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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 17, 2002)
4A Mi M* Mi' * / * ■/ 5/ $ 4f 41 Tuesday, September 17. 2002 47 iAi COME TMVEl WITH JOIN September 17, 4:00pm RUDDER 404 Information on recently adopted University Rules governing student travel as well as working with the Critical Incident Response Team will be provided by John Schwartz, Student *0^*0 Activities. 1*1 if % $ P; ' Ml A\( w $ t)* 4*7 Jl (Aj * SEC investigates former CEO’s rich retirement package Schlumberger Open House Zachry Engineering Center Monday, September 23 10:00 a.m. - 4:00 p.m. Tuesday, September 24 10:00 a.m. - 4:00 p.m. Demonstrations of Schlumberger Businesses & Technologies Oilfield Services Modular Dynamic Reservoir Testing Tool Measurement While Drilling - Robotics Nuclear Magnetic Resonance Reservoir Fracturing with Complex Fluids Reservoir Modelling Software SchlumbergerSema Schlumberger's New IT Businesses Systems Integration at the Olympics Energy & Resource Management Systems Smart Card Finance & Telecommunications Systems For additional information about Schlumberger, please visit our website: www.slb.com "Careers in Schlumberger” Dalton Boutte Schlumberger Limited. VP Operations Monday, September 23 4:00 p.m. - 5:00 p.m. 106 Richardson Building 1 Why is it so hard for a 30-year-old to think about retirement? When you’re young, retirement planning is pretty far down on your list of concerns. Say, somewhere between the melting polar ice caps and dishpan hands. And that’s completely understandable. O But by planning early and sticking to that plan, you can increase the money you’ll have to enjoy retirement, and potentially decrease the years you’ll spend working. We offer a range of different options, including tax-deferred retirement plans, SRAs, and IRAs, all with low expenses. Now that’s something to fall in love with. Log on for ideas, advice, and results. TIAA-CREF.org or call (800) 842-2776 j 1 1 ' ■4M4 Managing money for people J with other things to think about.'" RETIREMENT I INSURANCE I MUTUAL FUNDS I COLLEGE SAVINGS I TRUSTS I INVESTMENT MANAGEMENT TIAA-CREF Individual and Institutional Services, Inc., and Teachers Personal Investors Services, Inc., distribute securities products. ©2002 Teachers Insurance and Annuity Association- College Retirement Equities Fund (TIAA-CREF), New York, NY. 02-0005J NEW YORK (AP) — The Securities and Exchange Commission has begun an intor- mal investigation into the com pensation agreement that General Electric Co. has with former chairman and chief exec utive Jack Welch, the company said Monday. GE said it was cooperating with the request, which it received Friday. That was a day after GE’s board, at Welch's request, cut his post-retirement benefits to include only an office and administrative support in response to widespread criticism of the extent of the perks, which included use of a Manhattan apartment, household staff and use of corporate planes. In a column in The Wall Street Journal on Monday. Welch dis closed he had offered to give up many of those benefits, which received wide attention after their disclosure in court papers related to his divorce. “In these times when public confidence and trust have been shaken. I’ve learned the hard way that perception matters more than ever. In this environment. I don't want a great company w ith the highest integrity dragged into a public fight because of my divorce proceedings. I care too much for GE and its people.” For his service at GE. Welch, who retired last year, became one of the most admired businessmen in the country. He received a $7.1 million advance for his best-sell ing autobiography, “Jack: Straight From the Gut." Welch said he is giving up some of his perks because of the unfavorable perception they may have created for the company. In a column appearing under his name in Monday’s edition of The Wall Street Journal. Welch said he had asked the GE board modify his contract “by elimi nating everything except the tra ditional office and administra tive support given for decades to all retired GE chairmen and vice chainnen.” He said under his new con tract. he will pay the costs which he estimated at $2 million to $2.5 million a year for the use of planes and the GE company apartment in Manhattan and other facilities and services pro vided by GE. Welch's announcement comes amid a series of disclo sures involving alleged misbe havior by top-level executives at companies such as lyco International, Adelphia Communications and ImC lone Systems. Two weeks ago, terms of Welch’s compensation pack age received wide media atten tion after lawyers for his wife, Jane, filed papers in which it raised questions about w hat he was getting. That filing put a man who many Wall Street and academ ics see as one of the most influ ential business leaders of the 20th century in some uncom fortable company. In Monday’s column. Welch said he reached an agreement in 1996 under which lie opted to take a package of benefits extending into his retirement instead of taking a "special one time payment of tens of mil lions of dollar”’ to remain as CEO until fuming 65 in December 2000. He wrtHc the divorce papers filed by his wife. Jane, “grossly misrepresented many aspects of my employment contract with General Electric.’* “In today’s reality, my 1996 employment contract could be misportrayed as an excessive retirement package, rather than what it is — part of a fair employment and post-employ ment contract made six years ago. For GE and its btwnl to be dragged into these stories because of a divorce dispute is just plain wrong." During his two decades as GE’s leader, the company expanded from a $13 billion maker of appliances and light bulbs into a $4X0 billion industri al conglomerate. It has 313.000 employees in more than 100 countries. Welch said he will continue to consult and teach for the company. GE said tlx* terms of Welch’s compensation were contained in 1997 filing w ith the SEC and that the company “believes it has complied with all disclosure requirements regarding Mr. Welch’s benefits." I he Welches disclosed their plans to divorce in March, short ly after Harvard Business Review editor Suzy Wetlaufer revealed she had become romantically involved with Welch while work ing on a story about him. Pageant 1 represen s diversitr ^ / ATLANTIC CITY , (AP) — When ihe TKu America coniesiams t Aggie n down the runway ncvi 111 end, they will reprK w,1!tloc broad cross-sectiot trillion 1 America in a compeiiD« Piano man Joel joins NYC dating scene NEW YORK (AP) - Billy Joel says he's looking for someone to spend his life with, and plans to rent an apartment in Manhattan to meet women. "I'm not going to meet any one out here," said Joel, who lives in East Hampton, a posh community in nearby Long Island. "The happiest times in my life were when my relation ships were going well — when I was in love with someone, and someone was loving me. But in my whole life, I haven't met the person I can sustain a relation ship with yet. So I'm discon tented about that. I'm angry with myself. I have regrets." people in the news Joel will go on tour this fall with Elton John, and Twyla Tharp will take to Broadway a play called "Movin' Out," featuring modern dance interpretations of Joel's songs. But he said his suc cess — including a place in the Rock and Roll Hall of Fame — is little consolation. "You can't go home with the Rock and Roll Hall of Fame," the 53-year-old told The New York Times Magazine. 'You don't sleep with the Rock and Roll Hall of Fame. You don't get hugged by the Rock and Roll Hall of Fame, and you don't have children with the Rock and Roll Hall of Fame. I want what everybody else wants: to love and to be loved, and to have a family. Being in love has always been the most important thing in my life." has never been a mo> t * ie ou ' inclusivcness. ’vSlhiih'c Miss Alaska ?.toos.m Will man is an Ir antes. Eskimo. Miss South Di li'A*'' 1 ' Vanessa Shortbull is*U * 0 ®' ei s 1 Sioux Miss iX’lavkait: ^ 1 Kim Parekh is of [Student descent Six contest*! debits \s I black, and the conpr moncs M ssill he hosted bs abiir said. M son tor the first nmce'r bui^nom Hus multicultural) relatively receni deve for an event that form 30 years excluded mi of any kind. “Certainly, it integrate, but ihcn America has never leader in anything.wk is it it Im sx.is hairsts les. fashisT; sai^. 'A thing else.” caid Ai Osborne, a former pc staffer and author of' America: The Drear:. On.” Since it started Si« ago as a post-Labor Die licity stunt on the Aa City boardsvalk. Ik America Pageant hassxn known for diversity In the 1950%. Rule’ contestant contract a "Contestants must bevt: health and of the wtaex Blacks were exeta other ways. too. In the first half of & tury. the pageant ik- firefighters to chaffer testants around to* black'- were barred 1 jobs when the firedfp- - began integratingifl'A ' "We broke tfcti bitnn 1958 and started doing't- ; we were pleased '*her first black MissAm«i«’ crowned, but in the P 1 ?' organization, it was aCi r - ual struggle for blacksku ticipate.” sa 'd * Hollingsworth, a president of the NAA Atlantic City chapter In 1970. Cheryl Bn*' 1 Iowa became the p^- first black contestant T years later. Vanessa made history as the ^ woman crowned America, but got death r and other hate mail- The first runner-up year was black, too. bud ended the year ^ Williams’crown. Miss New Jersey Charles took over Williams resigned * Penthouse magazine pubn* nude photographs of her- Former Pageant Leonard Horn, who for 20 years as a voluntee as general counsel be o took over in 1987, sat other pageant officials^ to ensure more w0I J ie ^ color were represented at' pageant. him |out p I or tl weekend dei ts ha 1 Acgie rii riiBny lav bringing |“Tht band’s.” I Whith year, and every itei I “If yoi yours, the said. “We I Eighty tomers p; their iten tomers, s cash have earn extr; I Tressi; US DA. d and put h I “I nee< ‘Typing i somethin) said, i Carr h skills for typed up chemistry clients sir and she ty which ma fpnnats. I long. I Carr, v minute, hi students a cy and sp< I “I gue.s because tl w ord proc up,” Carr raster that 0>* ! CAL ™ S ALL OFF campus STUDENTS < OU ;‘’ R'jirii what it means to ec ^ Cdood Neighbor” at the A GOOD MAGIHtOIl CARNIVAL, MSiC Flag Room aesday, September 24th ^joy p ,0: °Oam - 2:OOpm Collect <*» Win Cool Prizes Inform^’ ^ ow cu«*i,
