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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 08, 1990

Page

8

Pension funds seek role in GM successor selection

Two large pension funds California Public Employees Retirement System and New York State and Local Retirement System asked GM directors for input on the choosing of a new chairman as Roger B. Smith plans to retire this year. They urged access to the confidential selection process and the performance standards for the next management era. The outside directors were slated to meet with Smith to discuss succession.

NEW York Penssion General Motors Corp Roger B. Smith New York Times California California Pension Fund Richard Copus Smith

Cold snap blamed for rise in gas prices nationwide

The average price for a gallon of gasoline rose over 4.5 cents in three weeks due to cold weather slowing production. Industry analyst Trilby Lundberg said supply curtailment was weather related and noted new taxes added about a quarter cent to the increase.

Los Angeles Trilby Lundberg Lundberg

Ford Aims Front-Seat Air Bags Across All Cars by 1990s

Ford Motor Co plans standard front-seat air bags on all cars by the mid-1990s. Harold Poling cites tests showing best protection when the passenger is properly belted and the air bag deployed. GM and Chrysler have broader air bag adoption, while federal rules push passive restraints by 1993.

Ford Detroit Ford Motor Co Harold Poling Chrysler Corp General Motors Corp

Society completes merger with Trustcorp

The Toledo based Trust corp Inc merges into Society Corp creating a banking firm with 16 billion dollars in assets spanning Ohio Michigan and Indiana. Trustcorp common shares exchange 75 percent of Society common shares per Trustcorp share. Society rises to the third largest Ohio bank with enlarged Great Lakes footprint.

Cleveland Trustcorp Inc Society Corp Ohio Michigan Indiana Trustcorp Society Trustcorp Bank Society Bank & Trust Ohio Banking Company

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