The Battalion. (College Station, Tex.) 1893-current, August 27, 1986, Image 12
d Page 12/The Battalion/Wednesday, August 27, 1986 welcome back.,. A&M students and faculty! PRICE BOOK§ RECORDS MAGAZINES we buy and sell anything printed or recorded open 7 days a week 10am-9pm Mon.-Sat. noon-9pm Sun. Whether you enjoy reading or listening to music — Half Price Books has it all... you’ll be amazed at the wide array of hardbacks, paperbacks, magazines, records and cassettes for every taste and in every category. And, for those who have explored before, we have new arrivals every day. 5 times the selection of the average bookstore at half the publisher's price... or less. 3828 TEXAS AVENUE Bryan, Texas 846-2738 $1 off on any S2 to SIO purchase. $2 off on any SIO to 820 purchase. $3 off on any purchase 820 up. Coupon must be surrendered at time of purchase. May not be used with any other discount or coupon. Expires Oct 15. 1986. =The IVidal Emiticme <r Back to School RUSH SALE \For a limited time, The Bridal Boutique will have tea length and long dresses on sale starting at $39.95 to $99.95. Come in and select that special dress for your special occasion, but hurry this is only until Aug. 30. Don’t forget our supply of dyed to match shoes, hose and accessories. 2501 South Texas Ave. • College Station • (409)693-9358 Texas Body’s Fall Aerobics and Beach Party Sa turday A ugus 130 Garden Door Prizes Prizes From Gotf piece of Cake Hi “ B e /;s B °ciyo~ y o bwy A Grandy’s d v Free Aerobics & Tanning noon-5p.m. 2 for l Special Memberships Tanning Special lO for $35. OO Subway Sandwiches and Drinks THE TTGIJX/^l) 1800 D Texas Ave. South College Station, Tx. 764-0549 Pickens forms lobby group for stockholders’ interests WASHINGTON (AP) — T. Boone Pickens Jr., the Texas oilman and takeover artist, launched a new attack Tuesday against U.S. compa nies in general for what he sees as their effort to weaken stockholders’ rights. Pickens, acting in the name of the 47 million Americans who own stock, unveiled a lobbying organiza tion called the United Shareholders Association, whose principal aim is to curb the rush by many companies to adopt anti-takeover measures. Those measures, Pickens asserted, strip stockholders of the right to in fluence corporate affairs as should be inherent in their investment. “Stockholders have had their rights taken away in wholesale amounts recently,” and together “are the most under-represented group in Washington,” Pickens said at a news conference. United Shareholders’ goal, he said, is to represent holders and to establish to companies, Congress, the Securities and Exchange Com mission and others that “stockhold ers own companies and managers are employees.” He said the organization’s initial budget will be $ 1.3 million, which he would put up himself if need be, but he anticipated support from others. Pickens, 58, is general partner of Amarillo-based Mesa Limited Part nership, an energy concern that is the successor to Mesa Petroleum Co., which he founded. In the early 1980s, he became re nowned for his attempts to acquire such oil giants as Gulf Oil Corp. and Phillips Petroleum Co. Although his bids were unsuccessful, they none- “Stockholders have had their rights taken away in wholesale amounts re cently. ” — T. Boone Pickens, gen eral partner of Mesa Lim ited Partnership. * theless often produced sizable prof its for Pickens, his investors and, in many cases, the shareholders of the target companies. Pickens also has long been a self- proclaimed champion of sharehold ers’ rights, and he had hinted for several months that lie would form a shareholders’ lobbying group. That promptly led to suggestions that Pickens’ main interest in curb ing anti-takeover practices on behalf of stockholders was to promote his own takeover efforts. Pickens denied such speculation. “It is not an organization to further my efforts,” he said. “I’m not an gling toward more corporate merg ers. I see no conflict between the United Shareholders Association and what Boone Pickens does in his business life.” Pickens also said that currently, he did not expect the group to launch proxy fights against specific compa nies, nor to seek legislation that would outlaw certain corporate practices. But he said both steps would remain possible options for the future. It was the daring raids on compa nies by Pickens and other financiers that led hundreds of compa: adopt various takeover defem Companies defend the mi as necessary for them to full fiduciary responsibilities to stockholders’ interests. Thect nies usually point out thattlit will not prevent any takeoven are meant to protect holdersaj company in general from quate or coercive takeover atit by parties simply anxious to quick profit. Pickens, however, maintainr a stockholders’ opportunityti a bidder, especially for a pi over current market prices, not he blocked because manajr finds a way to deter the offer even reaching the stockholder I He also complained that dies ■ measures that deter takeovers! i entrench management,indui:; | ept management, makingitdfi 1 f or stockholders to obtain nev( | ership. “Executives and managersa longer accountable,” he said, There are two areas of pam interest to Pickens’group. Eirst, lie thinks shared: should be able to vote withal ballot. The second area of key inlet! Pickens is the issuing of duald of common stock with unegui ing l ights. In the past twoi some companies have issuedse classes of common stock with! rior voting rights to the on class. Te: iopi New NBC chairman appointed NEW YORK (AP) — Robert C. Wright, appointed Tuesday as NBC’s new chief executive officer, says he will run the network the same way he would run the New York Mets. He plans no quick changes in a winning lineup, but he is under orders to stretch the net work’s lead. John F. Welch Jr., chairman and chief executive officer of General Electric Co., made the long-antic ipated announcement that Wright, who has been with GE since 1969, would succeed Grant Tinker as chief executive officer at NBC effective Monday. GE acquired the top-rated net work as part of its $6.4 billion take over of the RCA Corp. earlier this year. “This network is on a roll,” said Welch, who was flanked by Tinker and Wright at the news conference on Phil Donahue’s set at NBC head quarters. “We have a lot of money at General Electric. It would be crazy for us now not to pound home that leverage to widen the gap between us and the other players.” Tinker, Wright and Welch por trayed the start of the CE era at NBC as a happy marriage, with Tinker being the only key executive to leave the network. Wright said he anticipated no changes in manage ment and would bring no one from CE with him. Responding to reports that GE in tends to cut costs at the network, Wright said, “I don’t come with any preconceived notions on production costs as being too high or too low or whatever.” Tinker said NBC began a study of its costs and operations before the GE acquisition. “We’re getting to an end place where some judgments will have to be made,” Tinker said. “I’m not an nouncing anything or even forecast ing anything. It may be that we’re doing everything as we should be doing.” Welch assumes Tinker’s old title as chairman of NBC, while Wright was named president andchielj utive officer of the network T:| tie of president had been vJ since Robert Mulhollandresieiil “The details of my piano li n mill.tu-d gi .ulualK and cart I and with every possible piece oil vice I can extract from Gramf the team that is in place at V: Wright said. “My strategy similar to one I would use if 1« taking over the New York Mets J baseball team that holds a whop; lead in the Eastern division oi| National League. W'right, 43, has been presj and chief executive officer ofGl| nancial Services, Inc., since Earlier he was vice presidents general manger of the Housed and Audio Electronic Division if general manager of the Plastics j Organization. In 1979 he became president! Cox Cable Communications b:l Atlanta when GE attempted :j cessfully to acquire thecompanv Busy writer has 2 scenic retreats TANNERSVILLE, Pa. (AP) —Ju dith Keith has two scenic retreats, one for creative writing and one for publishing books. Although it looks like the perfect place for the muses to alight, her cabin alongside a babbling brook in the Poconos is not where she wrote her first novel, the recently pub lished “Choices.” Keith, who 27 years ago created a one-woman lecture show, “I Haven’t a Thing to Wear,” finds that the quiet of her little house on Biscayne Bay in Florida is more conducive to literary activity. In her lovely rustic cabin in Tan- nersville, she conducts the busy busi ness of her Tandem Press and ar ranges her packed schedule of appearances on the lecture circuit across the country. In 1965, Keith discovered Camel- back in the Poconos, where she and her three children found the skiing much to their liking. At the time she was living in Philadelphia. . Camelback soon afterward discov ered Keith, and for the past 13 years she has been on the staff of the Caip- elback Ski School. A health and sports enthusiast, she also enjoys cycling, tennis, ca noeing, swimming and back country hiking with her two grown sons and her college-age daughter. In 1968, Keith published the orig inal text of her snow, “I Haven’t a Thing to Wear,” and in 1980, for its fifth edition, she totally rewrote the text and it was published in paper back. It has been adopted as a text in the Chicago high schools. The funny one-woman show, done with hats and scarves and last ing about an hour and a half, has been presented before many ( vention and school groups Keith is the publisher oftltj claimed ABC’s of Black HisW 1 ! multimedia educational pn.rj with music by Lionel Hamptonf music has won the ASCAP.q five times; the program is inii«| schools throughout the D| States. When Keith first decided i part of the time in the Poconoj rented a place for six yearso same Camelback road on whit cabin is located. “It’s so pretty here thaflfc] hard to concentrate on writ! Keith said during an intervifl Tannersville. She has already' ten 100 pages of another t| which she said would be to ferent from “Choices.” WELCOME BACK, AGGIES Quality Sales & Service Model SSD2CG 1.72 cu. ft. capacity; .15 cu. ft. freezer for short term storage of frozen food. Removable cabinet storage shelf. Door shelf for large bottles. Mini cube ice tray. Only 1SY*" ‘ wide, 19V4'' high. i Model SSD4CG 4.1 cu. ft. capacity; .48 cu. ft. freezer for short term storage of frozen food. 3 cabinet shelves (2 adjustable). 2 ice trays. Only .18%" wide, 33" high. Vinyl woodgrain countertop. Mon.-Fri. 8:30-5:30 Sat 9:00-4:00 BUDDY’S Brazos Appliances^ 1907 s. Texas Ave. Townshire Shopping Center 823-7187