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View Sample Pages : Kokomo Tribune, November 21, 1989

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Kokomo Tribune (Newspaper) - November 21, 1989, Kokomo, Indiana Business GE announces repurchase plan NEW YORK AP General Electric Co announced a share holderpleasing plan to spend ex cess cash on the biggest single stock repurchase program in corporate history billion over five years The action coupled with a 15 percent increase in dividends was aimed at satisfying investors who complained GE has not been using the money it generates to benefit shareholders Dunkin Donuts to be acquired BOSTON Donuts which fought off a hostile takeover attempt earlier this year said it has agreed to be acquired by the British food and beverage company AlliedLyons PLC for million in cash Dunkin Donuts accepted the a share offer on Friday It had been the target of an unin vited bid from DD Acquisition a Canadian partnership which was offering a share Reitman elected to directors board CLEVELAND Robert S Reitman has been elected to the board of directors of Ameritrust the parent of Ameritrust Bank Howard County Ind Reitman is filling the unexpired term of Gerald C McDonough who recently resigned He is a graduate of West Virginia University and has a law degree from Case Western Reserve University Since 1982 Reitman has been president chairman and chief ex ecutive officer of The Tranzonic Cos of Pepper Pike Ohio He also serves as vice president and director of Mercury Holdings Corp and as director of Capital for Israel Inc Ameritrust directors also declared a regular dividend of 32 cents per share payable Dec 8 to stockholders of record at the close of business Nov 27 6ofB Dalton stores closing NEW YORK Hooker unable to find a buyer for its B Altman depart ment stores said it would close six of the chains seven branches 8 Kokomo Tribune Tuesday Nov 21 1989 Cut procrastinators fear of failure By Paula Ancona Scripps Howard News Service If youve been putting off deal ing with that procrastinator in your workplace read on Procrastinators stifle progress not only on their own work but on other related projects too Its unrealistic to expect to change someones laidback personality But there are ways to encourage more and quicker action from stallers whether theyre co workers supervisors or yourself Involve procrastinators in decisions related to their work Avoid ordering them around with language such as you you have to and youd Participation encourages com mitment and responsibility Break the task into pieces that can be started now and reviewed soon Suggest that a rough draft be done by Friday instead of ask ing to see the completed work next week It will seem less foreboding that way Set a timetable for all those interim goals There will be no misunderstanding about due dates And it helps provide momentum Is the procrastinator stalling because of a drive to be perfect If so talk to that staff member about whether perfection is necessary and realistic for this project Look objectively at what will happen if the project isnt perfect Criticize constructively Pro crastinators can become para lyzed if criticism is angry and sharp or if it focuses on the per son instead of the work Give lots of praise at every step And mix some praise in with your criticism to help cut the pro crastinators fear of failure Make sure the procrastinator has all the support necessary to do the job Is more training needed More information More supplies Relief from other duties Avoid tinkering with the pro jects priorities once it is started Its difficult to begin when the rules keep changing If you must change an assignment after its started tune in to what support employees need to shift gears and provide it If your boss is procrastinating on a decision or project offer to take the next step yourself for example drafting a memo to Money connections equal power By Kenneth Eskey Scripps Howard News Service The scandalous saga of Califor nias Lincoln Savings and Loan Association is proof positive that money and connections will take you a long way in American life There are so many ploys and power plays in the Lincoln story that figuring out who did what for whom is a job worthy of Sam Spade or Hercule Poirot Lincoln is no ordinary savings and loan Its owner Charles Keating is a grand master at befriending politicians hiring away critics and threatening to sue adversaries Keating a former Cincinnati lawyer is the freewheeling chairman of American Continen tal an Arizona land devel opment company of which Lincoln is a subsidiary American Continental went bankrupt last April A day later Lincoln was taken over by regulators as a failing institution Rescuing it will cost taxpayers at least billion The government which is suing for billion contends Lincoln was looted by Keating his family and business associates who earned princely salaries for mak ing terrible investments By rights Lincoln should have been taken over two years ago when examiners in San Francisco warned that Lincoln was piling up big losses on bad loans Then strange things began to happen Five senators all recipients of campaign contributions from Keating talked to regulators in Summit Bank Will Be Closed Thursday November 23rd In Observance of Thanksgiving Day ReOpen Friday November 24th To Serve Your Full Service Needs 3541 South LaFountain Street 4535350 11 Driveup Window Friday Lobby Friday 96 DIET IN JANUARY FREE HURRY JOIN NOW OFFER EXPIRES We Care About You Center The weightloss professionals Women you can lose up to 15 Ibs FREE Men you can lose up to 30 Ibs FREE CALL US NOWI 4551800 April 1987 The five are Democrats Alan Cranston of California Den nis DeConcini of Arizona John Glenn of Ohio and Donald Riegle of Michigan and Republican John McCain of Arizona A month earlier Riegle who is chairman of the Senate Banking Committee had met with Keating and taken a helicopter tour of Keatings holdings in Phoenix Regulators in Washingon ordered a new examination of Lincoln and took supervision away from the San Francisco office partly because Keating had ref used to cooperate with San Fran cisco examiners An audit conducted for Keating by Jack Atchison of Ar thur Young Co found that com plaints about Lincoln by the San Francisco examiners were exag gerated Atchison later became executive president of American Continental Earlier Keating had tried to hire away his chief critic Edwin Gray when Gray was chairman of the Federal Home Loan Bank Board Barbara Thomas a former member of the Securities and Ex change Commission interceded twice for Keating in phone calls to regulators and to the SEC which was investigating American Continental for issuing misleading financial statements Ms Thomas had borrowed from Lin coln under unusually favorable according to the chair man of the House Banking Com mittee In May 1988 regulators signed a memorandum of understanding with Lincoln that made it difficult for the SEC to take Keating to court for sham fi nancial statements Meanwhile junk bonds issued by American Continental were be ing sold in Lincoln branches to gullible retirees many of whom thought the bonds now worthless were insured by the federal gov ernment After the Keating empire col lapsed Cranston suggested that perhaps the bondholders who lost more than million could be reimbursed by the taxpayers One footnote DeConcini is chief sponsor of a bill that would repeal the triple damages now available to victims of whitecollar crime The bill is not popular with state securities regulators Its time we recognized that whitecollar criminals are real says Colorado securities commissioner Philip Feigin another supervisor about a pro If you wind up doing it some progress is being made If you are told not to act youll probably also hear an explanation of why there has been no move ment Or ask other employees to discuss the decision or project with the procrastinating super visor Subtle pressure could ignite a spark If youre a procrastinator force yourself to tackle the most difficult tasks first while youre fresh Also tell a coworker or supervisor youll finish the job by a certain date Often your con science wont let you miss the deadline Promise yourself a reward for completing a task you would have preferred to put off Sources From How to Get Procrastinators Up to Neil Flore Working Woman March 1989 The Supervisors Problem Weiss American Management Associa tions 1982 is a time for Thanksgiving This is our way to thank Gary Carmichael President 2 PAIR FOR PRICE Some restrictions apply Expires 96 MonFri 91 Sat Medicaid Welcome Longe Optical In the Old City Hall 4590097 No Appt Necessary N eK WILL BE CLOSED WEDNESDAY NOV 22nd FURNITURE THIS WILL GIVE OUR STAFF THE OPPOR TUNITY TO REDUCE PRICES ON EVERY ITEM IN OUR TREMENDOUS INVENTORY IT WILL BE OUR FINAL MARK DOWN WE WILL REOPEN FOR BUSINESS OUR LAST 3 DAYS FRIDAY NOV 24th AT 10 WATCH THURSDAY TRIBUNE FOR SPECIAL HOURS AND DETAILS Thank You Weldon Clark Furniture 1016 MAIN KOKOMO IN of Deposit rate yield 36 months 24 months 12 months 6 months minimum deposit monthly compounding of interest substantial penalty or early withdrawal m A HASTEN BAWCOBP BANK Individual Retirement Accounts variable fixed yield rate rate 18 month 36 month 851 rates effective to 1 minimum for variable rate minimum for fixed rate substantial penalty for early withdrawal Money Market Savings Account and up rate yield The minimum deposit is and interest is compounded monthly T 1 First National Bank The bank with MOMENTUM 322 North Main Kokomo Indiana Member FDIC 4593911 ;