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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 07, 2002
Page
32
New York AP reports that in the year prior to Enron's bankruptcy chairman Kenneth Lay and over 140 top officials earned about 310 million in salaries and incentives. They realized 434.5 million in gains from stock options and stock, highlighting a shift toward short term stock performance over long term growth.
A Monsanto engineered corn that targets corn rootworm could reduce insecticide needs by up to 14 million pounds annually, promising environmental benefits. Farmer Vic Miller advocates adoption, noting Iowa fields and wide corn acreages drive pesticide reliance. The crop seeks government approval and could reshape inputs for U.S. growers.
Clark Retail Enterprises of Oak Brook has been chosen as Special Olympics Illinois Outstanding Organization of the Year. Since 1998 Clark supports the charity, with over 800 stores including 12 in Southern Illinois. In 2001, Clark raised $200,000 for Special Olympics, $90,000 for Illinois. Die cut medal icons sold for $1 through July bolster fundraising.
Northrop Grumman to acquire TRW for 7.8 billion in stock while Vivendi Universal reels from debt and leadership shakeup. Market reaction reflects lingering skepticism toward mega mergers as TRW slides and Vivendi faces collapse of its media empire plan.
Exeter New Hampshire AP Roger Penske was nearly named to Tyco International's board last year but declined due to potential conflicts. Critics note several current Tyco directors face conflicts amid an ongoing internal probe into finances, CEO Kozlowski's art purchases, and other related deals.
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