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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Dec. 7, 1983)
i V TTuTu” wtiuSuTuuu TulTiTT iin/T////, /////// Page 8/The Battalion/Wednesday, December 1,1983 Company founder says stockholders important \ United Press International CANYON — Companies should take care of their stock holders, T. Boone Pickens Jr., founder of Mesa Petroleum Co. of Amarillo, told West Texas State University business stu dents Tuesday. > ! Pickens has led an investment group’s purchase of 21.3 million shares of Gulf Oil Corp. — 12.9 percent of the company’s out standing common stock. He participated in Gulfs spe cial shareholders meeting in Pittsburgh Friday to determine a t m CAMPUS Walk, Cycle, or Shuttle. It’s only 8 Blocks. Eff, 1 & 2 bedrooms starting at 240.00. Ceiling fans in large 1 bedroom. 3902 COLLEGE MAIN country place apartments 846*0515 if Gulf should reorganize in the state of Delaware. Pickens has said such incor poration would make it more difficult for shareholders to elect members to the board of directors. Gulf officials have said the meeting’s results will not be known for several weeks. “Maximizing value to share holders is the most important subject facing American busi ness today,” he said. “To many managements stockholders are really nothing more than a com mon nuisance. “Stockholders are becoming aware that they’re not getting their fair share,” Pickens said, adding they demand more attention as they become more dissatisfied. Pickens said Gulfs manage ment was not interested in its lar ger stockholders, including the investment group. The group has pushed for Gulf to establish a royalty trust, which Pickens said would grant each shareholder a direct in terest in the oil and gas prop erties of the oil company. Lawyer reveals ‘biff stick’ Pilots present evidence 1 United Press International HOUSTON — A lawyer for the Air Line Pilots Association Tuesday read in open court what he said was a private memorandum in which a Continental Airlines official talked of using a “big stick” to cut labor costs. Attorney Mike Abrams read what he said was a June 1983 memorandum com posed by Continental opera tions vice president Dick Adams in which he listed his “thought process” about Con tinental’s financial future. The memo was a personal list and contained several fragmentary references. But, as read by Abrams, it mentioned seeking pay and workload concessions from Continental’s unions but said the airline might have to use the “big stick” threat of shut down or Chapter 11 bank ruptcy filing to persuade them. The memo was introduced into evidence in support of the union’s motion asking Bank ruptcy Judge R.F. Wheless to dismiss Continental’s Chapter 11 reorganization as unjusti fied. Union lawyers also intro duced evidence suggesting Continental in the spring of 1983 was projecting profits while seeking pay concessions from the unions. The unions contend Con tinental filed for bankruptcy in bad faith even though it had considerable cash on hand in an effort to cut the cost of its labor contracts unilaterally. Continental has said it had $471 million in losses between 1979 and September 1983 and was about to run out of money. It denies any improp er intention and argues bankruptcy filing is legal ground. 3 Wheless has schedule; hearing in January tocoiuij the union’s separate buii lated contention that Css tinental is abusingbanbuj; law to “bust” uni— Continental filed forth; ter 11 reorganizationSeptl suspended U.S. service! two days, then onSept.Ui led back 4,200 of its pres; 12,000 employees and sunied service to 25of?j[j cities previously served, 4 UTEP losing border race He said the suggested trust would use cash flow more effi ciently, making the oil industry more attractive to investors. RESALE’ Pickens told students man agement and employees should be allowed to invest in company stock. “If you give management an opportunity to make money, they start trying to make the price of the stock go up,” he said, adding the chance of stock own ership also gave employees more business incentives. “Unfortunately most com panies don’t operate in this man ner,” Pickens said. United Press International EL PASO — The University of Texas at El Paso may be losing its race for dominance of border studies to big-money programs in California, even though the school is only 1,000 yards away from the Rio Grande, one pro fessor said Tuesday. If UTEP had taken the leadership in the development of border studies in 1970, the university could be enjoying the same success and support as similar programs in the Univer sity of California systems, said Dr. Ellwyn R. Stoddard, sociolo gy professor and dean of the border scholars. Stoddard said border re search has been extensive, but institutional support for border studies has been lacking. “Every new president of this university since 1965 has stres sed how we are a border institu tion, but up until recently that was little more than lip service,” Stoddard said. “This last year has been a delight because of Oscar Martinez. Martinez is director of the Center for Inter-American and Border Studies, a program granted $102,000 last year, Stoddard said. The center spon sors conferences, guest speakers and research papers and coor dinates the Bachelor of Arts de gree programs in Latin Amer ican and border studies. The Center also works with Stoddard and 24 other border scholars at UT El Paso. Martinez said no other uni versity in the nation is situated more ideally for border studies than UTEP. “The problems that we asso ciate with the border — the mig ration issue, the scarcity of re sources, pollution, ethnic rela tions, relations with one border city and another — we have them right here,” Martinez said. UTEP set up an Inter- Too Loose? Too Tight? Somehow Just Not Right? yet Sell your unwanted 14K jewelry, clothing, & accessories for men, women, & children on consignment at Lucas questioned in another stabbing death Si© lii©©© call 779-7334 Tues thru Fri 10-5 Saturday 10-2 822 Villa Maria (across from McDonald’s) Bryan United Press International AUSTIN — While officers from 45 Texas law enforcement agencies prepared for a daylong conference Wednesday on Hen ry Lee Lucas, yet another group of Texas county officials ques tioned the confessed mass slayer about the 1982 stabbing death of a ranch worker. Texas Ranger Sgt. Bob Prince, who heads a state police task force set up to coordinate Lucas investigations, will over see the Wednesday conference at Department of Public Safety headquarters to help Texas au thorities piece together infor mation about killer. the convicted DUPLEXES • 2 Bdrm, 1 Ba • Fenced yard W/D Connection $325-$375/Mo. Pre-Lease Now - Move In Now No Rent till Jan. 15, 1984 DPS spokesman Larry Todd said Tuesday he was unsure whether Lucas would be brought to the conference from the Williamson County jail in Georgetown, where he awaits trial Jan. 16 in the 1979 strangu lation of an unidentified female hitchhiker. Meanwhile, Kleberg County authorities questioned Lucas in Kingsville on Monday about the stabbing death of Armando Alvarez, a bus driver on a divi sion of the massive King Ranch in South Texas. Alvarez reportedly picked up PR one or two hitchhikers on July 9, 1982, and was found stabbed in the neck two days later. Lucas, a former mental pa tient who was convicted of kill ing his mother in 1960, has been sentenced to life in prison for the murder of his 15-year-old common-law wife and to 75 years in prison for the stabbing death of an 80-year-old North Texas woman. He has confessed to killing more than 150 women in 17 states since 1975 and faces a total of eight more murder charges, seven in Texas and one in Louisiana. ourtea For the Cut That Falls Into Place Naturally Full Salon Service for Men and Women Open Mon.-Sat. 9 a.m.-6 p.m. Also Late by Appt. VKA Add passion to your punch with Everclear 190 proof grain alcohol. v. EVERGLEAR T-SHIRT OFFER 1C3% cotton It s purple with red and white EVERCLEAR logo Brit $!'95 Serving Luncheon Buffet Sandwich and Soup Bar Mezzanine Floor Sunday through Friday 11 a.m. to 1:30 p.m. 4^ 3end money order or use your MasterCard Visa Acc * E ; Expir** I Delicious Food #- Beautiful View Cny/Slate_ Signature.. Mall To Purple Passionate Suite 2102. 106 West 14th Street Kansas City. MO 64105 Open to the Public ' n*r good ir US only Otter void wt*re protubMd by lav land a t product pur;hate nacraory d Product* Company St Loud MO6ll* H * Everclear, me Ultimate Mixer, use in r for consumption unless mixed with hod-a' “Quality First r ' i HUMANA HOSPITAL Bryan/College Station Has the following positions available: Full Time R.N. - Relief Supervisor 11:00pm - 7:00am Shift Pool Nurses for Medical Surgical Unit ICU/CCU Licensed Physical Therapist CONTACT PERSONNEL 775-4200 Equal Opportunity Employer American Studies Center in 1961, but did not add border studies to the title until 1979, Martinez said. For the 40-year-old Martinez, a scholarly interest in the border began in graduate school in 1969. His personal interest. however, began as a vouij when he would m Grande and dodge the Patrol in El Paso. ; Martinez has beendirea ? | the border studies cmk UTEP for the past twoiet I What’s up WEDNESDAY MSC CHRISTMAS PROGRAMS COMMITTEES is invited to the Christmas tree lighting ceremony at 7:5 the Memorial Student Centei main lounge. PresidentVid will speak and the Singing Cadets will perform. LEGETT HALL: Have your picture made withSamdClan his elves in the MSC lounge until Friday. limesareh: noon and I p.m. to 5 p.m. Pictures cost >3 and are prime! matted while you wait. Proceeds go to the United War ALPHA TAU OMEGA FRATERNITYtComeis Women’s Mud Wrestling contest at the Hail of Fame tot Entrants are from participating sororities. ACCOUNTING SOCIETY:The wine and cheese part 7:30 p.m. in 203 Ramada Inn. METHODIST STUDENT MOVEMENT:Meetatihel A&M Wesley Foundation at 5 p.m. for the supper Testament Bible study. Bring a sack suppei orslfom wich. UNITED CAMPUS MINISTRY:Meet at Zachry Engirs Center at 6 p.m. to take the Aggieland yearbook picture.I we will go to the Texas A&M Presbyterian Church fori and Christmas festivities. APPROPRIATE TECHNOLOGY CROUP.We officers at the meeting in 223B Zachry at 8 p.m. DEPARTMENT OF ENGLISH:Robert BelUil'jl “Affinity-seeking: Communication and the Strategic If tion of Liking” at 4 p.m. in 203 Blocker. MSC VARIETY SHOW: Applications are available in 2I8 1 and are due Feb. 3. Auditions will lx- Feb. 21-23. CAMERA COMMITTEE:Pick up your Fall Photo Cot p" prims in 216 MSC at the secretary’s desk. |g OFF-CAMPUS CENTER:There are roommate sessiorij p.m. through Friday for off-campus students looking[ofi xng and roommates. Come by the Off-Campus Ccis Puryear Hall or call 845-1741. MSC CHRISTMAS PROGRAMSiThere will be a c*l lunch break concerts this week in the MSC main lounge;' — Dukes of Aggieland, Thursday — Symphonic^ Friday — Revellers. STUDENT Y FISH CAMP:Applications for chaiftpi chairman and recreation coordinator are available tmtilT^ day on second floor Pavilion from Janie Metzer. AppM are due by 5 p.m. on Thursday. STUDENT Y ASSOCIATION:Christmas giftwrap* available in 211 Pavilion through Friday from 9 a.auoffOT Please bring your own boxes for the gifts you UNIVERSITY LUTHERAN STUDENT CENTERS 10 p.m. at the center. 315 N. College Main, for ihei carol service. something for everyone in the Battalion Classifii 845-2611 fj O 0 irni rf-tfi cjtyntzuol 8:00 pm, December 8 AGGIE CHRISTMAS HASS St. Mary's Church J\fciyC.£. <St%£,£.t eSjiomo’iexl (jLj dutfzaLic. czhtiulznt c/fiioc'd"