Plan for succession after sudden executive deaths
The article discusses how sudden deaths of top executives such as Walt Disney Co. president Frank Wells and Standard Brands chairman Martin Ackerman provoke urgent succession planning. It notes that many large firms have formal plans, while smaller firms often lack them, and stresses boards must actively designate future leadership to maintain momentum and stability.
MENTIONED IN THIS ARTICLE
Ronald E. Yates
Chicago Tribune
Walt Disney Co
Frank Wells
Nevada
Martin §. Ackerman
Standard Brands Paint Co
Disney
Standard
Chess
Commerce
Ron Brown
Gary Knisely
Johnson Smith and Knisely
New York
America
Steven Kaplan
University of Chicago Graduate School of Business
Oscar Huerta
Anker & Co
Los Angeles
Wall Street
Huerta
Nies
Knisely
Lucent Technologies Emerges From AT&T Spin Off
AT&T spun off its phone equipment division to form Lucent Technologies Inc in the largest U S stock offering to date. Lucent priced at 27 dollars a share, opened near 32, closing around 30 62, while AT&T fell 1 25 to 62 87. Lucent aims to be a dominant US telecom equipment maker and partners with Sprint as a future customer.
MENTIONED IN THIS ARTICLE
New York
At&t
Lucent Technologies Inc
U.S
Lucent
Lehi
New York Stock Exchange
Allstate Corp
Sears
At&t Corp
Geon expands Avon Lake plant with $20 million project
Geon officials broke ground on a 20 million expansion at the Avon Lake Walker Road plant to secure growth as a vinyl compounds leader. The project will add capacity, modernize lines, and reduce costs while about 50 jobs will be eliminated through early retirement or voluntary severance amid rising automation.
MENTIONED IN THIS ARTICLE
Avon Lake
Geon
Walker Road
Henry
Pedricktown
Geon A
William F. Patient
Patient
BF. Goodrich Chemical Co
Independence
Hans Kletke
Vincent Urbin
Auction Totals For Hogs Calves Cattle and Sheep Sale
The Kidron Auction reported large consignments across hogs calves cattle and sheep. Hogs ranged from 190 to over 260 pounds with prices from 24 to 49 dollars per head. calves sold from 35 to 55 dollars for various weights. cattle included steers 34 to 39 dollars and heifers 25 to 35. sheep market lambs 30 to 93 dollars. feeder lambs 70 to 173. dairy cows 1000 dollars plus. service bulls 200 to 575. A total of 2 753 head were sold from 477 consignors with 112 loads of hay and straw.
MENTIONED IN THIS ARTICLE
Kidron
Rates rise again as mortgage averages climb this week
Washington AP reports the 30 year fixed rate averaging 7.78 percent this week, up from 7.69 percent last week. One year adjustable rate mortgages show an initial average rate of 5.62 percent, unchanged from the prior week, per the Federal Home Loan Mortgage Corp survey released Thursday.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Mortgage Corp
Markets Closed for Good Friday Across Markets
U.S. financial markets, government offices and banks are closed today for Good Friday. Most foreign markets also are closed.
MENTIONED IN THIS ARTICLE
U.S
Analysts see 3 As cutting car sales
New York analysts at the New York Auto Show warned March sales at 15.9 million vehicles may not endure. They cited higher interest rates, tax refunds propping buying, rebates, and weak signals like layoffs and debt. Ford and Chrysler executives noted March strength but cautioned pace won’t persist into 1994.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Meeiatie Abtauecet
Ossrenet
Salomon Brothers
Equity Research
Jack Kirnan
Ford Motor Co
Ford Division
Ross Roberts
Also Mentioned on This Page
NYSE
Bosnia
Motorola Inc
Tele
United States
Sprint
Ryan Jacob
IPO Value Monitor
NCR Corp
Bell Laboratories
At Center
Richard Grasso
Exchange
At&t's
Murray Hill, Nd
Erchange
Consumer Products
Srike
Atat
Sharon Jefferson
The
Chronicle-Telegram
Dennis Cocco
Cocco
Bruce P. Bishop
DowCh
NEW York (Ap
Norwest
Nyse Sted
Durant Dressr
Baie BiVe Bae Toib
Nynex OcciPateee
Kodak
Jan Oan
Exxon
Ford
Amoco
GenElec
Hanson i
Ve Schimb
Baxter
Bae
Bavntches Sabes
Searks
Fm BellSas
Bats
IBM
Texaco
BSA
Chevron
Atin Chetty Circus Lucent
Motorola
Atte WalMart
Alan L. Adier
Knight-Ridder Newspapers
Kirnan
Federal Reserve
Chrysler Corp
Robert Eaton
Eaton
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