Graniteville Executives Guarded by Golden Parachute Deal
Graniteville top executives face a Posner takeover while protected by July 1982 golden parachute agreements. If forced out or after a change in control, Robert Timmerman Samuel Swint Jr. Jerry Johnson and John Cunningham receive three times their highest base salary plus top incentive pay, plus continued benefits and stock plans.
MENTIONED IN THIS ARTICLE
Posner
Graniteville
Robert P. Timmerman
Samuel H. Swint Jr
Jerry R. Johnson
John W. Cunningham
Timmerman
Swint
Johnson
Cunningham
TEC To Get State Grant For Training
Aiken Technical College received a state grant to fund retraining for workers laid off by local plants. About 240 county jobless residents will receive training, with the program run in cooperation with county industries and TEC officials.
MENTIONED IN THIS ARTICLE
Aiken Technical College
Aiken Tec
Leroy Delenbach
Delenbach
Laser Kills Growths Inside Body
Boston AP reports a medical laser technique called selective photothermalysis can target colored growths inside the body with pinpoint accuracy, potentially removing birthmarks and treating cells without harming surrounding tissue. Early tests show the method destroys pigment without harming cells and can eliminate small vessels with minimal pain.
MENTIONED IN THIS ARTICLE
Boston
John A. Parrish
Massachusetts General Hospital
Parrish
Science
Stock Plan Fight Shapes Graniteville Takeover
Southeastern Public Service Company seeks 51 percent or more of Graniteville at 15 dollars a share to gain control while weighing senior managers changes. Graniteville executives defend the employee stock ownership plan as beneficial, offsetting pension costs and expanding equity.
MENTIONED IN THIS ARTICLE
Graniteville Company
Securities and Exchange Commission
Victor Posner
Southeastern Public Service Company
Southeastern
Graniteville
Robert P. Timmerman
Jerry R. Johnson
Sarster H. Swint Jr
Posner
Drainage Study Planned Amid County Break-In Concerns
Aiken County Council discussed a county wide drainage study costing about 65000 dollars and lasting six to eighteen months. The plan covers seventeen problem areas with joint funding from Aiken City and possible cooperation from North Augusta. East Aiken residents protested a string of break ins at the meeting.
MENTIONED IN THIS ARTICLE
Aiken County
Barnes
Aiken
County Council
North Augusta
Country Place
East Aiken
Groups Offer To Drop Reactor Suit For Study
Citizens groups plan to drop a lawsuit blocking the L Reactor restart in exchange for a six month environmental study focused on restart issues at Savannah River Plant. The proposal includes a government funded independent commission to oversee findings and corrective actions as needed.
MENTIONED IN THIS ARTICLE
Columbia
Savannah
Hans Neuhauser
Georgia Conservancy
Savannah River
Neuhauser
U.S. Department of Energy
Reagan Administration
South Carolina
Energy Department
Derby bound Dede Biles to cover Kentucky Derby
Aiken Standard sports editor Dede Biles will again report from Louisville on the Kentucky Derby and Derby week activities. Her reports will include in-depth notes on Aiken-connected horses, Derby previews for the Oaks, and late race picks.
MENTIONED IN THIS ARTICLE
Louisville
Aiken Standard
Dede Biles
Ginny Southworth
Dede
Concord
N.C
Harry
Geraldine Biles
University of North Carolina
North Carolina
Bramazon Farm
Also Mentioned on This Page
Bill Baker
Judy Hoffmeyer
Southeastern Public Service Co
TEC
Abby Erma Bombeck
NEW
Ernest Gaines
James New
James Hilton
Edgefield Avenue
R.P. Timmerman
Derby
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