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Publication: European Stars and Stripes Sunday, April 23, 1989

You are currently viewing page 8 of: European Stars and Stripes Sunday, April 23, 1989

   European Stars And Stripes (Newspaper) - April 23, 1989, Darmstadt, Hesse                                Page 8 the staffs and stripes sunday april 23.1989 Pickens runs into japanese distrust Tokyo a corporate takeover artist t bronc Pickens has raided Japan leaving business Lead cars suspicious and wondering whether americans like him want to Bay their companies just As the japanese have Dyni in he United Stales. However the difficulties the Texas oilman has encountered with the subtleties and intricacies of Japa Nese business suggest Pickens is far from being a thre Atlo Japan s tending companies. Pickens has purchased shares Worth about is billion in kilo manufacturing co a major Auto parts maker surpassing Toyota to become the largest shareholder although Pickens owns 20.2 percent of Koito its management politely turned Down his request last week for a scat on he Board of directors. It is necessary to build a trusting relationship first in Japan it is not possible to just say i m a major shareholder and get a seat on the Board right away kilo director Tamotsu Aoyama said. Pickens in his first visit to Tokyo challenged what analysts consider two Central tenets of japanese Busi Ness culture that a company belongs to its employees not its shareholders and thai inc japanese Market is. For japanese hot foreigners to enjoy.  Pickens argued  speech that protecting share holders rights by using corporate buyouts to oust in competent management helped resuscitate the . Economy Over the last nine years. Embodiment of Art a plastic foam Stalik by artist hns juts i diez guts a cows Insp lion Friday Al an exhibition Hall in Frankfurt Wesl Germany the display is part of a soon symph Titko Art in which Gil Lerichi Are show to works of their preferred artists fora Witk. What happened in the . In the 1980s will find its Way to the japanese business Community in thei. I. 19905, he said. I Cut Many japanese i businessmen Hope that i will not happen. These i businessmen believe the i american emphasis on i return to shareholders has i caused . Companies to i lose competitiveness o i japanese companies. 1 japanese companies 1 Don t generally have to i answer to shareholders i with Short term profits i they can focus on longer Pickett term growth said Keith Donaldson an analyst at James Capel Pacific lid. Just look Al these two economies to see which approach has been More  but even if Japan does t like Pickens advice it can t afford to ignore him because he tied his share holders crusade to Trade issues. ,. Pickens told reporters that people in Washington Are watching carefully whether he is Able to invest in Japan. He said he was concerned that american investors Don t have the same Access in Japan As Japa Walesa expects Solidarity Union will get smaller Rome a Solidarity Leader Lech Walesa said saturday that the did blocs first Independent Union probably will become smaller As other Independent groups form in Poland. From Solidarity other economic and political organizations will be bom Walesa said at i news con Ference ending his three Day visit to Italy. Solidarity for the moment is huge but it will be come smaller with the growth of other organizations. This is the logical course  the polish Union was crushed by Security forces in 1981 and outlawed in 1982. Poland s communist government re log Alicd the Union on monday after reach ing agreement with the Solidarity led opposition on political and social reforms the government is seeking support from Solidarity and Western Aid to restore its shattered Economy. Walum on saturday praised a is billion economic Aid program for Poland announced by president Bush to coincide with the official recognition of. Solidarity Walesa said the . Program was a great step for Ward Token by or hush Walesa Winner of the 1983 Nobel peace prize indicated he planned to visit Ether countries As an Ambas Sojor of Solidarity but gave no details. Walesa Carrie to Italy seeking economic investment in Poland and the Blessing of Pope John Paul ii a fellow pole for inc country new political course. The Solidarity Leader said that he hoped the Pope would make another trip to Poland but that John Paul had Many obligations and because we love him we will spare him Walesa said. Poce seeking sex nazi who fled after conviction As War criminal Wuppertal West Germany a police have launched a nationwide manhunt for a nazi War criminal Cormell a of Mur Danng Auschwitz prisoners during Sadis tic Tarci Praia excises. Officials said Friday in a statement to the news Media the Wuppertal prosecutor s office said former nazi 5s sgt. Gottfried Weise 6vis believed to have led his Home to avoid.  Wuppertal is 15 Miles cast of do Waldorf. Weise was convicted on Jani 28,1988.-of killing at least five prisoners in 19-h Al the nazis notorious Auschwitz concentration Camp m what is now Poland. He worked atthe Camp As a guard during world War ii. During his 13-month trial Weiss became known As inc William Tell of Auschwitz after witnesses Testi fied he killed an 8-year-old boy and a 17-year-old girl by forcing them 10 balance tin cans on their Heads which he then used for target practice. In addition to their deaths. Wisc was found guilty of shooting to death two mate prisoners who tried to escape by hiding in a Supply truck and another Man who did not report quickly enough for Roll Call wisc was sentenced to life imprisonment but was allowed to remain free pending an Appeal. Horst Rosenti aum the  chief prosecutor told reporters that police went to Wise s Home in nearby Solingen on thursday after word was received that a Federal court had turned Down inc conviction Appeal. We assume that he is on the run and a nationwide search for Weise has been started. All Border crossing Polim have been notified Rosenbaum said he added thai the search would top ind to outside West Germany if evidence is received indicating Weise May be in a foreign country. Nese have in the ." while japanese companies have invested billions of Dollar in the United slates some of it actively wooed by american states eager for jobs . Companies find in difficult to invest in Japan analysts said. However companies such As Federal express have broken into fast growing japanese markets by Purchas ing Slakes in japanese companies in he same line of business working haul to establish themselves by put Ting Down local roots. But Many japanese perceive picker As making an attempt at Given mail taking a company hostage with inc intention of Selling it at a prom rather than managing it for the Long run. This is a bad example of an american acquisition a corporate activist with no expertise in the Busi Ness buying up shares in a company said Yoshihisa Murakawa a consultant with Booz Allen Hamilton Japan inc. Mergers and acquisitions have shown signs of pick ing up. The number of securities inns Hare been reduced through such tactics from 600 a decade ago to 2so today Murakawa said. Hut he said the japanese Lack a habit of buying and Selling  it s even harder for a japanese company thin an american to acquire another. Selling companies is seen As something like Selling a family he said. World Toda e. German Dies another Hurt in Border incident Vienna Austria apr one East German was killed and another injured Friday when they crashed in rough the Barrier Al a czechoslovak Border station austrian police reported. A police spokesman said the car s roof was severely damaged in the incident near Bratislava. The passenger was killed but the Driver Man aged to drive to austrian err too although he was seriously injured police said. The Driver was taken to a Hospital in. The aus Trian Border town of Hamburg police said. A passer by was also injured they said. Both men in the car were Easl German Cili ens. But police said they had no further details. . Team finds Mummy wrapped in Flowers Gold Cairo Egypt Dpi . Archaeologist found a 2,000-year-old Mummy of a woman wrapped with Flowers in a Golden coffin and a Mummy of a child believed to be her son lying Side by Side in an ancient Tomb Southwest of Cairo a newspaper reported saturday the newspaper Al ashram said the Tomb was pan of a Large number of ancient Bunal Sites found in Al Qaiyum about 75 Miles from Cairo by a team of american archaeologists who were not identified. " Al ashram quoted Aii Al knot director Gener Al of Egypt s antiquities organization As saying the Mummy dating Back to the Carty Fisl Cen Tury  was found in Good condition lying in her coffin covered with Fine Gold sheets and inscriptions i St shareholding company established in Yugoslavia Belgrade Yugoslavia a the first shareholding  be established in communist Yugoslavia was set up Friday and sold All 667 shares in one Day news reports said. The image sporting Roods firm was established in the Village of Saikami some 50 Miles North of the yugoslav capital the Tan Jug news Agency said. Image had previously been a Small private business known for stylish sportswear but its owners said they needed More capital to increase output Belgrade television reported. They eventually Hope to hire about 300 work ers instead Otic several dozen currently employed the to report said adding that allem Plo yees will have the option of buying company shares  
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