Word: ip
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Dates: during 1980-1989
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When paperworkers in Jay, Maine stepped up their strike against International Paper (IP) last year, they didn't only picket the corporate headquarters of IP; they also picketed the headquarters of Coca-Cola and Bank of Boston, because both companies had a corporate board member who also sat on the board of IP. Making such corporate incest clear to the public demonstrates the structural problem of American capitalism: that a handful of isolated individuals are controlling the economic destiny of millions...
Deputy IOP Director David Runkel said he believed that a search committee would probably be formed by the end of the week to help in the search for Thornburgh's successor. Runnel, who has been acting IP director during Thornbugh's five-month absence said that the IOP's Student Advisory Committee (SAC) would have input into the search process...
...timing of the demands angered employees. The company's earnings more than doubled in 1986, rose 33% in 1987 to $407 million and increased at an annual rate of 77% in the first quarter of 1988. Nonetheless, IP contends that its return on investment lags behind much of the paper industry's. Warns Spokesman Richard White: "If we don't get all our costs in line, we'll end up like the shoe industry, another tombstone in Maine...
...IP's stand does not deter Rogers, the son of a machinist and assembly-line worker. Designing strategy in his Manhattan office, often dressed in a T shirt and jeans, he hardly looks imposing. But he can marshal large forces as effectively as many a general. Rogers has sent carloads of United Paperworkers -- "caravans" he calls them -- to gather support at the plants and union halls of other industries. The response has been encouraging: in April more than 8,500 sympathizers from unions around the U.S. converged for a rally at the Jay mill, roughly doubling the town's population...
Rogers has also staged demonstrations at the headquarters of PNC and Bank of Boston and at shareholder meetings of other firms that share directors with IP. The protests are only a small part, says Rogers, of the "transformation of the strike force into a powerful economic force." The real punch, he points out, will come from boycotts and threats to withdraw union funds from banks; only such actions will turn executives against IP. "I'd much rather see rich businessmen fight it out in the boardroom," Rogers says. "You can't embarrass them. You have to make them deal with...