By The
Associated Press
Edited by Jennifer Mlratsky
News Qgest
Thursday, April 13, 1993 Page 2
Nebraskan
FAX NUMBER 472-1761
The Daily NebraskanfUSPS 144-080) is published by the UNL Publications Board, Ne
braska Union 34, 1400 H St., Lincoln, NE 68588-0448, Monday through Friday during the
academic year; weekly during summer sessions.
Readers are encouraged to submit story ideas and comments to the Daily Nebraskan by
phoning 472-1763 between 9 a.m. and 5 p.m. Monday through Friday. The public also has
access to the Publications Board. For information, contact Tim Hedegaard, 436-9258
Subscription price is $50 for one year.
Postmaster: Send address changes to the Daily Nebraskan, Nebraska Union 34,1400 R
St.,Lincoln, NE 68588-0448. Second-class postage paid at Lincoln, NE.
ALL MATERIAL COPYRIGHT 1995 DAILY NEBRASKAN
Spring Sand Volleyball
Leagues Now Forming
Register now for competitive, semi-competitive, intermediate
and beginner sand volleyball leagues at the Bambu Beach on
State Fair Park. Registration will be closing soon.
Call 438-3077 for league days and times.
Bambu Beach
Sand Volleyball Club
Suzumejo Shorei-Kan
Traditional Okinawan Karatedo
T’ai Chi Ch'uan
Try a FREE class.
Mental Improvement
Concentration
Stress Reduction
Self Confidence
Self Discipline
Physical Improvement
Flexibility ,
Strength
Coordination
Aerobic Conditioning
Non-Competitive
Coed, Women's and Kids' Classes
Shorei-Kan is not for everyone - find out if it's right for you!
Special Summer Introductory Programs
2711 O Street Student Discount
On the southwest comer. 438-4341
Chrysler says no takeover
DETROIT — In a move that
stunned the business world, billion
aire Kirk Kerkorian and former
Chrysler chairman Lee Iacocca made
a $22.8 billion bid to buy the nation’s
No. 3 automaker. Hours later, the
company said it wasn’t for sale.
“We don’t want to put Chrysler at
risk,” Chairman Robert J. Eaton said
in a statement after the directors met
to consider an unsolicited proposal of
$55 a share from Iacocca and
Kerkorian, the company’s largest
shareholder.
“We’ve worked hard to build this
company’s financial strength, to in
crease shareholder value and to build
the confidence of customers. We have
no desire to reverse the process.”
The stock offer—40 percent above
Chrysler’s Tuesday closing stock
price — is the biggest and most dar
ing takeover gambit to come along
since the 1980s heyday of hostile
corporate raiding.
The company finished 1994 with
a record $3.7 billion profit and a cash
surplus of $7.5 billion. Chrysler’s
managers say they need to weather
the industry’s next downturn without
gutting their product development
programs.
Kerkorian contends that cushion
is too big and the company’s stock is
priced too low. He pushed Chrysler’s
board in December to increase the
stock dividend and buy back shares
to push up the price.
The proposal sent Chrysler shares
shooting up in heavy New York Stock
Exchange trading, though they ended
only $9.50 higher at $48.75, well
below the takeover price.
Source: Hoover's Handbook, Standard & Poor’s
AP/C. Sanderson
HISTORY:
O Founded 1925 by Walter Chrysler, former VP of General Motors
Corp.
O Approached bankruptcy after Josses of more than $1 billion in
1979 and 1980, Hired former Ford president lacocca to help save
the company,
O Company negotiated concessions from workers and $1,2 billion in
government-backed loans, turned a profit in 1982.
0 Manufactured 2.76 million cars and trucks in 1994, Sold 14.7 percent
of the cars and trucks in North America that yean
BUSINESSES:
0 Brands include the Chrysler Concorde, LeBaron, New Yorker
and Town & Country; Dodge intrepid, Caravan minivan. Ram trucks;
Eagle Vision and Talon; Jeep Cherokee and Wrangler; Plymouth Neon
and Voyager,
0 Also owns Thrifty, Dollar, Snappy and General car rentai companies.
Chrysler Financial Corp, provides vehicle and other financing services.
0 Chaired by Robert J. Eaton, former head of GM’s European
operations, who was hired in 1992 to replace the retiring lacocca.
0 Has about 5,000dealers and 121,000 workers,
0 Earned a profit of $3.71 billion in 1994, up 54 percent from 1993, on
$62,22 billion in revenues.
MANAGEMENT:
That reflected plenty of skepti
cism about whether such an auda
cious attempt could succeed and what
the prospective buyers plan for the
company.
About $50 million would come
from Iacocca, who retired as chair
man in 1992 after becoming a corpo
rate icon by bringing Chrysler back
from bankruptcy’s brink. Other in
vestors, still to be recruited, would
add $3 billion more.
An additional $5.5 billion would
come from Chrysler’s cash surplus
and the rest from bank loans and
bonds, said Alex Yemenidjian, an
executive at Kerkorian’s Tracinda
Corp. in Las Vegas.
“It kind of sends goose bumps up
your back,” Houston Chrysler dealer
Alan Helfman said. “Especially if
you get Lee Iacocca back, doing com
mercials. ... It’s kind of like George
Foreman coming back.”
WOMEN WANTED
The United States Marine Corps is looking for college
Junior and Senior Women who expect to graduate between
December 1995 and December 1996 to train for and
become Marine Officers upon graduation from college.
This Program is called the Platoon Leaders Class (PLC),
and it guarantees:
- Starting Salary in excess of $25,000!
- No interruption of your academic career. All training
takes place during one 10 week summer session at
Officer's Candidate School in Quantico, VA.
- No special classes, uniform requirements, or drills
during the school year.
- Approximately $2,700 pay for the 10 week summer
training period.
- Financial Assistance during the schnnl ypar
- Freedom to disenroll, WITHOUT OBLIGATION, after
completing the summer training session up until you
are commissioned.
- A challenging career in a wide range of specialties
that will put you well on your way to your professional
goals.
For more information about the PLC program call the
Marine Corps Officer Selection Office at:
1-800-524-2129
Marines
The Few.TheProod.Tbe Marines.
Lab charged with homicide
in women’s cancer deaths
MILWAUKEE—A laboratory was charged
with reckless homicide Wednesday for alleg
edly misreading Pap smears that could have
saved the lives of two women.
A technician and a doctor escaped immedi
ate charges under a deal with prosecutors.
District Attorney E. Michael McCann
brought the charges against Chem-Bio Corp.
of suburban Oak Creek in the case of Dolores
Geary and Karin Smith. The company could
face a maximum $20,000 fine if convicted on
the two counts of reckless homicide.
The women died of cervical cancer after the
laboratory missed what experts said were un
mistakable signs of cancer on their gyneco
logical exams. When detected early, cervical
cancer can easily be cured.
Over the weekend, the inquest jury had
recommended reckless homicide charges
against the laboratory as well as a technician
and the doctor who oversaw the lab.
McCann said the technician and the doctor
who supervised the lab each signed an agree
ment with his office. The agreement defers
prosecution for six years as long as they follow
certain guidelines. If they abide by the agree
ment, no charges will be filed.
Under the deal, Dr. Robert Lipo is barred
from acting as medical director of any labora
tory and from supervising technicians doing
General to pay mil
BOSTON — A Guatemalan general run
ning for president of his country was ordered
by a U.S. judge Wednesday to pay $47.5
million to eight Guatemalans and an American
nun who were victims of atrocities committed
by his soldiers in the 1980s.
U.S. District Judge Douglas Woodlock held
Gen. Hector Alejandro Gramajo responsible
for the torture and murder of thousands of
civilians in the Central American nation while
he was vice chief of staff and director of the
army general staff in the early 1980s and
defense minister from 1987 to 1990.
Gramajo was found liable by default, mean
ing the judge ruled against him because he did
not contest the lawsuit.
“Gramajo refused to act to prevent such
atrocities,” the judge ruled. “Indeed, the evi
tissue testing.
June Fricano, the technician who handled
both women’s tests, agreed to work on salary
or on an hourly basis instead of being paid by
the number of samples analyzed.
McCann said she examined20,000 to40,000
Pap smears a year, compared with the maxi
mum of 12,000 recommended under profes
sional standards.
Fricano also agreed not to work more than
42 hours and to abide by a number of other
professional standards.
Criminal charges for a medical error are
extraordinarily rare.
Martin E. Kohler, a lawyer for the labora
tory, saidthe company would fight any charges.
The lab is still in business but no longer does
Pap smears.
“We believe it was an act of negligence and
not criminal recklessness,” Kohler said.
Years after the Pap smears were allegedly
misread, the women were diagnosed as having
advanced cervical cancer. Smith, 29, a
Nashotah accountant, died March 8. Geary,
40, a mother of three from suburban Oak
Creek, died in 1993.
Both victims received multimillion-dollar
settlements from the lab and the women’s
HMO, Family Health Plan.
lions for atrocities
dence suggests that Gramajo devised and di
rected the implementation of an indiscrimi
nate campaign of terror against civilians such
as plaintiffs and their relatives.”
Human-rights lawyers acknowledged it will
be extremely difficult for the victims to collect
from the general.
Gramajo, who is seeking the nomination of
his rightist party in Guatemala’s presidential
election sometime later this year, denied any
role in the alleged crimes.
Gramajo supported civilian government by
helping quash two coups in 1988-89, yet he
directed military operations in the western
highlands during one of the most violent peri
ods in this country’s 31-year-old civil war.
