European Stars and Stripes (Newspaper) - December 22, 1992, Darmstadt, Hesse Money matters the stars and stripes b Page 17 two retired ism executives called in to ease troubles tuesday december 22, 1992 a i today a rates -1 following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use German Mark.1.53 British Pound.1.61 dutch Guilder.1.71 greek drachma .201.0848 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies italian lira. 1,407.50 turkish lira .8,324.50 Spanish peseta.111.41 portuguese escudo.140.70 austrian Schilling .11.02 saudi rial.3.7495 Bahrain dinar.0.37675 Kuwait dinar.0.2995 norwegian krone.6.7325 danish krone.6.048 British Pound.1.5635 German Mark. 1.5675 Swiss franc .1.4135 French franc.5.3585 dutch Guilder. 1.7627 belgian franc.32.27 Canadian Dollar.1.2674 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $334.00 an ounce Silver quote $3.75 an ounce Disney s film output to hit 30 next year Burbank Calif. A the Walt Disney studios will step up production next year and release at least 30 films one third again As Many As in 1992. A we have the executive and creative Talent to do More and we be seen the Public a appetite continue to grow a said Dick Cook president of Disney a Buena Vista pictures distribution. The studio released 22 films this year up from 18 in 1991. This years films included Aladdin and sister act. The studio produced about six films annually before the 1984 arrivals of Walt Disney co chairman Michael Eisner and studio chairman Jeffrey prices dropping los Angeles a prices at the nations gasoline pumps dropped More than 1 cent a gallon Over the past two weeks because of a continuing oversupply of fuel an Industry analyst said. The biweekly Lundberg Survey of 10,000 gasoline stations nationwide on Friday showed the average per gallon Rice at All pumps including taxes was 1.1723 a Down 1.18 cents since dec. 4. By Victoria Sizemore Long the Kansas City Star Kansas City to. What a your key to the Job Market in a world of Freer Trade High skilled professional services and a sensitivity to different cultures say the experts. Those jobs Are expected to Boom if the North american free Trade agreement goes into effect and other global Trade barriers continue coming Down. Communications computers investments financial services insurance and agriculture Are just a few of the areas that should Benefit in the next few decades the experts agreed. To compete students must become new York a ism has called Back two top executives from retirement to help manage the company As the computer maker faces one of its worst slumps. The two executives Paul Rizzo and Kaspar Cassani will help John f. Akers in my a chairman run the company As ism attempts to Stem an erosion of sales and declining profitability. Rizzo and Cassani formerly were vice chairmen of International business machines corp. Rizzo 64, once was considered a leading contender to become ism chairman new York a time Warner inc., moving swiftly in the Wake of chairman Steven j. Ross death plans to Cut its Board to a dozen members from the current 21 and reduce the proportion of company insiders on the panel. Gerald m. Levin who had shared the chief executives title with Ross became the sole chief executive of the worlds biggest Media and entertainment company after Ross died of cancer earlier sunday. Levin said the plans to change the boards makeup resulted from a lengthy review process that ended saturday. But the announcement Early sunday evening raised questions about the eventual shape of the company a leadership. Although the company said its bylaws Austin Texas apr three years ago a Small company named Call Home America began offering individuals the same toll free Telephone service that has become a mainstay for Many businesses. The personal 800 number was marketed first to families of College students then to flight attendants truckers and others whose work often puts them on the Road. Larger companies such As sprint corp., Sci communications corp. And american Telephone amp Telegraph co. Eventually expanded the service and customer base making personal 800 lines one of the fastest growing niches in the telecommunications Industry. The personal 800 service is designed to be a better value for customers who get at least three collect Calls or have six credit card Calls per month. Adept at communications computer and language skills along with acquiring cultural awareness and learning the intricacies of International Trade. A the higher skilled jobs in particular will ride the Waves a said Roger Hiatt a partner at the Law firm Miller amp co. Of Kansas City. The firm specializes in International Trade. A flow skilled jobs Are evaporating a Hiatt said. But he and others agreed that the Job trend is not evolving solely because of the free Trade agreement which would lower Trade barriers Between the United states and its neighbors and integrate markets. A it goes beyond Canada and Mexico a said David Wolfe the director of the but was passed Over six years ago in favor of Akers. Rizzo retired from ism in 1987. Cassani also 64, headed in my a important european operations for seven years when business there grew steadily. He retired from ism in 1989. Last week ism blamed a Sharp drop in european sales in recent months for its worsening financial results. Ism also said last week that it would eliminate 25,000 jobs next year a possibly through its first Ever layoffs a and that it might slash its shareholder dividend. The company also said it would barely break even in the current Quarter. Specifically provided for Levin to take the sole chief executives Job no provision has been made for replacing Ross As chairman. That will be left to the Board to decide. Ross 65, had been undergoing treatment for prostate cancer for More than a year and was on leave from his posts when he died at an undisclosed site in los Angeles the company said. Time Warner is perhaps Best known for its flagship Magazine time its movie and records business and such pay to operations As Home Box office. It is also the second biggest Cable to system operator in the United states. The Board shake up comes As corporations increasingly turn to outsiders to the companies charge a monthly fee ranging from $3.75 by Call Home America to $5.50 by at amp to with a per minute fee ranging from 19 to 26 cents. New phones Are unnecessary. From virtually none in 1989, there Are now 1.5 million households with personal 800 numbers according to a recent study by Yankee group a Boston based technology research firm. That a nearly 2 percent of the nations phone customers. A we literally sell thousands a month. Its phenomenal a said Richard Goulet a sprint marketing director for the 800 service. But some experts said they think the Market is still relatively untapped a i think it could really skyrocket in the years to come a said Peter Hampton an Industry analyst at Yankee group. Yankee groups study for instance Shawnee Mission school districts Center for International studies in a suburban Kansas City District. A the agreement reflects what a happening globally a Wolfe said. A it is a Challenge to us to be a More assertive global president Bush and the leaders of Mexico and Canada signed the free Trade pact last week. The Legislatures of the three countries still must approve the pact before it can go into effect. For students the changes in global Trade mean studying geopolitics economics Commerce and Trade As Well As acquiring language skills and being sensitive to different cultures Wolfe and others said. A being linguistically and culturally pre the news sent in my a Stock Price plunging to an 11-year Low. In a Short statement to in my Stop managers Friday Akers announced he was retaining Rizzo and Cassani As of Jan. 1 to help run things. Rizzo he said would help Akers in the United states while Cassani would assist in my Stop european executive Renato Riverso. Akers described the role of the two As a a Counselor and advisers. Our work will Benefit from their insight and seasoned Rob Wilson an ism spokesman said the move to recall the retired executives was Akers decision and not the boards. Bring More accountability to company results. Media analyst John Reidy of Smith Barney said the changes should make the Board a somewhat More manageable. Like Many corporations boards arc ending up of predominantly outsiders because it has been shown they Bear some responsibility for what goes in a statement Levin said he Ross and the non Myloyce directors decided in september to have a committee review the makeup of the Board a because it was our shared View that the time Warner Board was too Large and contained too Many spokesman Edward Adler said Ross supported the final decision. Found interest in the service in nearly 15 percent of . Households with phones or More than 12 million customers. Madeline Wright of san Antonio got an 800 line to trim the collect Call charges from her children in College. A a it a Nice occasionally to get an impulse Call when somebody a Happy just because its easy to get one a Wright said. Wojciech Rosik a Chicago truck Driver who has been a customer of Call Home America since 1990, said the service saves Money but is mostly a convenience. A you done to have to use a calling card a he said. A every time when in a out and want to Call my wife i done to have to look for sprint Sci and at amp to would not provide volume numbers for their personal 800 say pared extends to the corporate marketplace a said Paul Garcia the instructional specialist for foreign languages and International studies for the Kansas City school District. Hiatt advised students who want to work in financial services to take courses in International business and learn Spanish portuguese or French. A a you la be Way ahead of those who want to get into financial services but Haven to studied International Trade a he said. The advice holds for other careers As Well. Young people also should develop global contacts and friendships because such relations can Lead to Success later in the business world Wolfe said. Ross death triggers time Warner revamp phone fad personal 800 lines business service becomes popular for households jobs tied to cultural awareness Trade
