Word: lumbered
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Dates: during 1990-1999
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BORN: Feb. 21, 1950, Muncie EDUCATION: U. of Notre Dame, B.A., 1972 FAMILY: Divorced; two children RELIGION: Protestant MILITARY: None OCCUPATION: Gas-company public-affairs director; lumber-company sales executive POLITICAL CAREER: Indiana House, 1987-91 ADDRESS: P.O. Box 1997, Muncie...
...tray, then stay alert for the sound of his choking while they take a two-minute shower. They consider a week at their in-laws' a vacation and joke that they live at the Target store. They drive a big car not because they haul a lot of lumber but because it gives them a fleeting sense of control. Everything changes when they become parents--when life gets both richer and harder, and everything becomes a trade-off, and the self is no longer the center, and the future is no longer possible to ignore...
...Charles Hurwitz, a Houston-based junk-bond wizard who plays the corporate-villain role well. Charlie's sin? He owns the trees, and he'll cut them if he wants to--and does he want to. In 1986 his company, MAXXAM (1995 sales: $2.57 billion), bought Pacific Lumber, the redwoods' owner. Hurwitz visited PL's Scotia, California, mill, and told workers he believed in the golden rule: "He who has the gold, rules." Then he drained $55 million from PL's $93 million pension fund, and cranked up the timber cut to pay off his debt. A redwood...
...Feinstein's office. Greens have tied up PL's logging in federal court, so Hurwitz would not sit with them. A marathon bargaining session produced a highly complicated agreement that promised to turn over $380 million in cash and land (value and location subject to haggling) to Pacific Lumber. If Hurwitz is satisfied, he passes title to Headwaters, the 425-acre Elk Head grove and a logged-over moonscape between, totaling 7,500 acres. If not, PL's fallers start their chainsaws...
...hands of private timber interests. This is the largest concentration of industry ownership in the country. Just 15 corporate landlords own 9.6 million acres, primarily in the North Woods, the great dark forest blanketing Maine's upper reaches. The same industry produced $5.5 billion worth of paper and lumber products last year, as well as 26,000 jobs for this hard-pressed economy. Such numbers have persuaded generations of legislators that what is good for timber is good for the Pine Tree State...