Word: schnepp
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...town of Limoges, a famed center for French porcelain, Gilles Schnepp has a perspective different from the government's anti--Anglo-Saxon mind-set. He is chief executive of Legrand, a $3 billion electrical equipment company that was acquired late in 2002 by KKR and French group Wendel in France's biggest buyout. Legrand had been in the process of merging with a French competitor, Schneider Electric, and suddenly found itself in limbo after the European Union vetoed the deal on antitrust grounds...
...Schnepp says Legrand quickly put in place a reorganization program, even before the private investors bought into the company. Still, once the new owners arrived, "they stimulated our performance," Schnepp says. Overall, "the Legrand model is turning more quickly and more efficiently." KKR and Wendel helped the firm bring in consultants, who recommended sweeping changes to more than 3,000 processes. Result: Legrand has reduced its purchasing costs by about $95 million. "They helped us formulate our needs," Schnepp says. "They gave us confidence to go further" than the firm might otherwise have done. KKR has also encouraged Legrand...
FOILED MAY 13, 1999 Port Huron, Mich. Their plan, police said, was to outdo Columbine perpetrators Eric Harris and Dylan Klebold by arming themselves, forcing the principal of Holland Woods Middle School to call an assembly and then killing teachers, classmates and themselves. Jedaiah (David) Zinzo and Justin Schnepp, both 14, made a list of 154 targets, stole a building plan from the school custodian's office and plotted to use one gun to steal more. Classmates caught wind of the plot and reported it to the assistant principal. Zinzo and Schnepp were sentenced to four years' probation...
...About 30% of marriages involving U.S. Catholics are now mixed, reported Brother Gerald J. Schnepp of St. Mary's University of San Antonio. There is every indication that the percentage will rise. "If we cannot stop the trend, we should at least take steps to decrease the disorganizing effects...
...County, Ill. where a tall, gaunt Republican lawyer once practiced his profession, another tall Republican lawyer today collects Lincolniana. His name is Benjamin Savage DeBoice. For five years Lawyer DeBoice has served as probate judge in Sangamon County. He helped to send Springfield's ex-Mayor John S. Schnepp to jail for embezzling money from an estate, won a high reputation for strict, conservative decisions governing administrators of estates. To a Springfield trust company which asked his permission to invest the funds of seven estates in U. S. Government bonds-most famed of all conservative investments-he last week...