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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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Cleveland
Trustcorp Inc
Society Corp
Ohio
Michigan
Indiana
Trustcorp
Society
Trustcorp Bank
Society Bank & Trust
Ohio Banking Company
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