Davis , Dataproducts ' president , chairman and chief executive officer , said the company `` is at a loss to understand DPC 's intentions . '' 
`` Today 's stock market decline does n't signal any fundamental change in the condition of the economy , '' he said . 
JMB officials are expected to be hired to represent the pension fund on the Santa Fe Pacific Realty board , Mr. Roulac said , to insulate the fund from potential liability problems . 
`` Who would the board be working for -- the public shareholders or the pilots ? '' she adds . 
Mr. Field also had been chairman of McKesson Corp. , resigning that post after a dispute with the board over corporate strategy . 
`` To get people 's attention these days , '' says Douglas Bailey , a political consultant , `` your TV ad needs to be bold and entertaining , and , more often than not , that means confrontational . 
But if the board rejects a reduced bid and decides to explore other alternatives , it could transform what has been a harmonious process into an adversarial one . 
One advantage the buy-out group intends to press with the board is that pilots have agreed to make $ 200 million in annual cost concessions to help finance a bid . 
When there are well problems , light problems , road problems , the government tells us to forget it . '' 
Investor Robert M. Gintel , who owns a 4.7 % stake in the company , said he plans a proxy fight for control of its board . 
I 'm sure they 'll do what 's right , what 's prudent , what 's sensible , '' he said . 
Earlier this month the company said its board approved a proposed management-led leveraged buy-out at $ 25.50 a share , or $ 750 million . 
Mr. Butler will remain on the board as a nonexecutive director . 
It is n't a current topic of conversation at the company , '' said Barry Diller , chairman and chief executive officer of the Fox Inc. unit of News Corp . 
Jack Davis , Dataproducts ' chairman , said he had n't yet seen the filing and could n't comment . 
The Fed provides money to the banking system by buying government securities from financial institutions . 
Now he is writing a book , serving on an elite foreign policy advisory board and consulting for an array of corporate clients , including British publishing mogul Robert Maxwell . 
He succeeds as president , Don Freeberg , who remains chairman and chief executive officer . 
William A. Wise , 44 years old , president of the El Paso Natural Gas Co. unit of this energy and natural-resources concern , was named to the additional post of chief executive officer , succeeding Travis H. Petty , 61 , who continues as a vice chairman of the parent . 
Fannie Mae also said James A. Aliber , chairman of First Federal of Michigan and a director since 1985 , moved up the date of his retirement from the board to accommodate Mr. Johnson 's election as a director . 
The two boards said in a joint statement that the proposed merger agreement was considered in separate board meetings in Oslo Monday . 
Wall Street would like UAL Corp. 's board to change its mind about keeping the company independent . 
Gone is D. Joseph Corr , the airline 's chairman , chief executive and president , appointed only last December . 
There is still time , however , for Gov. Mario Cuomo or Fabian Palomino , chairman of the BPCA board , to prevent this topiary `` Tilted Arc . '' 
Investment bankers representing the buy-out group and UAL 's board spent a frantic weekend trying to hammer out new terms that would be more acceptable to the banks . 
But a spokesman for KKR says that with only a 15 % equity stake , it would n't be appropriate for KKR to keep board representation . 
In some companies middle managers sneak massage therapists into the office , fearful that upper-level executives wo n't approve . 
Several projects , he said , are still on the drawing board . 
The legendary GM chairman declared that his company would make `` a car for every purse and purpose . '' 
In an internal memo , Alex Kroll , the agency 's chairman , said Mr. Klein decided to remove himself to minimize `` negative reaction '' from prospective clients and others and to prepare for his defense . 
In a statement , Arnold B. McKinnon , chairman and chief executive officer , noted that the new repurchase program `` should serve to enhance shareholder value . '' 
Mr. Berry , 58 , had resigned after being asked by Ogilvy 's chairman and chief executive officer , Kenneth Roman , to give up his title as creative head of the New York office and to take a fuzzier international role . 
Polyvinyl chloride capacity `` has overtaken demand and we are experiencing reduced profit margins as a result , '' said John D. Ong , chairman and chief executive . 
Analysts viewed the chairman 's comments as an indication that the central bank is disinclined to ease monetary policy further in the near future . 
The board is n't proposing a slate of its own and the other four current directors do n't want to serve beyond the special meeting date , Newport said . 
Mr. Eskandarian , who resigned his Della Femina post in September , becomes chairman and chief executive of Arnold . 
@ Charles H. Tenney II , chairman of Unitil Corp. , purchased 34,602 shares , or 4.9 % , of Unitil 's common , according to a filing with the Securities and Exchange Commission . 
Lawrence B. Seidman , 41 years old , was named chairman of this savings and loan institution . 
The company 's new management , which took control of Amdura 's board after a consent solicitation last month , wanted to extend the loan while it tries to sell two units . 
A statement issued by the office of the committee chairman , Sen. David Boren -LRB- D. , Okla. -RRB- , charged that the disclosure is part of a continuing effort to shift the criticism for the failure of the recent coup attempt in Panama . 
Martin Schrager , 51 , who had been president , was named vice chairman . 
Possible bidders include Christopher Ondaatje , a Toronto financier and vice chairman of Hees International Bancorp Inc. , a holding company controlled by Toronto 's Bronfman family . 
Rafael Carrion Jr. , chairman of Banco Popular , will be the chairman of the holding company . 
Within the Senate , the ban has had aggressive support from Sen. Frank Lautenberg -LRB- D. , N.J. -RRB- , who has used his position as a Senate Appropriations subcommittee chairman to garner votes for the initiative . 
But , in this context , that 's the smart thing to do . '' 
Alan Bond , chairman and controlling shareholder of the cash-strapped Australian media , brewing , resources and property concern , disclosed the debt figures yesterday . 
`` It 's madness -- that in an hour you can whack off so much value , '' says Stanford Calderwood , chairman of Trinity Investment Management Corp. , Boston . 
The board will be made up of seven directors of each holding company . 
The three men worked together on the so-called Brady Commission , headed by Mr. Brady , which was established after the 1987 crash to examine the market 's collapse . 
The study was initiated by Senate Judiciary Committee chairman Joseph Biden -LRB- D. , Del . -RRB- . 
Mr. Spielvogel is n't part of the board , nor are any of the other heads of Saatchi 's big U.S.-based ad agencies . 
The eucalyptus plantation and pulp mill , which would have covered about 175,000 acres in the Irian Jaya region , had been approved by Indonesia 's investment board . 
Pierre Vinken , 61 years old , will join the board as a nonexecutive director Nov. 29 . 
In addition to the usual array of defenses , including a so-called poison pill and a staggered board , Nekoosa has another takeover defense : a Maine state law barring hostile bidders from merging acquired businesses for five years . 
`` The new structure will enable United Biscuits to focus clearly upon opportunities for planned growth during the 1990s , '' said Bob Clarke , deputy chairman and group chief executive . 
Mr. Rifenburgh said the board still has n't acted on most of the internal report 's recommendations , pending restatement of the balance sheet . 
`` If we 've got folks out there who are being turned away in the mortgage market improperly and unfairly , '' said Sen. Donald Riegle -LRB- D. , Mich. -RRB- , chairman of the banking committee , `` then that is a matter that needs remedy now , not six months from now , or six years from now , or 26 years from now . '' 
We 've heard California 's property-tax-cutting Proposition 13 blamed for a lot over the years , but ABC 's Ted Koppel came up with a new wrinkle in his earthquake coverage last week when he asked Democratic Assemblyman Richard Katz if Prop. 13 had withheld money needed for road maintenance . 
Ogilvy 's chairman , Kenneth Roman , is leaving to take a top post at American Express . 
In practice , the director of central intelligence and chairman of the Joint Chiefs of Staff also serve as unofficial members . 
The survival of spinoff Cray Computer Corp. as a fledgling in the supercomputer business appears to depend heavily on the creativity -- and longevity -- of its chairman and chief designer , Seymour Cray . 
This maker of electronic measuring devices named two new directors , increasing board membership to nine . 
A group of investors led by Giant Group Ltd. and its chairman , Burt Sugarman , said it filed with federal antitrust regulators for clearance to buy more than 50 % of the stock of Rally 's Inc. , a fast-food company based in Louisville , Ky . 
After the initial slide , the market appeared to be turning around but by early afternoon was headed lower . 
Some atmospheric scientists think that even if CFCs were released into the atmosphere at an accelerating rate , the amount of ozone depletion would be only 10 % by the middle of the next century . 
The board 's decision , announced after the market closed Monday , initially prompted a severe sell-off in UAL shares , which at midday traded as low as $ 145 a share , down $ 33 a share , in composite trading on the New York Stock Exchange . 
The emergency assistance would n't be counted against a state 's normal allocation of annual highway funds , and the bill circumvents existing restrictions that otherwise would prevent the use of federal aid to repair a toll road , such as the San Francisco-Oakland Bay Bridge damaged in last week 's earthquake . 
`` We have men who only buy their shirts and underwear here or younger customers who only buy their -LCB- job -RCB- interview suit here , '' says William Roberti , chairman and chief executive officer of Brooks Brothers . `` 
Republican Sen. William Cohen of Maine , the panel 's vice chairman , said of the disclosure that `` a text torn out of context is a pretext , and it is unfair for those in the White House who are leaking to present the evidence in a selective fashion . '' 
The newspaper quoted KGB chairman Vladimir A. Kryuchkov as saying the definition of anti-Soviet crimes had narrowed , the laws had changed and people no longer have to fear a simple slip of the tongue . 
But UAL 's board is n't expected to give quick approval to any offer substantially below the $ 300-a-share bid that collapsed recently . 
The practice of businesses throwing out junk mail `` is a commonly known problem , and it 's increasing as companies attempt to put through budget cuts across the board , '' right down to the mail-room level , says Stephen Belth , a list consultant and chairman of the Direct Marketing Association 's business-to-business council . 
When it was suggested his comment was a `` non-answer , '' Mr. Darman replied : `` It is a non-answer . 
UAL 's board could reject the new price as too low , especially since there are n't any competing bids . 
John E. Hayes Jr. was elected chairman , president and chief executive officer , succeeding David S. Black , who retired . 
Foreign-exchange dealers noted that the impact of the chairman 's remarks was slight and warned that the currency remains sensitive to developments on Wall Street . 
At a meeting Sept. 1 to consider the labor-management bid , the board also was informed by its investment adviser , First Boston Corp. , of interest expressed by buy-out funds including Kohlberg Kravis Roberts & Co. and Forstmann Little & Co. , as well as by Robert Bass , Morgan Stanley 's buy-out fund , and Pan Am Corp . 
International Business Machines Corp. said its board approved the purchase of $ 1 billion of its common shares , a move that should help support its battered stock . 
Its board approved the repurchase of as many as three million common shares , or about 17 % of its shares outstanding . 
Except for a few spots , notably Georgia , Virginia and Michigan , failures declined almost across the board , according to the business information services company . 
The bank , which previously said it was for sale , said it has received no offers and that its board will review whether to continue soliciting bids . 
Separately , the company 's board adopted a proposal to amend its 1986 shareholder rights plan , further insulating the company from takeover . 
The potential is displayed along every road into Warsaw : row upon row of greenhouses , stretching out behind modern mansions that trumpet their owners ' wealth . 
He will succeed Charles L. Harrington , chairman and chief executive officer , who retired last month . 
It 's known for its cautiousness in part because it has had little need for bold overseas ventures : In the year ended March 31 , 57.4 % of its total revenue came from office building management . 
`` We wanted them to build a road here , '' he says . 
Mr. Peake is chairman of his own consulting company in Englewood , N.J . 
Mr. Wilkinson , 45 years old , succeeds Thomas A. Bullock , 66 , who is retiring as chairman but will continue as a director and chairman of the executive committee . 
Frederick W. Lang , 65 years old , the founder of this software services concern , was elected to the new post of chairman . 
Delmed , which makes and sells peritoneal dialysis products used in treating kidney disease , on Tuesday announced the resignations of Robert S. Ehrlich , chairman , president and chief executive officer , and of Leslie I. Shapiro , chief operating officer and chief financial officer . 
Northern Trust Corp. said its board adopted a shareholder rights plan aimed at deterring unwanted takeover bids , but said it 's not aware of any plan to acquire the banking concern . 
He predicted that the board would give the current duo until early next year before naming a new chief executive . 
Milton Petrie , chairman of Petrie Stores Corp. , said he has agreed to sell his 15.2 % stake in Deb Shops Corp. to Petrie Stores . 
Malcolm MacDougall , vice chairman of the Jordan , McGrath , Case & Taylor advertising agency in New York , calls the proliferation `` nameplate mania . '' 
But board members say he took so long to decide how to vote that by the time he decided , it was too late to try to draw other members to his position . 
In the director post , Mr. Brown , 38 years old , succeeds Joseph W. Hibben , who retired from the board in August . 
Sir Peter will succeed Sir John Milne , 65 , who retires as Blue Circle nonexecutive chairman on June 1 . 
Mr. Della Femina will be joint chairman with former WCRS executive Robin Wight . 
The packages must be sorted quickly and distributed to smaller vans for delivery , so couriers can be on the road by 8:35 . 
`` I 'm outraged because this company is portraying itself at the heart of American culture and political freedom and in fact it 's a killer , '' says Michael Pertschuk , former chairman of the Federal Trade Commission and a tobacco-industry critic . 
`` You 've either got a chair or you do n't . '' 
In the midst of his 1988 re-election campaign , Sen. Riegle , chairman of the Senate Banking Committee , returned $ 76,000 in contributions after a Detroit newspaper said that Mr. Keating had gathered the money for him about two weeks before the meeting with regulators . 
Reuben Mark , chairman of Colgate-Palmolive Co. , said he is `` comfortable '' with analysts ' estimates that third-quarter earnings rose to between 95 cents and $ 1.05 a share . 
Dow said it already has agreements with Albert J. Smith Jr. , chairman and chief executive officer of PSE , and certain other officers of the company under which Dow may buy about 40 % of the PSE common shares outstanding . 
Mr. Fromstein solidified his control in April by taking over from Mr. Berry as chairman . 
Jack Byrne , chairman of Fireman 's Fund , said this disaster will test the catastrophe reinsurance market , causing these rates to soar . 
The new board 's seven-member structure kept four CPAs , but the others were from industry and academia . 
H. Marshall Schwarz was named chairman and chief executive officer of U.S. Trust Corp. , a private-banking firm with assets under management of about $ 17 billion . 
City dwellers love them because they shift smoothly in traffic , bounce easily over curbs and roll through road glass with far fewer flat tires than racing bikes . 
Polly Peck 's chairman , Asil Nadir , echoed the official Japanese view of the accord , which was announced Friday . 
When he was through , the court members asked many questions , then the chairman said they would like to hear his manager 's side and talk to witnesses . 
In an interview , Donald Beall , chairman , said first-half profit certainly would trail the past year 's , primarily because of weakness in the heavy-truck and passenger-car markets . 
Congress seems likely to let the new chairman have his way for a while . 
At the time of the original announcement , CMS said its board authorized the purchase of as many as five million of its shares . 
Mr. Ely , 57 years old , temporarily increases the board to seven members . 
`` They were on the road to recovery in terms of customer attitudes until this bad quarter happened . '' 
William O. Taylor , the parent 's chairman and chief executive officer , said earnings continued to be hurt by softness in ad volume at the Boston newspaper . 
Fed Chairman Alan Greenspan meets regularly for lunch with Treasury Secretary Nicholas Brady and talks frequently with Budget Director Richard Darman and Michael Boskin , chairman of the Council of Economic Advisers . 
Derek Alun-Jones , Ferranti 's chairman , has said he hoped to pursue legal action against those responsible . 
The National Association of Manufacturers settled on the Hoosier capital of Indianapolis for its fall board meeting . 
So the bank 's board decided to make 1.23 billion Malaysian dollars -LRB- US$ 457 million -RRB- in provisions for interest payments from loans previously recorded as revenue but never actually received by the bank , and to submit a bailout package to replenish the bank 's paid-up capital . 
President Bush chose Martin Allday , a longtime friend from Texas , to be chairman of the Federal Energy Regulatory Commission . 
Says M.J. Pherwani , chairman of the Unit Trust of India : The `` markets are headed for growth unheard of and unseen before . '' 
The issue of seeking relief from Congress was raised to Delbert Staley , the chairman of Nynex . 
The measure is attached to the more than $ 26 billion fiscal 1990 transportation bill within Mr. Lautenberg 's jurisdiction , and the final compromise is laced with more than $ 205 million in road projects earmarked by members as well as funds sought by major airports , including Denver . 
`` There 's not nearly as much froth , '' said John Bogle , chairman of Vanguard Group Inc. , a big Valley Forge , Pa. , fund company . 
Small investors perceive that `` big operators '' dominate the market , said Thomas O'Hara , chairman of the National Association of Investors and head of the exchange 's Individual Investors Advisory Committee set up after the 1987 crash . 
Sen. Alan Dixon -LRB- D , Ill. -RRB- , chairman of the subcommittee on consumer and regulatory affairs , said , `` I 'm not a statistician . 
But Mr. Guber figured that Warner Communications Inc. chairman Steven Ross , would empathize and let the producers go , knowing the Sony offer was `` the culmination of a life 's work . '' 
Robert D. Krebs , Santa Fe 's chairman , argues that since its businesses are valued in different ways , `` the sum of the parts may be greater than the whole . '' 
Backer Spielvogel Bates Worldwide named Mr. Achenbaum , 62 , vice chairman of professional services , reporting directly to Carl Spielvogel , chairman and chief executive officer . 
`` He would , '' agrees the chairman . 
He has never met Lynn Williams , the president of the United Steelworkers union , and is n't active in the industry 's main trade group , the American Iron and Steel Institute , which Mr. Roderick served as chairman . 
An estimated $ 321 million is provided to maintain the program , but Mr. Rudman also succeeded in attaching language seeking to curb the authority of the current board until new members are confirmed . 
Ironically , Mr. Greenspan was scheduled to address the same convention in Dallas on Oct. 20 , 1987 . 
The board said Mr. Drabinsky and Vice Chairman Myron Gottlieb are negotiating financing before offering C$ 16.40 a share to acquire all of Cineplex 's shares outstanding . 
Mr. McGovern , 63 , had been under intense pressure from the board to boost Campbell 's mediocre performance to the level of other food companies . 
By the end of this year , 63-year-old Chairman Silas Cathcart -- the former chairman of Illinois Tool Works who was derided as a `` tool-and-die man '' when GE brought him in to clean up Kidder in 1987 -- retires to his Lake Forest , Ill. , home , possibly to build a shopping mall on some land he owns . 
Discount brokerage customers `` have been in the market somewhat but not whole hog like they were two years ago , '' says Leslie Quick Jr. , chairman of the Quick & Reilly discount brokerage firm . 
Magna International Inc. 's chief financial officer , James McAlpine , resigned and its chairman , Frank Stronach , is stepping in to help turn the automotive-parts manufacturer around , the company said . 
This business trust company said its board elected Kieran E. Burke , a consultant to Drexel Burnham Lambert Group Inc. , as chief executive officer , a new post , and as president . 
The dividend cut will prove most costly for John K. Hanson , Winnebago 's founder and chairman . 
Apogee Robotics Inc. said its board extended until Feb. 1 the exercise period of Apogee 's existing stock purchase warrants outstanding . 
`` The board felt that the continued payment of our semiannual dividend was inconsistent with recent operating results , '' said Kenneth A. Eldred , president and chief executive officer . 
Yoshitoki Chino retains his title of chairman of Daiwa , Japan 's second-largest securities firm . 
A.F. Sloan , 60 years old , announced that he will retire next April as chairman and chief executive officer of this snack food and bakery products maker . 
`` When they talk mega-issues , they 're truly talking mega , '' says S.A. Dave , chairman of the Securities and Exchange Board of India . 
People familiar with the company say the board is n't likely to give quick approval to any offer substantially below the $ 300-a-share , $ 6.79 billion buy-out bid that collapsed last week after banks would n't raise needed loans and after a key partner , British Airways PLC , dropped out . 
Died : Robert V. Van Fossan , 63 , chairman of Mutual Benefit Life Insurance Co. , Sunday , in Morristown , N.J. , of cancer . 
Robert L. Bernstein , chairman and president of Random House Inc. , announced his resignation from the publishing house he has run for 23 years . 
Will he try to gain a seat on or control of the board and force a radical split of USX into separate oil and steel companies ? 
`` We are n't inclined to prune stock portfolios now , '' says Steven G. Einhorn , chairman of the investment policy committee of Goldman , Sachs & Co . 
As a result of the partial sale and spinoff , the $ 56 billion California Public Employees Retirement System would obtain two seats on the board of the real estate operation , according to officials of the fund , who described the plan . 
Mr. Hollander `` is the new owner and wants to exercise control , '' said Barret B. Weekes , Newport 's chairman . 
Mr. Cathcart , who will return to the Quaker Oats Co. board of directors , in addition to his personal ventures , is credited with bringing some basic budgeting and planning discipline to traditionally free-wheeling Kidder . 
And , while the mutinous Fed member has n't gone public , some Fed governors , most notably Vice Chairman Manuel Johnson , are known to have disagreed with the chairman 's decision to remain silent . 
Robert M. Gintel , senior partner of a Greenwich , Conn. , investment firm , said he plans to launch a proxy fight against the board of Boston-based Xtra Corp . 
The flow of Japanese funds has set in motion `` a process whereby these economies will be knitted together by the great Japanese investment machine , '' says Robert Hormats , vice chairman of Goldman Sachs International Corp . 
The split was aimed at boosting the stock 's liquidity , said Brendan Barba , chairman of the Moonachie , N.J. , maker of plastic film products . 
The exchange has a board meeting scheduled for tomorrow , and it is expected that some public announcement could be made after that . 
Giant Group is led by three Rally 's directors , Burt Sugarman , James M. Trotter III and William E. Trotter II , who earlier this month indicated they had a 42.5 % stake in Rally 's and planned to seek a majority of seats on Rally 's nine-member board . 
In a statement , Ralph S. Larsen , chairman and chief executive officer , said the company was pleased with its third-quarter sales performance , `` especially in light of the extremely competitive environment in domestic consumer markets and the negative impact of unfavorable exchange rates this quarter . '' 
Attracted by low prices and encouraged by New York 's performance , they scooped up equities across the board . 
The current president and chief operating officer , J. Odell Johnson , was elected to the new position of vice chairman of the board . 
William S. Leavitt , chairman , said Mr. Penn , 58 years old , would continue as a consultant and would work with the board in selecting a successor . 
`` I have a mountain bike , yet as a hiker I 've been run off the road by kids careening down a fire trail on them , '' says Gene Coan , an official at Sierra 's headquarters in San Francisco , echoing the concerns of many members . 
Pilot union Chairman Frederick C. Dubinsky said advisers to UAL management and the union will begin meeting in New York today and will work through the weekend to devise a new proposal to present to UAL 's board `` at the earliest time possible . '' 
Rep. Jamie Whitten of Mississippi and chairman of House Appropriations turned a $ 20 million Bush request for his state into a $ 49.7 million bequest . 
Finally , Mitsubishi Estate has no plans to interfere with Rockefeller 's management beyond taking a place on the board . 
Mr. Stern was chairman and chief executive officer of the New York State Urban Development Corp. , 1983-85 . 
Mr. Fournier said that as Navigation Mixte chairman , he is prohibited by takeover regulations from organizing his own defense or doing anything besides managing current company business . 
The resignations by the two executives , considered hard-charging and abrasive by Reebok insiders , reflect a difference in style with Paul Fireman , chairman and chief executive , according to several former executives . 
All this has cast a pall over Columbia Savings & Loan Association and its high-rolling 43-year-old chairman , Thomas Spiegel , who built the $ 12.7 billion Beverly Hills , Calif. , thrift with high-yield junk bonds . 
`` One possibility is that this is a surgical setback , reasonably limited in its breadth , and not a major problem , '' said one senior administration official , who also asked that he not be named . 
His massage chair is kept in a closet , and a secretary escorts him past security . 
Such risk taking is an everyday matter for the brash Mr. Nadir , who is 25 % owner of Polly Peck as well as its chairman . 
Two such actions , both filed earlier this year in Georgia state court in Atlanta , could be particularly embarrassing to the industry : both name J. Chandler Peterson , an Atlanta financial planner who is a founder and past chairman of the IAFP , as defendant . 
Navigation Mixte said it would n't have any comment until its board meets Wednesday . 
Brush Wellman Inc. said its board increased the number of shares of common stock to be purchased under a previously authorized program to 3.9 million from 2.9 million . 
In a recent investment letter entitled `` Winners of the ` Leverage Wars , ' '' Edward Kerschner , chairman of PaineWebber 's investment policy committee , suggested that investors buy stocks of companies that have avoided loading up on debt . 
Nevertheless , Fed Chairman Greenspan and Vice Chairman Manuel Johnson were in their offices Sunday evening , monitoring events as they unfolded in markets around the world . 
Liability in the bridge and road collapses will revolve around whether government took `` reasonable care '' to build and maintain the structures , says John Messina , a Tacoma , Wash. , personal-injury attorney who specializes in highway design and maintenance cases . 
Robert L. Wood , 37-year-old chief financial officer , was named chairman and chief executive officer of this independent power producer , succeeding Raymond L. Hixson , 63 . 
c - Translated at Commercial Rand exchange rate . 
Arnold Levine , acting co-chief executive , will continue as senior vice president and a board member . 
A few miles past Radzymin , a dirt road narrows to a track of sand and leads into Zalubice , a village of tumbledown farms . 
The front cover of the prospectus for the Citibank credit-card receivables offering points out in bold capital letters that the certificates represent an interest only in the specially created trust and `` do not represent interests in or obligations of the banks , Citibank N.A. , Citicorp or any affiliate thereof . '' 
Look at what happened to UAL 's chairman , Stephen M. Wolf , and its chief financial officer , John C. Pope . 
Donald M. Roberts , 54 , treasurer , and Frederick S. Wonham , 58 , who takes responsibility for the funds-service group , were named vice chairmen and will serve in the office of the chairman . 
Bruce W. Wilkinson , president and chief executive officer , was named to the additional post of chairman of this architectural and design services concern . 
The purchases show the strong interest of Japanese investors in U.S. mortgage-based instruments , Fannie Mae 's chairman , David O. Maxwell , said at a news conference . 
`` It 's possible , though not probable , '' that the state could get by with its existing resources and federal help , said Quentin Kopp , chairman of the state senate 's transportation committee . 
Mr. Tinker later left to become chairman of National Broadcasting Co . 
FREDERICK 'S OF HOLLYWOOD Inc. , Los Angeles , said its board voted a 50 % increase in the specialty boutique-store operator 's semiannual dividend , to five cents a common share . 
Democracy is forcing the abortion debate toward healthy compromise , toward the unpolarizing middle . 
In the Senate , Edward Kennedy -LRB- D. , Mass. -RRB- , chairman of the Labor Committee , and Pete Domenici , -LRB- R. , N.M . -RRB- ranking minority member of the Budget Committee , have been working on a compromise , and their soundings showed that the Senate appeared to be heading toward enough strength to override another Bush veto , a Democratic staff official said . 
In a related move , Pierre Lortie , chairman and chief executive , resigned . 
In addition , the company 's board authorized the purchase of up to an additional one million shares . 
He succeeded Pat Brown , who was fired by the Alley board 18 months ago . 
`` It 's a shocker , '' said Joseph Di Lillo , chairman of Drake Capital Securities , a brokerage firm that has an investment in Qintex Entertainment . 
Sen. Lloyd Bentsen -LRB- D. , Texas -RRB- was outraged after a private word to John Motley , lobbyist for the National Federation of Independent Business , resulted in a news release saying that the Senate Finance Committee chairman would recommend repeal of Section 89 . 
Paul Tanner was named president , chief executive officer and chairman of this oil and natural gas company . 
These `` active suspension systems '' electronically sense road conditions and adjust a car 's ride . 
However , Raymond C. Kurzweil , chairman and chief executive , said `` The company continues to require additional funding to realize the potential of its technology . '' 
`` Because of shrinkage in the economy , rates can be expected to decline over a one-year horizon , '' said Norberto Mehl , chairman of Banxquote . 
The executive said any buy-out would be led by the current board , whose chairman is Maurice Saatchi and whose strategic guiding force is believed to be Charles Saatchi . 
`` The sooner our vans hit the road each morning , the easier it is for us to fulfill that obligation . '' 
Died : James A. Attwood , 62 , retired chairman and president of Mutual Life Insurance Co. of New York , Tuesday , in New York City , of an acute anemic condition . 
He bought $ 4 billion in prepositioning ships and $ 7 billion in ammo and equipment to fill them , and parked them at a new $ 6 billion base at Diego Garcia in the middle of the Indian Ocean . 
David L. Paul , chairman and chief executive officer , criticized the federal Office of Thrift Supervision , which issued the directive , saying it was `` inappropriate '' and based on `` insufficient '' reasons . 
This magazine and book publisher said three men were elected directors , increasing the board to 10 . 
The chairman and a director of one of the Republic of Singapore 's leading property companies , City Development Ltd. , or CDL , were charged yesterday with criminal breach of trust of some 800,000 Singapore dollars -LRB- about US$ 409,000 -RRB- . 
Frank Carlucci III was named to this telecommunications company 's board , filling the vacancy created by the death of William Sobey last May . 
Mr. Conway , 42 years old , was elected chairman , president and chief executive of Manhattan Life Insurance Co. and president and chief executive of Manhattan National Life Insurance Co . 
Adolph Coors Co. said William K. Coors , chairman , assumed the additional responsibilities of president , succeeding Jeffrey H. Coors . 
Mr. Martin said they have n't yet decided what their next move would be , but he did n't rule out the possibility of a consent solicitation aimed at replacing Georgia Gulf 's board . 
The safety board will begin four days of hearings on the accident tomorrow in Sioux City . 
Fifteen of the 26 subcommittee members attended the hearing , most notably Rep. John Dingell -LRB- D. , Mich. -RRB- , the full House Energy and Commerce Committee chairman , who has been willing to let Mr. Markey carry the legislation in recent months . 
Mr. Grobstein had been a vice chairman of Ernst & Whinney , an accounting firm that merged with rival Arthur Young in July to form Ernst & Young , a major accounting , tax and management consulting firm . 
On a demonstration board , emcee Shelby Lyman showed a quick kill initiated by a knight sacrifice ; no spectator refuted this line of play . 
Perry Levine , chairman , said Mr. Sawyer had `` taken significant steps '' to restore the company 's credibility and sense of professionalism and integrity . 
Mr. Dinkins also has said he would receive economic advice from a board that would include American Express Co. chairman James D. Robinson III , investment banker Felix Rohatyn , leveraged-buy-out specialist Reginald Lewis and attorney Joseph Flom . 
Under the accord , Albert Roth , chairman and chief executive officer , and Arthur Chase , Sam Beigel , and Louis Polsky will resign as officers and directors of the menswear retailer . 
f - As of Wednesday 's close . 
Westamerica Bancorp. said Richard W. Decker resigned as president and chief executive officer after only a year on the job because of `` differences '' with the board . 
The board is n't aware of any attempts to take over Philip Morris , the company said . 
Put down that phone . 
An estimated $ 38.9 million was set aside for military installations in the home state of North Carolina Rep. W.G. Hefner , the House chairman . 
Randy Delchamps was named chairman and chief executive officer of this grocery chain . 
U.S. Trust also created a four-member office of the chairman , effective Feb. 1 . 
Murray Lawrence , Lloyd 's chairman , agrees the exchange faces big challenges . 
As vice president\/national-government relations , Mr. Womack will work with P&G 's top management and with the company 's government-relations staff `` to represent P&G 's interests at the federal level , '' said John G. Smale , chairman and chief executive officer . 
Capital Holding Corp. said it requested and received the resignation of John A. Franco , its vice chairman , as an officer and a director of the life insurance holding company . 
Revco 's chairman and chief executive officer , Boake A. Sells , said both the company and the bondholders have put forth reorganization plans , but little progress has been made since negotiations began this summer . 
Rudolph Agnew , 55 years old and former chairman of Consolidated Gold Fields PLC , was named a nonexecutive director of this British industrial conglomerate . 
Walk around the room ; take two deep breaths . 
FirstSouth 's former chairman and chief executive officer , Howard Weichern , is also charged with conspiring to conceal the agreements with Messrs. Watson and Taylor . 
And in November 1970 Congress had passed a special act to overrule one board rule . 
The board already has been searching for strong outside candidates , including food-industry executives with considerable international experience . 
Interpublic 's chairman and chief executive officer , Philip Geier Jr. , made the pitches in visits to Mr. Saatchi in London , the executives said . 
Who knows what will happen down the road , in three to six months , if foreign investment starts to erode ? '' 
Edward M. Esber , chairman , president and chief executive officer , attributed the decline to reduced domestic revenue because of $ 4.9 million spent to upgrade existing software inventories to the new database IV Version 1.1 , and $ 1.8 million spent on the recent reduction in work force . 
ALAMCO Inc. said its board has approved a 1-for-10 reverse stock split . 
Mr. Vinken is chairman of Elsevier N.V. , the Dutch publishing group . 
As a result , UAL 's chairman , Stephen M. Wolf , pulled out of the buy-out effort to focus on running the company . 
The inflation-growth argument is an old one , but Mr. Brady , on the board or off , is surely trying to influence Fed policy . 
Mr. Evans told the board he needed the weekend to think about it . 
Mr. Ehrlich was succeeded as chairman by Gerd Krick , a director of Fresenius , a West German pharmaceutical concern . 
McCaw said the three independent directors provided for in the offer would be designated by the current board . 
Earlier this year , DPC Acquisition made a $ 15-a-share offer for Dataproducts , which the Dataproducts board said it rejected because the $ 283.7 million offer was not fully financed . 
US Facilities Corp. said Robert J. Percival agreed to step down as vice chairman of the insurance holding company . 
John Sculley , chairman and chief executive officer , credited the Macintosh SE\/30 and IIcx computers , introduced in the winter , for the brightened sales performance . 
Ray Garrett Jr. , SEC chairman , said the `` breadth and depth of the discounting is more than I expected . '' 
At that time Sam Whitbread , the company 's chairman and a descendant of its 18th-century founder , will retire from executive duties . 
Ford , on the other hand , has said it 's willing to bid for all of Jaguar , despite the objections of Jaguar chairman Sir John Egan . 
The Glazer group said in a Securities and Exchange Commission filing in early October that it may seek a controlling interest in Harley-Davidson , or seek representation on the company 's board . 
UAL Corp. 's board quashed any prospects for an immediate revival of a labor-management buy-out , saying United Airlines ' parent should remain independent for now . 
`` Nobody is going to make a real bid before the middle of November , '' said one investment banker familiar with the discussions in Japan . 
Mr. Ondaatje could n't be reached for comment , but Roy Mac-Laren , chairman of CB Media , a closely held concern that publishes two business magazines , said his company would take a close look at the newspaper . 
Rep. Byron Dorgan -LRB- D. , N.D . -RRB- has introduced a bill in Congress , co-sponsored by Rep. Lee Hamilton -LRB- D. , Ind. -RRB- , that would put the treasury secretary back on the board . 
The immediate target of Rep. Gonzalez 's inquiry is Danny Wall , chairman of the Office of Thrift Supervision . 
The energy of participating investors streamed into Tokyu Group shares , pushing prices of its companies up across the board . 
Mr. Gurria , Mexico 's under-secretary of the ministry of finance , met yesterday with European bankers in London , at the half-way point on a so-called road show to market the package around the world . 
Of the 19 economists who worked on the Business Council forecast , only two projected periods of decline in the nation 's output over the next two years , and in `` both instances the declines are too modest to warrant the phrase recession , '' said Lewis Preston , chairman of J.P. Morgan & Co. and vice chairman of the Business Council . 
Later , Mr. Brady phoned Mr. Greenspan , SEC Chairman Richard Breeden and numerous contacts in New York and overseas . 
Meanwhile , `` the bottom end of the market is becoming less loyal , '' says Laurel Cutler , vice chairman of the ad agency FCB\/Leber Katz Partners . 
Index traders who buy all 500 stocks in the S&P 500 often do n't even know what the companies they own actually do , complains Andrew Sigler , chairman of Champion International Corp . 
You quote Robert Crandall , chairman of American 's parent , AMR Corp. , as having said that discount deals for big customers would be `` dumb '' because `` you will go to Detroit because you have to go to Detroit whether the fare is $ 175 , $ 275 or $ 375 . '' 
Mr. Karns continues as chairman . 
Mr. Giuliani 's campaign chairman , Peter Powers , says the Dinkins ad is `` deceptive . '' 
Senator Sasser of Tennessee is chairman of the Appropriations subcommittee on military construction ; Mr. Bush 's $ 87 million request for Tennessee increased to $ 109 million . 
`` The kinds of questions you had before have resurfaced , '' says Raymond A. `` Chip '' Mason , chairman of regional brokerage firm Legg Mason Inc. , Baltimore . 
That skepticism would leave him with an even greater credibility problem should he return that would handicap him in any effort to oust the board in a proxy fight . 
John M. Kucharski , EG&G 's chairman and chief executive , said the acquisition `` will extend EG&G 's core technologies , strengthen its position in the European Economic Community and assure a strength and presence in the Eastern European market . '' 
James F. Gero , former chairman and chief executive officer of Varo Inc. , and Richard J. Hatchett III , a Dallas investment banker , were elected directors of this medical-products concern , boosting the board to seven members . 
Bond prices took the high road and stock prices took the low road as worries mounted about the economy and the junk bond market . 
Richard J. Riordan was elected a director of this single-family home builder , increasing the board to nine . 
Mr. McKinney will continue as chairman of the board and chairman of the executive committee of Banc One Indiana Corp. , the successor company to American Fletcher Corp. , but will no longer be active in day-to-day management . 
The state agency was particularly vexed to learn that the Rubens and a half-dozen other paintings listed among the bank 's `` furniture and fixtures , '' were actually hanging in the chairman 's house . 
But rather than write off home fitness equipment , she traded up : Ms. Igdaloff just paid about $ 900 for a fancier stationary bike , with a timer , dials showing average and maximum speeds and a comfortable seat that feels almost like a chair . 
Groupe AG 's chairman said the Belgian insurer is prepared to give up some of its independence to a white knight if necessary to repel a raider . 
Michael Blair , former president and chief executive officer of Enfield Corp. , failed to win election to the company 's board at a special shareholder meeting . 
Other new board members include John S. Harrison and Mark A. Adley of First Boston , James F. Lyons , William S. Goldberg and Harold S. Handelsman . 
Mr. Gintel , head of Gintel & Co. , said he plans to conduct a proxy contest to elect a majority of Xtra 's board at the next annual stockholders meeting . 
`` This week was uneventful for the CD market , '' said Norberto Mehl , chairman of Banxquote . 
But the chairman and other committee members stressed that the notification guideline was n't imposed on the White House by a meddling Congress . 
Separately , the casino operator said its board approved a plan to buy-back as many as three million common shares from time to time , either in the open market or through private transactions . 
Much of HUD 's spending actually is disguised welfare for developers or the middle class . 
Louis Gerstner Jr. , chairman and chief executive officer of New York-based RJR , called the sale a `` significant step '' in the company 's divestiture program , as well as a `` a strategic divestiture . '' 
Howard Stein , chairman of Dreyfus Corp. , said the fund was about half invested in government bonds on Oct. 13 , and about 10 % in cash . 
`` Traditionally , consumers were concerned about ordering after the first of December because they did n't believe they would get it by Christmas , '' says Adam Strum , chairman of the Wine Enthusiast Inc. , which sells wine cellars and accessories through the mail . 
But the new chairman vehemently opposed a provision in the bill that would give the agency the right to close the markets at times of stress . 
The board has 13 members elected by holders and five presidential appointees . 
`` He has n't added anything , '' Mr. Levine said , predicting the board will again reject Mr. Green 's proposal . 
He was , in fact , taking an especially keen interest in board matters even before he went to the treasury . 
Charles Daggs , chairman and chief executive officer of Sutro & Co. , said traders came to work at 5 a.m. PDT -- many on foot because of uncertain road and traffic conditions -- but learned that they would have to await a required inspection by the city in order to turn the power back on at the company 's two main facilities there . 
`` Nobody wants to have all his eggs in one basket , '' says David Yeh , chairman and chief executive officer of International Matchbox Group Ltd . 
His Republican counterpart , Sen. Warren Rudman -LRB- R. , N.H. -RRB- , has used his position to wage a legislative war with the conservative board of the Legal Services Corp . 
There 's a memorable passage in which Mr. Shields , having finally learned of the practice , expresses his outrage to Bill Clements , then a university governor -LRB- and now the governor of Texas ! -RRB- and oil man Edwin Cox , chairman of the board of trustees . 
Administration officials say President Bush was briefed throughout Friday afternoon and evening , even after leaving for Camp David . 
The board estimated that the cost of building a pipeline from the Mackenzie delta to Alberta would be about C$ 5.9 million . 
`` There are very few companies that can boast of such a close-knit group , '' says Robert A. Brawer , 52 years old , recently named president , succeeding Beatrice Coleman , his mother-in-law , who remains chairman . 
Now the ambivalent middle , a moral majority of sorts , is reasserting itself . 
Mr. Thomas , currently chairman of the Equal Employment Opportunity Commission , would add another conservative voice to the closely divided court . 
Big Board stock specialists , in a bold palace revolt , began shortly after Oct. 13 to telephone the corporate executives of the companies whose stock is listed on the Big Board to have them pressure the exchange to ban program trading . 
If they were to insist on a low bid of , say $ 200 a share , the board might n't be able to obtain a higher offer from other bidders because banks might hesitate to finance a transaction the pilots oppose . 
Norman Ricken , 52 years old and former president and chief operating officer of Toys `` R '' Us Inc. , and Frederick Deane Jr. , 63 , chairman of Signet Banking Corp. , were elected directors of this consumer electronics and appliances retailing chain . 
Neither disclosed details pending board meetings next month . 
But the New York Stock Exchange chairman said he does n't support reinstating a `` collar '' on program trading , arguing that firms could get around such a limit . 
Paul Fireman , Reebok chairman and chief executive officer , said , `` Our gains in earnings provide further evidence that the controls we have put in place and our sales mix are continuing to improve the company 's overall profit performance . '' 
Treasury Secretary Nicholas Brady , Federal Reserve Board Chairman Alan Greenspan and Housing and Urban Development Secretary Jack Kemp are members of the board . 
Both the Treasury and the Fed planned to keep market rooms operating throughout the night to monitor the developments . 
`` I see a lot of evidence indicating a slower economy , and that means my interest-rate outlook has a downward tilt , '' said Garnett L. Keith Jr. , vice chairman of Prudential Insurance Co. of America , one of the nation 's largest institutional investors . 
Yasser Arafat has written to the chairman of the International Olympic Committee asking him to back a Palestinian bid to join the committee , the Palestine Liberation Organization news agency WAFA said . 
In the quarterly report , Arthur Ochs Sulzberger , New York Times Co. chairman and chief executive officer , said negative factors affecting third-quarter earnings will continue . 
The senior of the three executives who will assume Mr. Reupke 's duties is Nigel Judah , 58 , finance director and a Reuters board director . 
Removed from office were George Pratt , Robert E. Davis , Norman Gray , John Virtue , corporate secretary , and Barrett B. Weekes , chairman , president and chief executive officer . 
Mr. Nadeau also is chairman and chief executive of Unigesco Inc. , Provigo 's controlling shareholder . 
Cie. de Navigation Mixte Chairman Marc Fournier said his board unanimously rejected as too low the $ 1.77 billion bid by Cie. Financiere de Paribas to bring its stake in Navigation Mixte to 66.7 % . 
These proposals include changing the term of the chairman , shortening the terms of the members , eliminating the presidents of the Federal Reserve Banks from the decision-making process , putting the Secretary of the Treasury on the Federal Reserve Board , having the Fed audited by an arm of Congress -LRB- the General Accounting Office -RRB- , putting the Fed 's expenditures in the budget , and requiring prompt publication of the Fed 's minutes . 
`` We are n't Philip Morris Cos. , '' says Bertrand de Galle , chairman of government-owned Societe Nationale d'Exploitation Industrielle des Tabacs & Allumettes S.A. , known as Seita . 
Other observers note that UAL 's board , having accepted a bid of $ 300 a share , might hold out for a new bid much closer to the original level -- even if it means that the management goes back to running the company for a while and lets things return to normal . 
Some analysts speculated yesterday that the move has set off a board room split , which may lead to the resignation of Sir Colin Marshall , the carrier 's chief executive officer . 
The biggest wild card in the brand loyalty game : How those hotly pursued but highly unpredictable baby boomers will behave as they move into middle age . 
As a result , high-yield mutual funds have declined across the board and the many firms planning to sell $ 11 billion in junk bonds before year-end are experiencing anxious times . 
William Seidman , chairman of the Federal Deposit Insurance Corp. , said Lincoln Savings & Loan Association should have been seized by the government in 1986 to contain losses that he estimated will cost taxpayers as much as $ 2 billion . 
Harken also said that its financing from Bankers Trust Co. has been extended until Dec. 15 to give Tesoro 's board time to consider the offer at a Tesoro board meeting scheduled for mid-November . 
The issues are also thought to be important to the FCC 's new chairman , Alfred Sikes , a former AM broadcaster in his native Missouri . 
The issue has come to a boil in Newark , N.J. , where federal prosecutors have warned lawyers for Eddie Antar that if the founder and former chairman of Crazy Eddie Inc. is indicted , the government may move to seize the money that Mr. Antar is using to pay legal fees . 
Also shown is the closing listed market price or a dealer-to-dealer asked price of each fund 's shares , with the percentage of difference . 
The country abandoned its former devotion to socialist unity and took to insisting instead that each country in the bloc ought to travel its own road . 
`` Liquidity has n't returned to the vast middle ground of the market , '' said Mr. Minella of Merrill . 
The spokeswoman said the company does n't have a timetable for the sale , adding that the board 's decision just starts the search for a buyer . 
Assume a neighborhood demonstration to protest speeding on a certain road or a careless accident involving a police car . 
Sen. Specter was vice chairman of the impeachment trial committee that heard evidence in the Hastings case last summer . 
But one Bush administration official knowledgeable about the summit plan cautioned against assuming that there will be bold new initiatives on the Soviet economy or other issues . 
William R. Laidig , Nekoosa 's chairman , chief executive officer and president , characterized the $ 58-a-share bid as `` uninvited '' and said Nekoosa 's board would consider the offer `` in due course . '' 
Walter H. Monteith Jr. , SNET chairman and chief executive officer , said : `` Innovative marketing of our products and services contributed to increase revenue . '' 
`` We did see some relief in raw material costs , but it was n't sufficient to offset the drop in sales prices , '' James R. Kuse , the company 's chairman and chief executive officer said in a statement . 
`` If you build a better mousetrap , it will catch more mice , '' says Fred Benninger , chairman of MGM Grand . 
The suit charged the defendants with causing Peter E. Voss , an ex-member of the Postal Service board of governors , to accept $ 23,000 in bribes , kickbacks and gratuities . 
We 're sorry to report that on Monday President Bush accepted the resignation of William Allen as chairman of the U.S. Civil Rights Commission . 
Under Robert W. Singer , who was named president and chief operating officer last year , Keystone has expanded its sales force to about 20 people from about 15 and hopes to expand its sales from the middle portion of the country toward the East and West coasts . 
Bridge and road builders had a field day , including Kasler Corp. , up $ 2.125 to $ 9.875 , Guy F. Atkinson Co. , up 87.5 to $ 61.875 , and Morrison Knudsen Corp. , which reported higher third-quarter earnings yesterday , up $ 2.25 to $ 44.125 . 
They also unanimously re-elected Mr. Dubinsky , the union chairman who has led the pilots ' 2 1\/2-year fight to take control of the airline . 
The action was expected to begin with the opening of the New Zealand foreign exchange markets at 5 p.m. EST -- when stocks there plunged -- and to continue as the trading day began later in the evening in Tokyo and through early this morning in Europe . 
NASA awarded the contract to CSC in November but an appeal by Sterling Software Inc. of Dallas sent the contract to the General Services Administration Board of Contract Appeals and the board required NASA to re-evaluate bidders ' proposals . 
Bearings Inc. said its chairman , John R. Cunin , will retire as an officer of the company on Jan. 2 . 
Michael Boskin , chairman of the Council of Economic Advisers , also will be a member . 
Succeeding him as chairman and chief executive will be Frank Lorenzo , chairman and chief executive of Continental 's parent , Texas Air Corp . 
Mr. Wolf and other members of the board declined to comment on the announcement . 
But administration officials conceded that Friday 's drop carried the chance of further declines this week . 
Mr. Brawer 's wife , Catherine , and Robert Stroup , Elizabeth 's husband , round out the five-member board . 
Stock of United Airlines parent UAL Corp. gyrated wildly yesterday amid speculation that one or more investors may challenge the UAL board 's decision to remain independent instead of pursuing a buy-out or other transaction . 
Giant Group is led by three Rally 's directors , Burt Sugarman , James M. Trotter III and William E. Trotter II , who last month indicated they hold a 42.5 % stake in Rally 's and plan to seek a majority of seats on Rally 's nine-member board . 
Edward Eskandarian , former chairman of Della Femina , McNamee WCRS\/Boston , reached an agreement in principle to acquire a majority stake in Arnold Advertising , a small Boston shop . 
`` The board has stated repeatedly that Rubbermaid should be independent , '' said Walter W. Williams , Rubbermaid president . 
A UPS spokesman said that although none of the company 's terminals , trucks or airplanes were damaged in the quake , road shutdowns and power failures have impeded its pickup and delivery of packages . 
Robert Q. Marston , president emeritus , University of Florida , and a director of this maker of medical devices , was named chairman . 
A Board of Control spokesman said the board had not seen the claim and declined to comment . 
Lorne Slotnick , vice chairman of the Southern Ontario Newspaper Guild , the union representing the workers , said Thomson made significant concessions in the final round of talks . 
Luis Nogales , 45 years old , has been elected to the board of this brewer . 
Mr. Price , 61 years old , also stepped down from the board of TVS Entertainment PLC , the British TV company that last year bought MTM , producer of such TV programs as `` Hill Street Blues '' and `` The Mary Tyler Moore Show . '' 
Countered James Maguire , chairman of specialists Henderson Brothers Inc. : `` It is easy to say the specialist is n't doing his job . 
Swiveling in his chair , Mr. Straszheim replies that the new outlook , though still weak , does n't justify calling a recession right now . `` 
Cray Research indicated that the survival of a spinoff company , which is developing a new supercomputer , depends heavily on its chairman and chief designer , Seymour Cray . 
Norfolk Southern 's board approved a buy-back of up to 45 million shares , valued at over $ 1.7 billion . 
Thomas Plaskett , Pan Am 's chairman , said the U.S. airline 's participation is a natural outgrowth of its current arrangements with Aeroflot to jointly operate nonstop New York-Moscow flights . 
At the first day of the House Banking Committee 's hearings last week , William Seidman , chairman of the Resolution Trust Corp. , the federal agency created to sell sick thrifts , said the agency is investigating whether Lincoln made illegal political contributions . 
In an Oct. 19 letter to A.P. Green 's board , East Rock said the offer is subject to the signing of a merger agreement by no later than Oct. 31 . 
Mr. Whittington will remain on the main group board as a nonexecutive director . 
Admittedly last season 's runaway hit , `` Steel Magnolias , '' helped a lot , but so did cost cutting and other measures insisted on by the board . 
`` The only people who are flying are those who have to , '' said Frank Moore , chairman of the Australian Tourist Industry Association . 
The company 's board approved the repurchase of up to 45 million common shares , or about 26 % of its shares outstanding , through the end of 1992 . 
But a majority of the board , which includes three members from the Australian company , overrode him . 
And , as Mr. Zell says , with Itel and O&Y on the unit 's board , the real estate will be run by `` a very unusual group '' to say the least . 
The labor-management buy-out group plans to keep its offer on the table in an apparent attempt to maintain its bargaining position with the board . 
Dunkin ' Donuts Chairman and Chief Executive Robert M. Rosenberg said `` a sale is one alternative being considered , '' but he added the board has n't decided whether to sell the doughnut franchiser . 
One option the board is likely to consider today is some sort of cooling-off period . 
He flew to Dallas on Oct. 19 , when the market plummeted 508 points , but then turned around the next morning and returned to Washington without delivering his speech . 
Mr. Nye thinks the UAL board should be ousted if it does n't move soon to increase shareholder value . 
`` The outlook has deteriorated since the summer , with orders and employment falling and output at a standstill , '' said David Wigglesworth , chairman of the industry group 's economic committee . 
As part of the transaction , Edisto agreed to give Mesa , an Amarillo , Texas , oil and gas partnership managed by T. Boone Pickens Jr. , a seat on its board . 
The result is that some franchisees are running hard just to stay even , laying off middle managers and working harder to make less . 
Though the offering did n't sell out , James J. Didion , chairman and chief executive officer , said , `` We 're pretty proud of the employees ' response . '' 
While the SDI anti-missile program recently awarded W.J. Schafer two contracts totaling $ 13.4 million , ERC 's chairman and founder , Jack Aalseth , says he bought the company `` more for its technology than its customer . '' 
`` The other is that we see another major disaster , like two years ago . 
`` The Arizona real estate market continues to be depressed , and there is still uncertainty as to when values will recover , '' James P. Simmons , chairman , said . 
As a result they have extensive knowledge in financial markets , and financial market crises . 
`` This is a reaction to artificial LBO valuations , rather than to any fundamentals , '' said John Young , chairman of Hewlett-Packard Co. , whose shares dropped $ 3.125 to $ 48.125 . 
The stock 's decline also has left the UAL board in a quandary . 
Nearly 20 years ago , Mr. Morishita , founder and chairman of Aichi Corp. , a finance company , received a 10-month suspended sentence from a Tokyo court for violating a money-lending law and an income tax law . 
`` Hurricane Hugo losses and the continuing industrywide downturn in the property and casualty insurance business were the major factors affecting quarterly comparisons , '' said Rand V. Araskog , chairman and chief executive officer . 
Buying interest also resurfaced in the technology sector , including International Business Machines , whose board approved a $ 1 billion increase in its stock buy-back program . 
British Air officials said the airline 's chairman , Lord King , was concerned about news reports indicating that British Air might be willing to participate in a bid that included a lower purchase price and better investment terms for the British carrier . 
`` Junk bonds are a highly stratified market , '' said Lewis Glucksman , vice chairman of Smith Barney , Harris Upham & Co . 
Farmington , N.M.-based Mesa has consistently rejected StatesWest 's offers , and early this week said its board would n't give the proposal further consideration , calling it `` vague and ill-defined '' because it did n't describe the source of funds or the specific terms of StatesWest securities which were part of the offer . 
He retains his titles of president and chief operating officer and succeeds as chief executive Howard O. Painter Jr. , who remains chairman of the board . 
`` He was constantly picking up new things to fill out his experience ; he is very well-balanced , '' said Takuro Isoda , chairman of Daiwa 's U.S. unit in New York . 
Charles J. Lawson Jr. , 68 , who had been acting chief executive since June 14 , will continue as chairman . 
Mr. Carey will remain a member of the merchant bank 's board . 
SFE Technologies said William P. Kuehn was elected chairman and chief executive officer of this troubled electronics parts maker . 
`` Obviously , we are looking at making economies across the board . '' 
Bruno DeGol , chairman of DeGol Brothers Lumber , Gallitzin , Pa. , was named a director of this bank-holding company , expanding the board to 11 members . 
Petco Options , an options trading firm owned by the family of the deceased former Chicago Board of Trade chairman Ralph Peters , is getting out of the trade clearing , or processing and guaranteeing , business after sustaining a multimillion dollar loss Friday , options industry officials said . 
His board members alone have pledged $ 800,000 and he is just beginning to massage local foundations and corporations . 
Under the original buy-out approved by the UAL board Sept. 14 , UAL 's pilots planned to put up $ 200 million in cash and make $ 200 million in annual cost concessions for a 75 % stake . 
Retired Adm. William J. Crowe , former chairman of the Joint Chiefs of Staff , and Robert P. Luciano , chairman and chief executive officer of Schering-Plough Corp. , were elected directors of this securities firm . 
James A. Hagen , chairman and chief executive officer , noted that earnings advanced `` in the face of a drop in business , brought on by the general economic slowdown . '' 
The company , founded and controlled by Harbanse Doman , its chairman and president , said the purchase would make it Canada 's 10th largest forest products company . 
The precious canvas , cut from its frame at the time of the theft , was found in nearby Jena , hidden in the upholstery of an easy chair in the home of the girlfriend of one of the thieves . 
The government will try to sell all the real estate managed by the Federal Asset Disposition Association in one fell swoop , said William Seidman , chairman of the Federal Deposit Insurance Corp . 
One color photo displays a rainbow of dress shirts tied in a knot ; another picture shows neckties with bold designs . 
Mr. McCall will remain chairman . 
Soo Line said its board appointed a special committee of independent directors to study the proposal . 
Robin Honiss , president and chief executive officer of this bank holding company , was elected to the additional posts of chairman , president and chief executive of the company 's New England Savings Bank subsidiary . 
Next year , Noxell plans to roll out a perfume called Navy , says George L. Bunting Jr. , chairman of Noxell . 
John B. Curcio , 55 years old , resigned as chairman of this diesel truck manufacturer , effective upon appointment of a successor . 
Harold W. Smith Sr. , chairman of Webster , will become chairman emeritus and a director of the new company . 
The company 's chairman , Mr. Laidig , and a group of advisers met at the offices of Wachtel Lipton Rosen & Katz , a law firm specializing in takeover defense . 
Meanwhile , the National Association of Manufacturers said yesterday a recent poll of 53 executives on its board found that 61 % do n't expect a recession to occur until 1991 or later . 
James L. Pate , 54-year-old executive vice president , was named a director of this oil concern , expanding the board to 14 members . 
There are no plans to initiate a common stock dividend , Mr. Johnson said , explaining that the board continues to believe shareholders are best served by reinvesting excess cash . 
It 's almost impossible to track the number of companies trashing junk mail , since the decision is usually made in the mail room -- not the board room . 
Lawrence M. Gressette Jr. , president , was elected to the additional posts of chairman and chief executive officer of this utility holding company , effective Feb. 1 , 1990 . 
The board increased by one to 26 members . 
Customers lean forward , rest their knees on side supports and bury their face in padding on the back of the chair . 
Yesterday , Mr. Blum , 41 , said he was n't aware of plans at Ladenburg to name a co-chairman to succeed Mr. Koenig and said the board would need to approve any appointments or title changes . 
Mr. Reupke was one of three executives on Reuters 's eight-person executive committee who did n't also serve on the company 's board of directors . 
Jerry Junkins , chairman , president and chief executive officer , said sluggish consumer-electronics sales reduced demand for semiconductors . 
`` For the middle and upper-middle class -LCB- Filipino -RCB- is declasse , '' says Bien Lumbera , a Philippine-studies professor at Quezon City 's University of the Philippines . 
Rome magistrates accuse Mr. Carboni and several other people of trying to extort 1.2 billion lire -LRB- $ 880,000 -RRB- from the Vatican in return for documents contained in the briefcase of Roberto Calvi , the Ambrosiano chairman found hanged under London 's Blackfriar 's Bridge shortly before the bank 's collapse . 
The agreement is subject to the banking company 's board approval , which is expected next month . 
-LRB- Jacksonville , Fla. -RRB- -- Charles Bates , president , chief executive and chief operating officer will resign from these positions and the board effective Oct. 31 . 
The university had sought an injunction blocking Connaught 's board from recommending or supporting an offer for the company by Merieux . 
Charles Wohlstetter , chairman of Contel , who is helping organize the alliance of Big Board-listed firms , said he had no time to work yesterday because he received so many phone calls , faxes and letters supporting his view that the Big Board has been turned into a `` gambling casino '' by program traders . 
`` It became apparent in hearings that there ought to be regulation of leveraged buy-outs of some sort , '' Rep. James Oberstar -LRB- D. , Minn. -RRB- , chairman of the House Aviation Subcommittee , said during the panel 's deliberations . 
`` Secretary of the Treasury Brady and Chairman Greenspan and the chairman of the SEC and others have been in close contact . 
Of greater help , the Big Board chairman said , was the `` natural circuit breaker '' of the weekend , that provided a breathing period that `` brought rationality back to the market . 
However , other knowledgeable observers said they believed Mr. Crandall and the AMR board might well decide to tough it out without taking any extra steps . 
`` The membership warehouse-club concept has great potential , '' the company 's chairman , Joseph E. Antonini , said in a statement . 
At one point , Mr. Phelan angered the subcommittee 's chairman , Rep. Edward Markey -LRB- D. , Mass. -RRB- , by not going much beyond what already had been reported in the morning newspapers . 
Mr. Weisel , 49 , resigned as president and chief executive and will work on special projects , said John J. Wallace , chairman . 
In that way , the pilots may be able to force the board to approve a recapitalization that gives employees a majority stake , or to consider the labor-management group 's latest proposal . 
Rep. Hamilton said the bill will be modified substantially to call for two meetings each year between the Fed 's open market committee and the Treasury Secretary , the chairman of the Council of Economic Advisers and the director of the Office of Management and Budget . 
`` People see extra messages in advertising , and if a manufacturer is clearly trying to get something out of it ... if it 's too transparent ... then consumers will see through that , '' warns John Philip Jones , chairman of the advertising department at the Newhouse School of Public Communications at Syracuse University . 
`` There 's always a risk of lost messages , '' says John Fitzgerald , chairman of Ketchum Advertising USA , which created similar radio spots for Pittsburgh National Bank . 
Jerome J. Jahn , executive vice president and chief financial officer , said Mr. Rubendall was resigning by `` mutual agreement '' with the board . 
Later in the day , according to the source , the board reversed itself , decided to file for bankruptcy protection , and asked Mr. Evans to stay on . 
William C. Ballard Jr. , 48 years old , was elected a director of this distilled beverages concern , expanding the board to 11 members . 
Once triggered , the rights allow holders to buy additional shares at 50 % of the then current market price or , at the board 's discretion , to receive securities or assets . 
`` There is absolutely no way our board or membership would have approved the portrayal of the Hells Angels in this movie , '' said George Christie , president of the club 's Ventura chapter . 
Mr. Dozen succeeds Sadakane Doi , who will become vice chairman . 
The LIN board said holders may be misled by the provision in the McCaw proposal that `` guarantees '' private market value after five years for the remaining shares . 
The measure provides $ 321 million to maintain services but would sharply curb the power of the current board until successors are agreed to by the Bush administration . 
David Lindsey , chairman of the Fat Tire Bike celebration , muses that the bike 's popularity may be a combination of technology and nostalgia . 
Resist the urge to call your broker and sell all your stocks . 
People familiar with Nekoosa said its board is n't likely to meet before the week after next to respond to the bid . 
`` We want the bold programs of market development and political freedom in Hungary and in Poland to succeed . 
Leo Melamed , Merc executive committee chairman , said that the 12-point limit appeared to lessen the selling panic Oct. 13 . 
Joe Frank Sanderson , who is currently chairman , chief executive and treasurer , will remain chairman . 
But William O. Bourke , chairman and chief executive officer , said the ingot price `` appears to have bottomed out . '' 
`` Some of those folks were coming back , '' says Leslie Quick Jr. , chairman , of discount brokers Quick & Reilly Group Inc . 
`` Japanese publishers want to be introduced to the publishing and information industries , '' said John Veronis , chairman of Veronis Suhler . 
Great American Bank said its board approved the formation of a holding company enabling the savings bank to pursue nontraditional banking activities under a new federal law . 
Alan F. Shugart , currently chairman of Seagate Technology , led the team that developed the disk drives for PCs . 
Succeeding Mr. Whittington at Morgan Grenfell & Co. is Richard Webb , 50 , currently deputy chairman . 
Staar Surgical Co. 's board said that it has removed Thomas R. Waggoner as president and chief executive officer and that John R. Wolf , formerly executive vice president , sales and marketing , has been named president and chief executive officer . 
Debora Foster takes off her necklace , settles herself on a padded chair and gently leans forward . 
Frederick B. Taylor , 48 , also was named a vice chairman and chief investment officer , a new post . 
`` The implication of an unsettled situation is that the thing could drop dramatically , '' says Henry Linsert Jr. , chairman of Martek Corp. , a four-year-old biotechnology company that is planning a private placement of stock . 
His appointment expands the board to 13 members . 
Do they really believe that the number is just for verification and is simply a formality on the road to being a grand-prize winner ? 
But people familiar with the agenda of the board 's meeting last week in London said Mr. McGovern was fired . 
Over at the fiberglass factory , four white workers assemble water tanks on their own , and in their spare time they build townhouses across the road . 
Berkshire Hathaway earlier this year bought $ 600 million of preferred stock in Gillette that is convertible into an 11 % stake , and Gillette said at the time that Mr. Buffett would be added to the board . 
In Tokyo , share prices dropped sharply by 1.7 % in early Monday morning trading . 
That speculation abounded Friday as industry executives analyzed the appointment of the new chief executive , Robert Louis-Dreyfus , who joins Saatchi and becomes a member of its board on Jan. 1 . 
At Fannie Mae , he will take responsibility for the corporation 's financial and legal areas and will work with David Maxwell , chairman and chief executive officer , and Roger Birk , president and chief operating officer , on strategic planning . 
How should a reasonable member of the Federal Reserve Board interpret a congressional decision to put the secretary on the board ? 
Qintex Entertainment also said Chief Financial Officer and Treasurer Jonathan Lloyd , 37 years old , would join the nine-member board . 
And federal officials are promising to move rapidly with federal highway aid to rebuild the area 's severely damaged road system . 
Edward L. Kane succeeded Mr. Taylor as chairman . 
Corning 's chairman and chief executive officer , James R. Houghton , said operating performance continued to be strong in the telecommunications and health and science segments . 
His duties will be taken over by Anthony Richmond-Watson , who has been elected deputy chairman . 
CMS management said Thursday that they planned to recommend paying a modest dividend when the board of directors met Friday . 
Rymer Foods Inc. said its board authorized the purchase of as many as 500,000 of its common stock purchase warrants at a price of $ 4 a warrant . 
Mr. Harper expressed confidence that he and Mr. Baum can convince the board of their worthiness to run the company . 
In the end , Teddy returns alone to America , leaving Ruth in Max 's chair . 
A supremely cautious man , the Fed chairman is forever blinking yellow . 
That 's the advice of most investment professionals after Friday 's 190-point drop in the Dow Jones Industrial Average . 
At the Archer-Daniels-Midland Co. stand , Mrs. Nelson Rockefeller , a board member , offered him a soy burger . 
As chairman of the House Energy and Commerce Committee , Mr. Dingell has almost single-handed control over clean-air legislation . 
The letter , dated last Thursday , cited the losses at Valley National , and at United Bank , also of Phoenix , where Mr. Simmons was chairman for 29 years . 
The company grew modestly until 1986 , when a majority position in Hooker Corp. was acquired by Australian developer George Herscu , currently Hooker 's chairman . 
The reticence of federal officials was evident in the appearance Sunday of Budget Director Richard Darman on ABC 's `` This Week . '' 
Westamerica said Mr. Decker 's posts were assumed by David Payne , Westamerica 's chairman , who at 34 years of age becomes one of the youngest chief executives of a sizable bank in the country . 
The company also said expenses incurred by the previous board and management in the recent contest for control were recognized primarily in the first quarter ended Sept. 30 . 
Mr. Corry also ruled that all board meetings would be held in Pittsburgh instead of New York or Findlay , Ohio , Marathon 's home . 
He also rejected reports that his departure stemmed from disappointment the general manager 's post had n't also led to a board directorship at the London-based news organization . 
A group including Gene E. Phillips , former chairman of Southmark Corp. , and William S. Friedman , former vice chairman of Southmark , lowered its stake in the Dallas real estate concern to 7.7 % , according to a filing with the Securities and Exchange Commission . 
The decision to put the entire collection on the block stunned many , since Mr. Dorrance had served as chairman of the Philadelphia Museum of Art , and it had been assumed many of the works would be donated to the institution . 
It is prepared to assume the same role it played in October 1987 , providing money to the markets if necessary to keep the financial system afloat . 
All of the former board 's members were CPAs , provoking conflict-of-interest criticism because they were writing rules while handling clients ' books at the same time . 
The two most frequently rumored buyers , neither of whom would comment , were Coniston Partners , which battled the UAL board in 1987 , and New York real estate developer Donald Trump , who recently made and withdrew an offer for American Airlines parent AMR Corp . 
The graphics business , which also was singled out by the chairman as a positive , saw its operating earnings for the quarter jump 79 % to $ 42.1 million from $ 23.5 million . 
Anthony J.F. O'Reilly , the company 's chairman , swears by her firm touch , saying regular massages are a balm for his old football injuries . 
Par Pharmaceutical Inc. said it named its interim president and chief executive officer , Kenneth I. Sawyer , to those posts permanently , and elected him to the board . 
Figures assume a 7 % annual rise in tuition , fees , room and board and an 8 % annual investment return . 
Coldwell Banker also named three outside director nominees for its 17 member board . 
`` The issues that are -LRB- now -RRB- being raised , in classic anti-intellectual fashion , fly in the face of a number of post-crash studies , '' said Fred Grauer , chairman of Wells Fargo Investment Advisers . 
Roland J. Hawkins , chairman of Jet Vacations Inc. , was elected to the board of this cruise line . 
Sam Ginn , chairman and chief executive officer , told securities analysts in New York that the company expects somewhat slower per-share earnings growth in 1990 , although annual growth should return to the traditional figure of about 7 % thereafter . 
That 's when George L. Ball , chairman of the Prudential Insurance Co. of America unit , took to the internal intercom system to declare that the plunge was only `` mechanical . '' 
Alan Seelenfreund , 52 years old , was named chairman of this processor of prescription claims , succeeding Thomas W. Field Jr. , 55 , who resigned last month . 
KKR also signaled to the company 's creditors that Henry Kravis and other KKR directors of SCI TV would resign from the board once the restructuring is completed and forgo their voting rights . 
Newport officials did n't respond Friday to requests to discuss the changes at the company but earlier , Mr. Weekes had said Mr. Hollander wanted to have his own team on the board . 
He increases the board to seven . 
`` Banks want to remain competitive , '' said Norberto Mehl , chairman of Banxquote . 
Sheldon B. Lubar , chairman of Lubar & Co. , and John L. Murray , chairman of Universal Foods Corp. , were elected to the board of this engine maker . 
If I am catching your attention , then read a bold and informative article in this September 's issue of Science by Ethan Nadelmann on this subject . 
The board 's actions leave takeover stock traders nursing some $ 700 million in losses and eager to respond to anyone who might make a new offer . 
Mr. Brady was at the White House Friday afternoon when the stock market 's decline began . 
Jack Byrne , the chairman of Fireman 's Fund Corp. , which is based in Novato , Calif. , estimates insured losses resulting the earthquake could total $ 2 billion . 
Jeffrey , Peter , Joseph Jr. , William and Joseph Sr. constitute the company 's board . 
In addition , on Jan. 1 , Thomas A. Bennett , 52 , will become vice chairman and chief operating officer of Wachovia and Wachovia Bank & Trust , filling a vacancy left by the retired Hans W. Wanders in April . 
So far no one has suggested putting the comptroller back on the board . 
In the event that the buy-out group stalls in reviving its bid , the UAL board could remain under some pressure to seek another transaction , even without any legal obligation to do so . 
I think that 's less likely . '' 
Sir John Egan , Jaguar 's chairman , so far has refused to meet with Ford officials , but he is believed to be willing to consider a specific bid proposal . 
Mr. McKinney , 50 years old , was chairman and chief executive of American Fletcher Corp. , Indianapolis , when that bank holding company merged into Banc One in January 1987 . 
Mr. Meyer 's personal style was illustrated by his pinning a $ 100 bill to a high-school bulletin board on which other coaches tacked their cards . 
That may be difficult , the Jaguar chairman acknowledged , `` when you have somebody else breathing down your neck . 
Reuben Mark , chairman and chief executive officer of Colgate , said earnings growth was fueled by strong sales in Latin America , the Far East and Europe . 
Alberto M. Paracchini , currently chairman of BanPonce , will serve as president of the bank holding company and chairman of the subsidiary . 
The board could eventually come under some pressure to sell the company because its members can be ousted by a majority shareholder vote , particularly since one-third of UAL stock is held by takeover stock speculators who favor a sale . 
However , four are in the Michigan district of Rep. Bob Traxler , the chairman of the House subcommittee that writes the HUD spending bill . 
Robert H. Carlson , previous president and chief executive of Universal-Rundle , will assume the title of chairman of the unit , a vitreous-china maker . 
But under the bank 's proposed statutes , an assembly of shareholders must approve board members . 
Mr. Ross , who will be chairman and co-chief executive officer of Time Warner after the merger is complete , denied that in his own affidavit , and called Mr. Yetnikoff 's remarks `` vicious '' and his claims `` reckless , irresponsible and baseless , '' saying Warner under his leadership has started a number of businesses in Japan . 
Roughly one-third of its stock is believed held by takeover stock traders , who could vote to oust the board if they become impatient . 
At the moment , however , the painting is a nagging reminder of the problems that have engulfed CenTrust and its flamboyant chairman and chief executive , David L. Paul . 
The board would n't comment on its impending search for a new ad agency to handle its estimated $ 5 million to $ 6 million account . 
-- Give SEC authority to halt securities trading , -LRB- also opposed by new SEC chairman -RRB- . 
Nevertheless , Fed officials acknowledged the stories were reasonably accurate portrayals of the central bank 's game plan . 
David T. Kearns , Xerox chairman and chief executive officer , cited the restructuring and `` strong '' cost controls for the 13 % growth in profit from business products and systems operations . 
A UAL statement after the market closed Monday indicated that the airline 's board wanted to keep the company independent , effectively crushing hopes of an immediate buy-out . 
In any case , the foundering middle classes are n't the only ones in trouble -- or whose troubles provide material for fiction . 
Results for the third quarter ending Oct. 31 , are expected to be released the third week of November , according to Michael Dell , chairman and chief executive officer . 
John C. Marous , chairman and chief executive officer , says he expects a commercial order by 1995 for the company 's AP600 nuclear power plant , which is under development . 
Michael Grobstein , 46 years old , was named vice chairman for planning , marketing and industry services , a new post . 
`` The rate of failures will be much more than the rate of successes in the mega-projects , '' says G.S. Patel , a former chairman of the giant , government-run mutual fund , the Unit Trust of India . 
It would be like `` watching a black and white movie on a color TV set , '' says Malcolm G. Saull , chairman of the film and video department at the Rochester Institute of Technology . 
Randolph W. McElroy , a vice chairman of this bank-holding company , was named to the additional position of chairman of its principal unit , Sovran Bank . 
Ms. McFadden had been forced out in July in a bitter power struggle with Z. Lou Guttman , chairman and a longtime floor trader on the exchange . 
Lord Chilver , 63-year-old chairman of English China Clays PLC , was named a nonexecutive director of this British chemical company . 
Another possibility is for the pilots ' to team up with an outside investor who might try to force the ouster of the board through the solicitation of consents . 
But he kept Fruit of the Loom Inc. , the underwear maker that he still controls and serves as chairman and chief executive . 
Harry J. Gray and Melvyn N. Klein , along with five other IMA designees , were named to join American Medical 's 10-member board . 
Harry Rossi , 69 , chairman of the holding company , also remains chairman of Manhattan National Life Insurance Co . 
Mr. Warren will remain on the company 's board . 
He had frequent telephone consultations with Mr. Brady and Michael Boskin , chairman of the counsel of economic advisers . 
Only a year ago , the chairman of Bond Corp. , who controls about 58 % of the company , appeared to be building a war chest to attack some big companies . 
He sipped tea sweetened with honey from his high-backed leather chair at his bench , while scribbling notes ordering spectators to stop whispering or to take off their hats in his courtroom . 
Mr. Brawer , along with Mrs. Coleman and her daughter , Elizabeth , an attorney who is vice chairman , are the family members involved in the operations of Maidenform , which employs about 5,000 . 
To the extent that the $ 150 million budget will allow it , Mr. McDonough will rely on solid wood , rather than plywood or particle board , to limit the emission of formaldehyde . 
Sovran also named John B. Werner a vice chairman of the parent company and the unit and elected him to the newly created position of chief credit officer of Sovran Financial , increasing the number of corporate board members to 35 . 
After the three members of the court introduced themselves , the chairman of the panel said : `` Go ahead and tell us what happened . 
Government officials tried throughout the weekend to render a business-as-usual appearance in order to avoid any sense of panic . 
Sir Peter Walters , 58-year-old chairman of British Petroleum Co. until next March , joins the board of this cement products company on Dec. 1 . 
At Movieline , she wants `` specific paragraphing , specific tone , a specific attitude -- bright and bold and tongue-in-cheek . '' 
Merchant banks were stronger across the board . 
Their hope was that the catalyst would seek to oust the board in a solicitation of shareholder consents . 
The board added that McCaw would be able to control LIN 's operations and could , `` therefore , operate LIN in a manner which could diminish its private market value and attractiveness to a third-party purchaser in five years . '' 
Rep. Austin Murphy -LRB- D. , Pa. -RRB- , chairman of the House labor standards subcommittee , said they might have done better `` if we 'd held their feet to the fire . '' 
In a statement late yesterday , Santa Fe Pacific 's chairman , Robert D. Krebs , said that Santa Fe Pacific Realty would repay more than $ 500 million in debt owed to the parent before the planned spinoff . 
Cineplex Odeon Corp. directors said the company 's chairman and chief executive , Garth Drabinsky , is considering bidding 780.6 million Canadian dollars -LRB- US$ 666 million -RRB- to acquire the company . 
AMR 's board , in a statement after a regular meeting yesterday , said : `` Ill-considered and reckless acquisition proposals adversely affect employee , financial and business relationships and are contrary to the best interests of AMR shareholders ... . 
Bob Evans Inc. said its board authorized the purchase of as many as 500,000 shares of its common . 
Leon J. Level , vice president and chief financial officer of this computer services concern , and F. Warren McFarlan , a professor at Harvard University 's Graduate School of Business , were elected directors , increasing board membership to nine . 
Although he called current market conditions `` highly competitive , '' Mr. LaMothe , Kellogg 's chairman and chief executive officer , forecast an earnings increase for the full year . 
`` Opening '' -LRB- 1981 -RRB- , from Glassworks , introduces the audience to the Glass technique : Never straying too far from the piano 's center , Mr. Glass works in the two octaves on either side of middle C , and his fingers seldom leave the keys . 
Even though it will be independent of official television , Nika will have an oversight board that will include members of the Communist youth league . 
Prices were up across the board , with most blue-chip stocks registering solid gains . 
Alfred Sikes , the new FCC chairman , championed deregulation of AT&T at his last job as head of a Commerce Department telecommunications agency . 
The group temporarily will report to Irving W. Bailey II , chairman , president and chief executive officer of Capital Holding . 
Meanwhile , another hospital 's proposal for a new-generation lithotripter is pending before the board that administers the certificate-of-need law . 
Mr. Brissette will remain a Canonie board member and will be a consultant to the company . 
Roger M. Marino , president , was named to the new post of vice chairman . 
Chairman Gonzalez expresses sympathy for Sen. Riegle , his counterpart as chairman of the Senate Banking Committee . 
The acquisition is subject to approval by Kennametal 's board . 
CBS pursues top sports `` to belie the fact that they are n't supporting affiliates , viewers and advertisers , '' charges Thomas H. Wyman , who was ousted as chairman of CBS Inc. after Laurence A. Tisch bought a 24.9 % stake in the company and took over three years ago . 
It will be hard down the road to persuade Congress to approve money for SDI plans if lawmakers fear those plans could scuttle a completed treaty . 
He was quickly on the phone with Mr. Mullins , who in turn was talking with the chairmen of the New York and Chicago exchanges . 
The French state-controlled auto group and the Dutch truck maker plan to incorporate the new trucks into their product lines when they begin production toward the middle of the 1990s . 
The Camden County congressman still carries himself with a trademark `` I'm-coming-down-your-throat '' intensity , but at a pause in Newark 's Columbus Day parade recently , he was dancing with his wife in the middle of the avenue in the city 's old Italian-American ward . 
Richard Rifenburgh , chairman and chief executive of the Longmont , Colo. , disk-drive maker , also said the company continued losing money in the third quarter and expects to sustain further losses through the end of the year . 
Franco Reviglio , ENI chairman , looks for sweeping structural change in the oil industry -- he calls it a `` revolution '' requiring huge investments -- as a result of environmental issues . 
`` When we started the program six years ago , the use of Filipino was deemed unwise by the predominantly middle class , '' says Lydia Brown , the program 's creator . 
Mr. Nastro is chairman of the Coffee , Sugar & Cocoa Exchange in New York and director of commodity administration at Shearson Lehman Hutton . 
Ronald J. Taylor , 48 , was named chairman of this insurance firm 's reinsurance brokerage group and its major unit , G.L. Hodson & Son Inc . 
In 1986 , Mr. Simmons also served on a committee of businessmen headed by William Seidman , chairman of the Federal Deposit Insurance Corp. and the Resolution Trust Corp . 
Banc One said `` it is contemplated '' that John B. McCoy , chairman and chief executive officer , will assume the additional position of president upon Mr. McKinney 's retirement . 
Indeed , one chief executive who was downright delighted by Friday 's events was Robert Crandall , chairman of AMR Corp. , the parent of American Airlines and the target of a takeover offer by Mr. Trump . 
The board had also been expected to approve a SKr1.5 billion international offering of new Trelleborg shares . 
g - 10.06.89 NAV:22.15 . 
`` I 'm not obligated to sit down and talk to anybody , '' the Jaguar chairman asserted yesterday . 
In New York City , the new Chancellor , Joseph Fernandez , has landed like a 16-inch shell in the middle of a system that has been impervious to serious reform . 
Under the direction of its new chairman , Francisco Luzon , Spain 's seventh largest bank is undergoing a tough restructuring that analysts say may be the first step toward the bank 's privatization . 
In January , he accepted the position of vice chairman of Carlyle Group , a merchant banking concern . 
e - In Canadian dollars . 
In addition , the chairman has a wary eye aimed a year or two down the road . 
But it said Charles Johnston , ISI chairman and president , agreed to sell his 60 % stake in ISI to Memotec upon completion of the tender offer for a combination of cash , Memotec stock and debentures . 
`` It has an archival , almost nostalgic quality to it , '' says Owen B. Butler , the chairman of the applied photography department at Rochester Institute of Technology . 
Mr. Robertson was also removed from the board of First National Bank of New Jersey-Salem County , another unit , and the Toms River bank . 
He was named chief executive officer of Applied in 1986 and became chairman last November . 
However , a catalyst like Coniston could seek shareholder support for a sale to a labor-management group at the last price discussed by that group before the board meeting Monday . 
Walter Connolly , chairman , said in an interview that the company expects to record pretax gains of $ 100 million to $ 125 million from the sale of its leasing operations and of certain financial processing services . 
The board is dominated by the heirs of the late John T. Dorrance Jr. , who controlled about 58 % of Campbell 's stock when he died in April . 
It was , after all , only his second full day as chairman of the Securities and Exchange Commission . 
We finally rendezvoused with our balloon , which had come to rest on a dirt road amid a clutch of Epinalers who watched us disassemble our craft -- another half-an-hour of non-flight activity -- that included the precision routine of yanking the balloon to the ground , punching all the air out of it , rolling it up and cramming it and the basket into the trailer . 
`` Our net income is n't where we would want it to be at this point , '' said William C. Ferguson , chairman and chief executive officer . 
Lewis L. Glucksman , vice chairman of Smith Barney , Harris Upham & Co. , said : `` This is a problem that 's taking on a life of its own . 
He remains chairman , but wields little power at the company . 
`` If I were choosing the people of tomorrow , I would have chosen the people who are now on the board , '' he said . 
`` Prices for retail chains are lower today than they were last week , which will help management , '' said Gilbert Harrison , chairman of Financo Inc. , an investment-banking firm specializing in retailing acquisitions . 
Fed officials appear reluctant to ease their credit grip any further because a bold move does n't appear necessary , several investment managers said . 
The board increased to 11 seats . 
Albert Fried Jr. , a 59-year-old director and holder of a 9.5 % stake in the company , was named chairman of this maker of products for the construction equipment , material handling and railroad industries . 
One person familiar with UAL said the unsettled labor situation and the uncertain world-wide financial markets contributed to the board 's decision to avoid `` rushing around selling the company at a bargain price , '' particularly since it accepted a $ 300-a-share offer just last month . 
This is n't going to help , '' said Kenneth T. Rosen , chairman of the Center for Real Estate and Urban Economics at the University of California at Berkeley . 
However , Tony Lama said it would promptly submit the offer to a special committee of the company 's board . 
He succeeds Alfred O.P. Leubert , 66 , who continues as chairman and chief executive officer . 
Among the other alumni are Stephen Wolf , now chairman of UAL Inc. , and Thomas Plaskett , president of Pan Am Corp . 
Jerome Grossman , chairman of the panel , agrees that administrative costs of utilization management programs can be high . 
Kwek Hong Png , chairman of CDL , and director Quek Leng Chye were arrested by the republic 's Corrupt Practices Investigation Bureau Tuesday night . 
Earlier this month , a group led by three of the company 's directors , Burt Sugarman , James M. Trotter III and Willam E. Trotter II , indicated it had a 45.2 % stake in the Louisville , Ky. , fast-food company and that it planned to seek a majority of seats on Rally 's nine-member board . 
Mr. Taylor also was named a director , increasing the board to 22 , but is not part of the new office of the chairman . 
b - As of Thursday 's close . 
William G. Kuhns , former chairman and chief executive officer of General Public Utilities Corp. , was elected a director of this maker of industrial and construction equipment , increasing board membership to 10 . 
In addition , the White House said that Charles Harper , chairman of ConAgra Inc. , and John McGillicuddy , chairman of Manufacturers Hanover Corp. , will be among a group of at least 15 business and labor representatives in the presidential mission . 
`` It seems computers as hobbies have waned , '' says Ian Brightman , Beseler 's chairman and chief executive officer . 
Campeau 's chairman , Robert Campeau , said at its annual meeting in July that he valued Bloomingdale 's at $ 2 billion . 
Thomas Spiegel , Columbia 's chairman , said in a statement that the thrift was `` disappointed '' by the effects of the accounting changes . 
`` I really do n't see the government doing something that Jaguar does n't want over the next 14 months , '' said Kenneth Warren , a Conservative member of Parliament and chairman of the Select Committee on Trade and Industry in Britain 's House of Commons . 
Meanwhile , the company 's board , which had said nothing publicly about investor Donald Trump 's recently withdrawn $ 7.5 billion offer for AMR , issued a statement condemning `` ill-conceived and reckless '' bids and saying it was `` pleased '' that Mr. Trump had backed out . 
Mr. Rogers , 60 years old , succeeds J.V. White , 64 , who will remain chairman and chairman of the executive committee . 
Gillette Co. elected Warren E. Buffett , chairman of Berkshire Hathaway Inc. , to its board , increasing the number of directors to 12 from 11 . 
It 's not an effort to steal the company '' in the middle of the night . 
After four year of tinkering and $ 2.4 million in seed money , the board set up the new marketplace , titled it the Chicago Board Options Exchange , and named Sullivan its first president . 
Just five months after Ogilvy Group was swallowed up in an unsolicited takeover , Kenneth Roman , Ogilvy 's chairman and chief executive officer , said he is leaving to take a top post at American Express Co . 
Frank J. Pascale , chairman of Eagle , will be chairman of the new firm and James C. Smith , president and chief executive officer of Webster , will take those posts at Webster\/Eagle . 
It has n't made merger overtures to the board . 
Christopher Whittle , chairman of the Knoxville , Tenn. , media company that is 50 % owned by Time Warner Inc. , said that by December 1990 he expects to have Channel One installed in about 8,000 schools with a potential audience of six million . 
The transaction has been approved by Kyle 's board , but requires the approval of the company 's shareholders . 
Navigation Mixte 's chairman had suggested that friendly institutions were likely to buy its stock as soon as trading opened Monday . 
The combined companies will become profitable by January 1990 , said James P. Sherblom , Transgenic 's chairman and chief executive officer . 
Currently in the middle of a four-week , 20-city tour as a solo pianist , Mr. Glass has left behind his synthesizers , equipment and collaborators in favor of going it alone . 
Mary Anne Sudol , an analyst at Fitch Investors in New York , said automotive suppliers were reporting lower profit almost `` across the board . '' 
Mr. Leavitt , 37 , was elected chairman earlier this year by the company 's new board , having served as vice president for legal and corporate affairs . 
Mr. Ackerman already is seeking to oust Mr. Edelman as chairman of Datapoint Corp. , an Intelogic affiliate . 
While Ms. Kaddurah-Daouk left MIT to head Amira , Prof. Schimmel will continue to work at MIT , serve on Amira 's board and own a small equity stake in the company . 
Allegheny Ludlum Corp. expects to report third-quarter net of about $ 34 million , or $ 1.50 a share , down from $ 38.4 million , or $ 1.70 a share , a year earlier , Richard P. Simmons , chairman and chief executive officer , told institutional investors in New York . 
People familiar with Monday 's board meeting said it was the state 's refusal to explicitly reaffirm the credit guarantees that led Union Bank and Postipankki to halt lending to Waertsilae Marine . 
But analysts said early results from the reorganization have been disappointing , especially in Europe , and there were signs that the board became impatient . 
He was chairman and co-chief executive officer of Ladenburg , Thalmann & Co. until July , when he was named co-chairman of the investment-banking firm along with Howard L. Blum Jr. , who then became the sole chief executive . 
Seven Japanese department-store groups were approached by investment bankers representing Bloomingdale 's chairman , Marvin Traub , and more than half are seeking additional information on the group , bankers say . 
David Boren , the Intelligence Committee chairman , is upset that someone leaked a letter to the committee from the Reagan administration suggesting that the U.S. would undertake to warn Panamanian thug Manuel Noriega if it got wind of an impending coup that might result in his assassination . 
He also is close to American Express 's chairman and chief executive officer , James D. Robinson III . 
Regarding the Oct. 3 letter to the editor from Rep. Tom Lantos , chairman of the House Subcommittee on Employment and Housing , alleging : 
He will also remain a director , US Facilities said , but wo n't serve on any board committees . 
Keystone Consolidated Industries Inc. expects to report earnings before extraordinary tax benefits of about $ 1.5 million , or about 41 cents a share , for the third quarter , compared with a loss last year , said Glenn R. Simmons , chairman and chief executive officer . 
Fred D. Thompson , a 47-year-old attorney in private practice in Washington and Nashville , Tenn. , was elected to the board of this engineering and construction company . 
The government , in turn , guaranteed financing to complete the order backlog and took control of the board . 
Norman J. Harrison , chairman , will succeed him as chief executive . 
Ratners 's chairman , Gerald Ratner , said the deal remains of `` substantial benefit to Ratners . '' 
As it turns out , the board has a lot of important members , including Winton Blount -LRB- former postmaster general of the U.S. -RRB- , Mrs. Henry Gaisman -LRB- widow of the inventor of auto-strop razor -RRB- and Vincent Murphy -LRB- an investment banker at Merrill Lynch & Co . -RRB- 
Mr. Sloan plans to remain on the board until his current term expires in April 1991 , a Lance spokesman said . 
Carrying the new message on the road , Mr. Straszheim meets confrontation that often occurs in inverse proportion to the size of the client . 
Total Assets Protection Inc. , rebounding from its earlier loss , expects to report earnings from operations of about $ 200,000 for the third quarter , J.C. Matlock , chairman , said . 
In an interview , W. Brent LeGere , chairman and chief executive officer , said he expects revenue in the latest quarter to total about $ 28 million . 
Louisiana-Pacific Corp. said its board authorized the purchase of as many as five million of its common shares for employee stock plans and other general corporate purposes . 
Kidder denied that GE 's chairman and chief executive , John F. Welch , had anything to do with Kidder 's decision . 
One former executive says , `` Nobody wanted that deal inside USX except Dave Roderick , '' who was a hunting and fishing buddy of William L. Hutchison , chairman of Texas Oil & Gas . 
But early on Oct. 19 , the second of two hectic days of board meetings , Mr. Evans said he believed Qintex Australia would n't be forthcoming . 
What you want to know is when the road 's rough , when there 's snow and ice , how 's this car going to perform ? '' 
Aides say he continued to work the phones through the weekend . 
Commissioner Mary Francis Berry said it was `` another sad episode in the saga of the unguided missile who is chairman . '' 
But other than the fact that besuboru is played with a ball and a bat , it 's unrecognizable : Fans politely return foul balls to stadium ushers ; the strike zone expands depending on the size of the hitter ; ties are permitted -- even welcomed -- since they honorably sidestep the shame of defeat ; players must abide by strict rules of conduct even in their personal lives -- players for the Tokyo Giants , for example , must always wear ties when on the road . 
One takeover expert noted that arbitragers could force a recapitalization through the written consent process under which holders may oust the board by a majority vote . 
Jay Marcus , president , said the move `` reflects the confidence of our board and management in Halsey 's long-term prospects and our desire to provide our shareholders with an attractive return on their investment . '' 
On Friday , the Merc 's board announced that it had approved Sabine Pipe Line Co. 's Henry Hub in Erath , La. , as the delivery site for its long-awaited natural gas futures contract . 
Philip M. Hawley , chairman of Carter Hawley Hale Stores Inc. , expects sales at department stores open at least a year to rise a modest 3 % to 5 % over last year 's totals , both for his company and the industry in general . 
This perhaps was perceived as a `` bold '' stance , and thus suspicious . 
The board said it concluded that `` the welfare of the company , its shareholders , its employees and the broader public ... can best be enhanced by continued development of UAL as a strong , viable , independent company . '' 
He succeeds James A. Taylor , who stepped down as chairman , president and chief executive in March for health reasons . 
They are : James R. Eiszner , 62 years old and chairman and chief executive officer of CPC International Inc. ; Robert G. Schwartz , 61 , chairman , president and chief executive officer of Metropolitan Life Insurance Co. , and Walter V. Shipley , 53 , chairman and chief executive officer of Chemical Banking Corp . 
`` The pilots will be involved in any transaction that takes place around here , '' pilot union chairman Frederick C. Dubinsky declared yesterday . 
The chief economist of Merrill Lynch & Co. finds himself in such a position as he buzzes the Midwest on his first road trip since backpedaling on a major prediction . 
In a sharply written letter , Rep. David Obey , chairman of the House appropriations subcommittee for foreign operations , warned Mr. Bush that the result of his `` ultimatum '' could weaken efforts to accommodate the administration elsewhere . 
Sen. John Kerry -LRB- D. , Mass. -RRB- , chairman of a Senate Foreign Relations subcommittee that oversees the issue of money laundering , criticized the proposal for ignoring wire transfers between foreign banks that are executed and cleared on U.S. wire systems . 
At the Treasury , Secretary Brady issued a statement minimizing the stock market 's drop . 
The partnerships said they may seek board representation , and they may seek the support of CACI 's board and other major shareholders in connection with their plans . 
Even some takeover-stock traders said they could n't quarrel with the board 's logic . 
It 's especially nettlesome `` if you 're on the road and you 're the one responsible , '' says Eddie Brown , president of Brown Capital Management Inc. , a Baltimore money-management firm . 
`` The disturbing thing about this abortion issue is that the debate has become polarized , so that no mechanism exists '' for finding a middle ground . 
One big factor affecting the fiscal second half will be the new stewardship of Edwin L. Artzt , who becomes chairman and chief executive officer in January . 
The best moments in the show occur at the beginning and the end -LRB- and occasionally in the middle -RRB- , when Mr. Mason slips into his standup mode and starts meting out that old-fashioned Jewish mischief to other people as well as to himself . 
In recent months , California 's Transportation Department has been recruiting in Pennsylvania , Arizona and Texas for engineers experienced in road and bridge design . 
Mesa President Larry Risley said his board had received Stateswest 's most recent offer and was reviewing it . 
Mervin Lung remains chairman and chief executive officer . 
Philips Industries Inc. said its board authorized the redemption Dec. 6 of the company 's $ 1 cumulative convertible special preferred stock at $ 37.50 a share , not including a 25 cent dividend for the current quarter , and the $ 3 cumulative convertible preferred stock at $ 75 , plus a 75 cent dividend for the current quarter . 
Mr. Abalkin , head of the Academy of Science 's Institute of Economics , was recently appointed deputy chairman of the Soviet government and head of a state commission on economic reform . 
He succeeds Terrence D. Daniels , formerly a W.R. Grace vice chairman , who resigned . 
Mr. Percival will be succeeded on an interim basis by George Kadonada , US Facilities chairman and president . 
Colleagues today recall with some humor how meetings would crawl into the early morning hours as Mr. Dinkins would march his staff out of board meetings and into his private office to discuss , en masse , certain controversial proposals . 
Senator Byrd is chairman of the Appropriations Committee . 
News of Mr. Eward 's retirement comes one day after Morgan said that Christopher Whittington resigned as chairman of Morgan 's banking subsidiary to join a financial services firm . 
`` This is clever , subliminal advertising that really says , ` Smokers have rights , too , ' '' says Al Ries , chairman of Trout & Ries Inc. , a Greenwich , Conn. , marketing strategy firm . 
Now there are more lines connected to the chairman 's office , and the market-monitoring computer has been moved next to his desk . 
Mr. Hollander was named chairman last week , succeeding Mr. Weekes , who was among the ousted directors . 
PepsiCo Inc. 's chairman said he is `` more than comfortable with '' analysts ' estimates that third-quarter earnings rose to at least 98 cents to $ 1 a share from 91 cents the year earlier . 
Succeeding Mr. Whittington as deputy chairman of the group is Anthony Richmond-Watson , 43 , currently a main board member . 
But , he adds , `` We ca n't tell where it will go at all because we 're still in the middle of it . '' 
Thanks to a new air-traffic agreement and the ability of Irish travel agents to issue Aeroflot tickets , tourists here are taking advantage of Aeroflot 's reasonable prices to board flights in Shannon for holidays in Havana , Kingston and Mexico City . 
T. Marshall Hahn Jr. , Georgia-Pacific 's chairman and chief executive , said in an interview that all terms of the offer are negotiable . 
Mr. Hayes , 52 years old , left Southwestern Bell Telephone Co. in January , where he had been chairman , president and chief executive , to join Triad Capital Partners , a St. Louis company with interests in solid waste and recycling , telecommunications and international venture capital . 
The filing also said certain provisions which apply to persons acquiring 20 % or more of Intelogic common stock , were waived by Intelogic for Mr. Edelman , who is chairman of the company . 
A company spokesman said he believed the confusion was caused when James Batten , Knight-Ridder 's chairman and chief executive , told New York analysts two weeks ago that Knight-Ridder 's earnings per share for the first nine months of 1989 would `` be behind a little bit '' from like period of 
However , CDs sold through major broker-dealer networks were up slightly almost across the board . 
`` This is a good quarter for us in terms of our business fundamentals , '' said Sam Ginn , chairman and chief executive officer . 
In a statement , Alex Kroll , Young & Rubicam 's chairman , said `` under the present circumstances -LCB- we -RCB- have agreed that it is prudent to discontinue that contract . '' 
That can pay off down the road as customers , especially the younger ones , change from borrowers to savers\/investors . 
Telos responded by combining three of its five divisions to reduce expenses and `` bring more focus to potentially fewer bidding opportunities , '' says Lin Conger , Telos chairman and controlling shareholder . 
They continued to represent that to the board , '' said Mr. Lloyd . 
The chair is a way to package massage . '' 
Joe F. Lynch , the 56-year-old chairman and chief executive officer of First Continental Real Estate Investment Trust , was named to the new post of vice chairman of this bank holding company . 
Adds John Poag , a 727 captain and past chairman of the company-sponsored Flight Advisory Board : `` They 've made all these magnanimous gestures to the Flying Tiger pilots , and for us , nothing . '' 
Christopher Whittington , 51-year-old deputy chairman of this British investment-banking group and chairman of Morgan Grenfell & Co. , the group 's main banking unit , has retired from his executive duties . 
In an interview Thursday , Claude Bebear , chairman and chief executive officer of Axa , said his group has already obtained assurances from a group of banks led by Cie . Financiere de Paribas that they can provide the loan portion of the financing . 
His father , David S. Leavitt , was chairman and chief executive until his death in an accident five years ago , at which time Mr. Penn was named president . 
The directors added that the two executives have n't reached a final decision to proceed with a bid and that until an offer is made the board will continue seeking higher offers from other bidders . 
Other airline stocks fell in response to the UAL board 's decision to remain independent for now , including USAir Group , which separately reported a third-quarter loss of $ 1.86 a share compared with a year-ago profit . 
An apartment complex down the road is the crew-rest and staging area for more than 130 Aeroflot pilots and flight attendants . 
The 57-year-old Mr. Gressette , who was also elected chairman and chief executive of all Scana subsidiaries , succeeds John A. Warren . 
Mr. Waggoner has been involved in a dispute with the board since August , when he ousted all the directors . 
Ms. Clifton had been executive financial assistant to the chairman . 
Richard J. Pinola was elected to the board of this personnel consulting concern , increasing its size to nine members . 
AMR 's chairman , Robert L. Crandall , said the results were due to an 11 % year-to-year increase in fuel prices and a slight decrease in yield , an industry measure analogous to profit margin on each seat sold . 
In a management restructuring , Thomas L. Ringer resigned as chairman , chief executive and a director , while Israel Sheinberg resigned as a director . 
Today , the pixie-like clarinetist has mostly dropped the missionary work -LRB- though a touch of the old Tashi still survives -RRB- and now goes on the road with piano , bass , a slide show , and a repertoire that ranges from light classical to light jazz to light pop , with a few notable exceptions . 
ISI said its board has instructed management to accept inquiries from any others interested in making a bid . 
He will remain on the Banc One board . 
Peter Cawdron , group strategy development director , and Bill Shardlow , group personnel director , will become part of the board 's management committee . 
After eight moves by each side , the board was the same as in a game in which Nigel Short of Great Britain fought the champion to a draw in 1980 . 
J.P. Bolduc , vice chairman of W.R. Grace & Co. , which holds a 83.4 % interest in this energy-services company , was elected a director . 
M. Anthony Burns , Ryder 's chairman and chief executive officer , said : `` We 're constantly trying to find ways to regain the earnings momentum . 
He is well-known in Democratic circles , having been executive assistant to Vice President Walter Mondale and chairman of Mr. Mondale 's 1984 presidential campaign . 
Then , in May 1988 , Mr. Tisch urgently needed to make a bold statement to quell rumors that he might sell the network . 
Moscom Corp. said its board approved the repurchase of as many as 300,000 common shares when market conditions are suitable . 
Today , with about 75 % of the companies ' products being made in China , the chairman of the Hong Kong Toys Council , Dennis Ting , has suggested a new sourcing label : `` Made in China by Hong Kong Companies . '' 
Gerald Ford , a fairly down-to-earth fellow , once sent a letter to the chairman of the Armed Services Committee recommending that `` there be a committee investigation of the UFO phenomenon . 
He will retain the honorary title of non-executive chairman . 
Trek previously made only traditional road bikes , but `` it did n't take a rocket scientist to change a road bike into a mountain bike , '' says Trek 's president , Dick Burke . 
The Federal National Mortgage Association set up a three-member office of the chairman and elected James A. Johnson as vice chairman , effective Jan. 1 . 
Vernon E. Jordan was elected to the board of this transportation services concern . 
At another point during the hearing , Rep. Markey asked Mr. Phelan what would be discussed at a New York exchange board meeting today . 
Died : Rudolf von Bennigsen-Foerder , 63 , chairman of Veba AG of West Germany , in Duesseldorf , of pneumonia . 
As a result , last March the General Services Administration board of contract appeals directed NASA to reopen negotiations on the contract . 
Douglas H. Miller , self-employed in the oil and gas securities business , was named chairman of this oil and gas exploration company , filling a vacancy . 
But the chairman 's supporters have the upper hand as federal regulators press a $ 1.1 billion fraud suit against Mr. Keating and others . 
Mr. Nogales , the first Hispanic person to serve as a Coors director , is an addition to the board , increasing its membership to nine . 
`` Then there was a big liquidation of stock '' across the board , he added . 
Alan G. Hassenfeld , chairman and chief executive , added that Hasbro 's new line of battery-powered racing cars , called Record Breakers , and its acquisition of Cabbage Patch Kids , Scrabble and other lines from Coleco Industries Inc. puts the company `` in a good position as we enter the Christmas buying season . '' 
Robert Robie , 51 , was named to the new positions of vice chairman and chief credit officer . 
The building , which will handle child abuse , custody and foster care cases , will be `` less formal , less threatening and just basically less grim than most courthouses , '' says Edmund Edelman , chairman of the Los Angeles County Board of Supervisors . 
Reached at his office , Mr. McFall , currently chairman , said , `` An implication that we failed to return investor funds is inappropriate and inaccurate . ''