Show wm The Herald Journal Logan Utah Thursday August 13 1998 — Page 9 Millionaire’s move spells uncertainty for firm SALT LAKE CITY (AP) — Utah millionaire buiine siman bn M Cummins and his family are moving to Jackson Wyo and the fate of the company he chairs Leucadia National Corp is in question The current issue of Forbes imprim uys that Cumming and Leucadia president Joseph S Steinberg have told share- holders they plan to liquidate the comganr returning proceeds to the ‘If we're not going to (make invest- - menti) then you die owners should not have to pay for overhead” Forbes quoted Steinberg as saying Steinberg and Cumming made their fortune in die last 20 years investing in and overhauling undervalued companies But Leucadia has struggled oflate to Serial killer tries to kill himself in Uinta jail the -- dating its assets "We expect to still be here she said “That's as much as 1 can tell you” Leucadia's corporate offices are in New York City where Steinberg is based Its executive offices where chairman Cumming has his headquarters are Cumming and Steinberg are each worth $350 million according to Forbes The Cumming family owns homes in the Federal Heights area of Salt Lake City and at Snowbird Ski Resort in Little Cottonwood Canyon Cumming was traveling and unavailable for comment although a secretary said he does not talk to the media Steve Swindle Salt Lake attorney for Leucadia and Cumming said Leucadia is being restructured but liquidation is not certain “They are making some changes” said Swindle "but to the best of my knowledge they have not formed details of the planning" The most recent annual report offers three possible courses of action for the company's “future conundrum" They could do nothing and wait for things to change meaning small returns on investments do nothing but give shareholders back a significant portion d of the money or “Stop the and give all the money back on the theory that a run is a good merry-go-roun- 20-yc- ar one" Forbes' said they have opted for the last route Gardner's denial notwithstanding Cumming and Steinberg met at Harvard Business School in the 1960s In 1979 they bought control of a company called Talcott National a factoring and consumer finance company for $100000 of their own money and $12 million from others Talcott later became Leucadia National Cumming moved to Salt Lake City in partner in Tcrracor which developed real estate in St George and Tooele County as well as Idaho and Colorado He bought out the other partners in the company which was in Chapter 1 1 bankruptcy Cumming is also on several local boards including the Utah Board of Regents which oversees Utah's nine colleges and universities SkyWcst Inc the parent company of SkyWest Airlines and he was founding chairman of the Utah Sports Authority the group that assured tax money spent on the 2002 Winter Olympics was handled appropriately In the first quarter Leucadia's revenues were down 8 percent to $1487 million 1971 as a Camp shirts L Condemned serial killer Roberto Aiguellei was in critical condition following his second suicide attempt in a week Prison spokesman Jesse Galle- said copyright story Wednesday that the statements don't mean Leucadia is liqui- in Salt Lake City fog 135 Shof&eewd camp shirts In mini piakh SALT LAKE CITY (AP) — gos invest its $2 billion in assets “There is a vast amount of money sloshing around the world" wrote Cum ming and Steinberg in their most recent report to shareholders "As hard as we run the hot money has beat us there One of us predicts a very unhappy end-- ! ing to the exuberance the other doesn't know what to think" But Pat Gardner a spokeswoman for Leucadia told the Deseret News in a year-old Arguelles was found bulging by a laundry bag in his maximum-securit- y cell in foe prison's Uinta IV unit about 1:13 pm Wednesday and was flown by helicopter Sale 1999 rts Heavyweight ovenizedt-jhkt- s L in twdve colon Sale 2$16 Shorts 8eg $34 Cngo shorts in UmU oKvu sand and black waist sizes 28-3- 8 to LDS Hospital where he remained listed in critical condition today Gallegos said Arguelles was unconscious and had a faint pulse when he was found by a corrections officer making rounds Arguelles who was on death row for the kidnappings and gs of three teen-ag- e girls and a woman in 1992 was on suicide watch and had been checked about 13 minutes before he was found Prison spokesmen said the inmate had been placed under 24-- hour observation after slashing his wrists a week ago Attfidles confessed and pleaded guilty to the murders in 1996 and has maintained since that he wants to die for the crimes He has fought efforts by his attorneys to appeal his death sentences Ed Brass Arguelles’ attorney said his client is prone to bouts of severe depression "He’s talked about suicide but his preference has always been to take its for die state’s due course" said Brass who was contacted in Alaska "He’s angry and fnistreied that the mandatory review of his death sentenced (by the Utah Supreme Court) is taking so long I Arguelles was admitted to a new program earlier this year that granted nine condemned Utah prisoners greater privileges including longer penods outside their cells He was removed from the program in June when he refused to attend the required courses anger-manageme- rest hours before Wednesday's suicide attempt prison officials asked ArgneUes to reconsider his decision to withdraw from the program Spokesman Jack Ford said counselors were waiting for a reply from Arguelles when they learned of the suicide attempt Arguelles has spent more than 16 yean behind ban most of it for convictions of violent sex crimes Arguelles kidnapped sexually assaulted and strangled -ia March old Tuesday Roberts 1992 The gut was with a friend Lisa Martinez whom Arguelles stabbed more than 40 times with a wood chisel He dumped the girls’ bodies in a reeking ditch at a westside pig form owned by a relative Earlier that month Arguelles had kidnapped sexually assaulted and Hied Stephanie Blundell whom he buned in American Fork Canyon The fourth charge to which he pleaded guilty was the February 1992 abduction and strangulation of Margo Bond a janitor at a junior high school where Arguelles said he had been Her tody was found in a shallow grave in Tooele County by hunters four mouths after she dis-- Sigueiies was ' on parole at the time of die murders after serving II years for attempted murder and aggravated sexual assault for raping two teen age girls ia three days He confessed to the slaywhile serving sentence for the December 1992 molestations of a brother and sister ages II and S earlier aiue-year-to- -e Sms mi stokes Mawar tmoush tmmm 18 I km am-- Smi Lake Domtom aw ZCM Owe nr khome: la Sau Lake 878-866- 8 (meet Visa as aa On that year R COPY 1 -- 1 A i W s si" Jbvf V- - - s V Satvmmv 10 au-- 7 elsewmeae Utm am ru aw St Geonce Oowtom: the US Manat at nuucsaawa Mown imoum Saiuaomt 18 am 8 km) -- Cum Ins as |