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Show r Up and Down the Street Seminars to Explore Ethics in Business By Robert H. Woody Tribune Business Editor Foreign Corrupt Business Practices Act was passed in the 1970s to get American business to mend its The ways You just dont pay off local politicians or generals to get labor peace or products sold or service contracts. But even an undersecretary of commerce was to tell The Tribune Robert H. Woody that in the real world of international competition, FCBA was a silly imposition on American business. The French and British were amused by the hypocrisy. A lot of businessmen complained. When in Rome, you do as the Romans do1 You can bet the German and Japanese governments were not laying the heavy hand of morality on their corporate representatives. And a couple told The Tribune, there are other ways to skin the cat. Not Dow Rises Mart Stages Recovery - NEW YORK (AP) The stock out of its recent slump and staged a modest recovery in active trading Thursday, with the buying concentrated in the blue chip sector. The Dow Jones average of 30 market snapped industrials rose 8.95 to close at l.all.24. A rally in the final hour accounted for much of the gain. By the close, advancing issues managed to take a slim lead over decliners on the New York Stock Exchange. Until the final minutes, losers outnumbered gainers. The NYSE composite index edged up 0.39 to 118.14. Volume on the Big Board came to 130.31 million shares compared with 131.18 million Wednesday. Analysts attributed the markets rebound to better performances in certain key stocks. BllslllCSS tribune filler violate the letter of the law. But, you know, the spirit so to speak. Now with the international trade balance horrendously out of whack, you dont hear much about foreign corrupt practices these days. And rarely since the student rage of the 1970s, much about business ethics. busiNevertheless, three groups nessmen, clergymen and the general have or will be kicking public around "Business & Christian Ethics" in separate seminar sessions in Salt Lake City. One seminar is being lead by Rev. Otto Bremer, a Harvard MBA holder, and now a Lutheran minister and theologian at San Leandro, Calif. He and a group of local ministers will go through an exercise Friday. On Saturday there will be a public seminar at Our Saviours Lutheran Church, 2500 E. 3900 South. Prior to leading a seminar for cor- porate managers Thursday night, Rev. Bremer talked about business practices and Christian ethics with The Tribune. He mentioned the assumption that you have to grease palms to get things done in some foreign countries. Look, he says, that assumption is an insult to many of the nationals in those foreign countries. You don't have to grease palms. He recalled that when the two Saudi generals accepted $450,000 from Northrup several years ago, two Saudi students told him that the action was an absolute violation of Moslem ethic against putting personal gain over community good. When an Altanta company made public disclosure of its intent to bribe its way to success in Mexico, the Mexicans were outraged. But whats wrong with paying somebody to expedite" a little matter for you? Example: you have a boatload of perishable product thats got to be unloaded. You make a little gift to the assistant harbor master to get your ship to the dock faster. After all, that perishable product represents the investments of widows of orphans. OK, replies Rev. Bremer. "It may be necessary to pay off the assistant harbor master. But you make sure somebody finds out later who can do something about changing the practice." And then, he adds, you have to ask yourself: Can I in my evening prayers, tell God what I Friday Section Marning-Janu- 24, 1986 ary C Page 9 Coke Juices Up Assault on Pepsi - With PepNEW YORK (AP) siCo Inc. reported ready to buy Seven-Up Co., industry leader Coca-Col- a Co. stepped up its attack against both companies Thursday and orange by unveiling lemon-lim- e sodas that contain fruit juice Coke's new sodas are meant to soda compete with a "juice-added- " already sold by PepsiCo, called dominant Slice, and Seven-Up- s share of the traditional lemon-lin- e soda category. s new entries and PepsiCos reported desire to acquire Seven-Uunderscore both firms' a segment" optimism for the k of the nations $26 billion industry, Jesse Meyers, publisher of the trade journal Beverage Digest, wrote earlier this week. PepsiCos decision to acquire Seven-Up- , which has been rumored for several days, was expected to be announced shortly, the New York Times reported Thursday. Tne newspaper, quoting unidentified sources, said the value of the proposed transaction was about $400 million. Keith Anderson, a spokesman at i.i PurPepsiCos headquarters chase, N Y., declined comment on the story, saying the company uoes not respond to speculation. p non-col- soft-drin- Atlanta-base- d cur- Coca-Col- a soft-drin- Coca-Cola- a, Republic Creates Huge New Airline By Clayton Haswell Associated Press Writer The parent MINNEAPOLIS company of Northwest Airlines has agreed to buy Republic Airlines for $884 million, which would create the nation's third-largecarrier, it was announced Thursday. The deal, if approved by shareholders and the federal government, would make Northwest larger than any domestic carrier except United Airlines and American Airlines, said Steven G. Rothmeier, Northwest's president and chief executive officer. The agreement calls for Republic's shareholders to be paid $17 per share by NWA Inc., Northwests holding company. Bob Gibbons, a spokesman for Republic, said about 52 million shares were outstanding, including warrants and debentures. On the New York Stock Exchange, Republic closed Thursday at $14 a share before the announcement was made. The sale "addresses the needs of Republics three constituencies shareholders, employees and customers," said Stephen Wolf, Republics president. Employees of both airlines interviewed at Minneapolis-S- t Paul International Airport said they had been instructed not to talk to reporters. The two carriers would have a combined work force of 30,000 employees and 298 jet aircraft, the Minneapolis-based companies said in a joint statement. We complement each other well, said Gibbons. "Northwest has a fleet of wide-bod- y aircraft that are ideal e for routes. Republic narrow-bodhas a fleet of short-hau- l, - Coca-Cola- k conrently is the leading cern with about 39 percent of the total market, followed by PepsiCo with 7 at 28 percent and Seven-U- p percent, according to Meyers. One percentage point equals about $100 million in sales. Hence, if PepsiCo buys Seven-Up- , it would not only allow PepsiCo to s leadership, it challenge and Pepalso would give Coca-Col- a siCo a combined 74 percent share of the total market. As a result, the purported merger is likely to be reviewed by federal antitrust authorities, the Times said. Coca-Colmeanwhile, said at a news conference in New York that beginning next month it will sell Deal to Purchase Associated Press Loserphoto soft drink company, PepsiCo Inc., the nations second-largewill buy No. 3 Seven-Up- , published report indicated Thursday. st and ange flavors of its new Minute Maid soda, together with diet versions of those drinks. Our objective is to effectively imuse our companys second-mos- t portant trademark, Minute Maid, to play a leading role in the emerging juice-adde- d lemon-lim- e or- k segment of the market, said Brian G. Dyson, USA. president of Coca-Col- a In addition, Coke said it would step up marketing for its Sprite and sodas to comdiet Sprite lemon-lin- e soft-drin- juice-adde- d pete more effectively against long-distanc- y aircraft." David Sylvester, airline analyst with Montgomery Securit' 3 in San Francisco, said the merger makes sense because it eliminates the competitive flights between the two airlines. Clearly, the activitity will prove profitibility, he said. ou did? What about the corporate imperative? Strictly profits? The bottom line? Return on investment? Well, maybe its a good idea to See Column 3 RWS TRAPSKEET FIELD LOADS 30 Box $30.00 case of 10 BINOCULAR & SCOPE REPAIRS Gallensons 220 S. 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