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The Salt Lake Tribune MOTLEYFOOL JOYCE ROSENBERG £2 E-2 HUMBERTOCRUZ «EA CHET CURRIER SUNDAY 9-11 tragedy by oe jbZ SEPTEMBER29, cee choices, E3 Manyplan to defy tradition, stay on Compiled by Bob Mims Cheap Food, Cook won't lead it, but he would cheerit on. “I don't think there should be 65 as a for mal limit,”said the president and chief executive officer of MAPICS Inc., an Atlanta: ‘THE ASSOCIATEDPRESS CHICAGO — Dick Cook is an archetypal Easy Labor aks ae boomer: energetic, ambitious and bent defying the aging process as long as Raises Weight™ lose to half the American pop- ulationis estimated to be overweight, a condition that hasserious economic consequences @ reacted to the Tape a CEO, now less than a decade || way from the day he’s supposed to turn in keys and retire, according to time | his honored businesstradition. || Could a CEOretirement rebellion be on the horizon whenthe businessleadersof the can-do generation turn 65? based software provider. “With thelifestyle that most CEOs lead today — we're just healthier people, more involved in every thing thanpeople of the same age were a decade or two ago.” Mark Rednick, no has-been himself as a 66-year-old CEO, agrees. He contends that boomers are in “10 times better shape than guys from earlier generations.” “Most boomer CEOs don’t wanttoretire. period, or they want semi-retiret mentif they do retire,” Rednick, who heads See BOOMERS,PageE-5 Press file photo Dick Cook, 55, chief executive officer of MAPICSInc., in: dulgesin his favorite hobby, water-skiing, near Atlanta cause ofits impact on labor supply and health care. Bodyweightis itself influenced by economicvariables,often in complex | Las Vegas ROLLING AGAIN ways. For much of humanhistory, poorer people were thinnerthan richer people. Even today, inhabit- Kingof antsof rich countries tend to be heavier than those of poor countries. But within countries, wealthier people often weigh less than others. Market Research Whatcausesthese differences? The economic determinants of weightare investigated in a recent paper by Darius Lakdawalla and TomasPhilipsontitled “The Growth of Obesity and Technological Change.” Lakdawalla and Philipson argue that there are twodistinct economic drivers of body weight: a supply-side Consumers vote on TV showsto diapers effect caused by higher incomes and lowerfood prices, and a demand-ete effect caused by the increasingly sedentary nature of work. Rich countries tendto haverela- tively low food prices and more sedentary jobs than poor countries, making them fatter on average. But within rich countries, everyonefaces technology, so differences in weight are influenced byother factors, like Layoffs in Furniture Sector Increasing competitive pressure and ongoingsluggish demandindustrywideforoffice furniture led Steelcase Inc. of Grand Rapids, Mich., to announce 800 office job cuts this past week. Thelayofis, which will take place by February, amountto 4.4 percent ofthe furniture maker's worldwide workforce. Excluding those employried and temporary workers at Steel- case havelost their jobs since December2000. was hot, and who was not, Television City, part of the network's market-research operations at the MGMGrand about9,000 permanent and tempoworldwide. ~ The Associated Press “L thought it wa cool. I'd do it again,” Laredo, Tex: The Town Is Buzzing count to somebig corporation somewhere. With ane liontourists a y $ is becomingthe city of cho! for market In anothersign of fading hopes for electric vehicles, Norway has told Ford MotorCo,it cannot meetdemandsto keep its Think auto plant open. In late August, the Dearborn- based automaker announced it would stopselling electric cars in the United States and also was prepared to withdraw from the Think Nordic plant that makes the ThinkCity electric car. ri Ford has said the market for electric cars was too small, while environmentalists say U.S. automakers have dragged their hee]s on develop- bg agandBroo electric cars like © — The Associated Press wi Fs Napster Takes Another Blow Forfansof Internet peer-to-peer transfer technology, another sad | milestone for the grand-daddyof file swapping, Napster. | This past week a judge agreed to _ the appointment of ‘a trustee in Nap| gter Inc.'s bankruptcycase,after a } motion to convert the defunct Inter- _ et musie-swapping site's case to a | Shaper? liquidation was withwn. ¢vThe U.S,trustee, a Justice Depart4 ment official whoassists in bankruptcy cases, withdrew a request to |) eonvert the case. Napster also with© drewits motion to appoint ChiefFi ‘ nancial Officer Carolyn Jensen as an ; gal to manage thesaleofits as oh8, Bankruptcy Judge Peter Walsh scheduled a hearing next Weekafter the unsecured creditors’ Committee said it received letter of intent to purchase someof the com: pany’s assets for cash andequity, The namepoe the bidder was not — ers to gather consumeropinions on products from pizza to dia pers, and on mediaofferings from television shows to commercic Is. “That's what drives this industry,” said Lee Medick, BY MARK HAVNES ‘THE SALT LAKETRIBUNE SCALANTE — There's a new E but familiar buzz in town. The sawmill is president and owner of MRC: Group Research Institute. running “Companies make million. dollardecisions based on what Since it first openedinthe 1950s, the mill has shut down several times people think.” Finding out what people through the decades mainly dueto. falling lumber markets andrising en- are thinking is a boomingin- vironmentalchallenges. Each closure dealt a severe blow to this scenic dustrythat generates an esti. mated $6.1 billion annually. southern Utahtownof 900people, sap- Ford Electric Car in Doubt pretty said the esident. “It makes you feel like maybe your little opinion might mean something and might Reopened sawmill a welcomesound in Escalante During that time, employment at percent in western Michigan,from hotel. Gs 2 Photos byFrancisco Kjolseth/TheSalt | Shane Steed, a part-ownerof the Escalante sawmill, closes his eyes against the dust from a passing truck. Steelcase has dropped more than 44 rary workers to about 5,000. The company has about 18,000 employees She neverexpectedtohelp» ' during a screening at CBS’ ees affected by this latest announce- ment, more than 6,500 hourly, sala- LAS VEGAS When Linda Pulido visited Las Ve-. giving her opinion about who Doctors perenniallytell us to eat Jess and exercise more, But economicfactors are working against NewYork Times | | is, the samefood prices and similar ourdoctors’ advice. BY DESIREE HUNTER THE ASSOCIATEDPRESS decide whowouldbe the next anchor on a morning televi sion newsshow. But Pulido found herself education and income. their advice: Foodkeepsgetting cheaper, and work keeps getting physicallyeasier.It's not surprising that we keep gainingweight, despite | Dollars spent on market re ping the economy of around$2 million to $3 millionayear. The latest stoppage started in search have grown steadily since 1991 except for 1996 and 2001, said Lar March whenColorado-based Bighorn editor and publisher of Inside Lumberidled the operation, It ended four monthslater when StephenSteed and three of his brothers purchased Research, a Chicago-based in dustry newsletter WhenMedickandher hus: band, Jim, who is MR( the mill and reopened it as Skyline ResourcesInc. ‘The foursome was able to buy the mill, thanks to a cooperative effort of 30 private Utah businesses and gov. ernment agencies assembled by the Utah Rural DevelopmentCenter. Attorneys, bankers, Garfield Countyofficials, a power cooperative, the U.S, Forest Service, the Five Counties Association of Governinents and others helped the Steeds the $500,000 needed to purcha: mill, which carries an assessed value of $3.5 million, Tony Chavez drives the saw cab, guiding logs through the saw. “If one part would havefallen out of the puzzle, it would havefallenapart,” Stephen Steed said. Tapping a public-private consortium to encourage economicgrowth in rural Utah has been done before but never onth le, according to Scott Davis, president of Deseret Certified Development Co. in St. George. Davis’ company helped the brothers land a $224,000 loan from the Small Business Administration to ‘THE SALT LAKETRIBUNE the dozen of so that are headquarSchool + tered in private homes, ‘Those tiny financial ratives, walk past the washing machine inthe which include the Salt Lake Wonder laundry room of his home tovisit the Credit Union with $278,276 ip assets ‘Tri-County Credit Unionoffice, and the Green River Credit Union The headquarters of the Peoples withassets of $203,781, are bucking a Electric Power Credit Union shares nationwidetrendthat has resulted in the guest bedroom in Susan Brady's many of Utah's smaller credit unions house in West Jordan, “We havea bed merging with largerones. in the middleof our office,”shesaid. “Tt is getting harder for small Utah is big on credit unions. credit unions to remain independent. Roughly half of the adults in the state They seem to be more vulnerable to belong to oneof the nonprofit finan: market conditions and changing reg cial institutions, Yet nowhere is the ulations," said Orla Beth Peck, Panguitch Elementary Principal Nick Reynolds need only pany to Las Vegas in 1996, others in the industry were shocked, Jim Medick said. But the Medicks found onlya few similar companies in Las Ve gas, and a virtually untapped source of consumeropinion. the Utah Rural Development Center at Southern Utah University, was instrumental in uniting the various See SAWMILL,Page E-5 Smaller cooperatives say situation brings prosperity, sense of independence popularity of credit unions moreevi moved their 10-year-old com them all work in harmony,” Davis said. Scott Truman, executivedirectorof Credit Unions Housed in Homes dent than among the membershipof of ficer and managing director buy BY STEVEN OBERBECK Group's chief executive equipment. The r est of the financing camefrom Wells F ot too often you canbring this manyresources together and have supervisor of credit unions for the Utah Department of Financial Insti. tutions, “There are fewer all the time.” For cooperatives that include the Southwest Industrial Area Credit Union run out of Veva Anderson's homein Salt Lake County, the move residence froma stand ) years ago brought sig nificant savings. “It is probably the one big thing that has allowed us to remain pros perous and independent over the years,” Andersonsaid, “It helps keep See CREDIT UNIONS, Page E-3 Las Veg market research make s Sense, | See LAS VEGAS, Page E-3 Credit Union | Assets Granite Mill& Fixture Company Employees UtahPeave) 120,906 . 7 Employees bu $152,271 Industrial Supply cu” $188,449 GreenRiver Credit Union Southwost industrial Area CU $203,731 218,004 Tri: CountyCU $227,176 Salt Lake Wonder CU $278,206 AmericanGilsonite | pan ao _Employees Federal CU | ens 624 “Presto Lewision lexan Employees CU $848,004 Plumbers and | Steamfitters Local 348 asa i Source: UtahLangue of Credit Unions Whonda Halles Maylett The Sait Lake Tribune -; |
