Word: bere
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...turn out to be a useful testing of the limits: of greed, of debt, of dealmaking. The resulting outcry may prove an effective regulating device. "In its own way, the deal has been typically American, where nothing is in moderation, including the enormous selfishness of management," notes James Bere, chairman of Borg-Warner. "It's touched a nerve. Sometimes we have to do things in extremes before we can put the total in perspective." Without that perspective, the wages of greed may be a less productive and ever more debt-ridden economy...
...that would raise the maximum penalty for insider trading for individuals to $1 million from the current $100,000, and would provide a bounty for informants. This fall 60 universities will teach ethics courses developed in a $5 million program sponsored by the Arthur Andersen accounting firm. Says James Bere, chairman of Borg-Warner: "I'm impressed by the number of people of my generation who are calling for values again. Still, there's a definite problem. Many of the young people who come in to work for us don't know right from wrong." Perhaps the best...
While the FDIC thinks a fresh group of directors will be helpful to Continental, the sudden turnover could leave the bank with a leadership gap. Said ousted Director Bere: "A mass exodus of board members only complicates the problems the bank is facing." The FDIC originally wanted the directors to leave immediately, but Continental Chairman John Swearingen persuaded the agency to allow them to serve until April, when replacements can be elected at the company's annual meeting. Given Continental's troubles, the new slate of directors may have full-time jobs on their hands...
...ousted directors: James Bere, chairman, Borg-Warner; the Rev. Raymond Baumhart, president, Loyola University of Chicago; William Johnson, chairman, 1C Industries; Jewel Lafontant, senior partner in the law firm of Vedder, Price, Kaufman & Kammholz; Robert Malott, chairman, FMC Corp.; Marvin Mitchell, former chairman, CBI Industries; Paul Rizzo, vice chairman, IBM; Thomas Roberts Jr., chairman, DeKalb AgResearch; Elaine Yarrington, former executive vice president, Standard Oil of Indiana. The resigning directors: Weston Christopherson, former chairman, Jewel Cos.; Vernon Loucks Jr., president, Baxter Travenol Laboratories...
...think women's studies can become the next big administrative and academic issue affecting the quality of women's education bere. Harvard lags far behind schools life Yale and Princeton in developing a comprehensive women's studies program. High enrollment in courses like Hist. Stud. A-22 ("Women in American History") and Gov. 1330 ("The Politics of Women's Liberation") is evidence that students here are interested in women's studies courses. In addition, for the last several years students have applied for a special concentration in women's studies-and all who applied have been turned down. Harvard/Radcliffe...