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?age A12 Winston-Salem Chrc
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CEO says p
By MARDELL GRIFFIN
Chronicle Staff Writer
Although most AfricanAmcrican-owncd
insurance
companies are hard hit by
aggressive affirmative action
programs conducted by large
corporations in recent years, the chairman
and chief executive
lofficcr of Golden Stale Mutual
'says his^company is thriving.
Ivan J. Houston, Golden State's
CEO, said there arc only "a few"
^minority-owned insurance
companies nationwide that can
;perform competitively in the
current market. And those
companies, including the one he
heads, are the ones who have
.identified their market and built a
strong company infrastructure with
talented management.
But drafting able managers is
not enough. Businesses must
Iprovidc adequate incentives to keep
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Jackson
I ,
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hum
A SI50 billion drug industry i$
;operating "right up under our
Ifaces," he said, calling for a
reinforced U7S7~Coasr~Guafd7~
expanded drug enforcement
agencies, and increased drug
education programs.
"The government can cut the
'supply (of drugs), but the people
must be willing to not take it," he
;added. (Earlier at A&T, he told
students that the present threat was
not from rope-wielding Klu Klux
; Klansmen in hooded sheets but it is
1 from "the hood who sells dope.")
Under President Reagan,
[construction of "affordable
Ihousing" has dropped by 80
percent, which he wants to see
[turned around, he said.
[ He is also committed .to
increasing money for education. It
jtosts less than $30,000 for a full
[four-year academic scholarship to
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Rann
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iFrom Page A1
! advises the governor on issues
relating to minorities, as well as
; develops programs and makes
! recommendations for boards and
commissions. He also serves as a
; liaison to community groups and
J professional associations.
Rann earned his undergraduate
; degree in political science from
! Lincoln University in Pennsylvania
J in 1974. He received his law degree
from Howard University's School
I of Law in 1977.
He was enrolled in the master's
; of public affairs program at the I
'.University of North Carolina at
I Greensboro from 1981 to 1983.
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)T\icle Thursday, August 20, 1987
ressure froi
Houston
>h*?m nn rnmpsiny riva^re "Wi> have
always emphasized recruiting good
management people," Houston
said. "And we have kept them by
paying competitive salaries and
commissions."
From Page A1
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most public universities, he said,
while the same amount of time in a
penitentiary racks up a public bill"
-Of $140,000r "It i^bad judgement
to cut funds to support education,"
he said.
And farmers are high on his
list of those in need of a helping
hand from the government.
He called on people with
differences to meet on "common
ground."
"If we must fight," he said'
summing up his stand on various
issues, "let's fight at the plant gate
where the gates were closed on
workers without even giving them
notice, and at schools where
_? -
siuaents with good minds and
teachers were turned away because
of a lack of money, and at farm
auctions where farmers, who have
fed America and the world, have
no- where else to go and in the
^j
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m big firms
Golden Stale entered North
Carolina two years ago through a
merger with Winston Mutual
Insurance Company, then the
second largest African-Amcricanowncd
insurance company in the
stale.
Now Golden Slate is the
second largest African-Americanowncd
insurance company in the
nation in insurance in force with
written policies totaling S5 billion.
In assets, u ranforttiird among
African-American-owned insurance
companies in the United States with
holdings worth over $116 million.
'"We were fortunate in coming
into North Carolina -- in working
out a merger and acquiring Winston
Mutual," Houston said "Right now
in our company, this is one of our
fastest growing areas. I think the
future of our company is very good
in Nor^i Carolina." .
The company executive was in
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emergency room where an injured
person cannot get treatment without
a blue or green card to go upstairs?
-to an empty bed that is waiting for ?
a rich person to get sick."
, Jackson closed his remarks
with appeals for funding in his
characteristic evangelical style.
"Friends, we need -- right now -money
to keep us going," he said.
Jackson has not selected any
possible running mates if he takes
the Democratic nomination. "It's
really too early for that -- it really
is," he told the Chronicle after the
luncheon.
Jackson ended the event posing
for pictures with his supporters and
autographing copies of his book,
Straight from the Heart, that were
made available for sale as fund
raisers by the Rainbow Coalition.
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Sears Pricing Policy If an item n not &
at its regular price A special purchase.
NC: Burtmgton. Chartottr
Hickory. High Point.
SC: Columbia. Florence.
VA: Danville. Lynchburg.
WV: Barboursviile. Beckl
won't slow
Winston-Saiem to attend a
reception and open house held in
Golden State s newly- renovated
offices in the old Winston Mutual
building at 1225 E. Fifth St.
Golden State had originally
planned to sell the Fifth Street
property which was run down and
in need of repair and remodeling at
the time of the merger. But public
opinion persuaded them to retain
ownership of the structure.
About 1(H) people joined
Houston to inspect the face lift
given the interior of the 18-year-old
East Winston landmark and attend
mc reception nonoring fcddtc I.
Stanton.
Stanton took over as manager
of Golden Stmo's local district
operation in April. Winston-Salem
is included in the district which is
roughly bounded by Mebane,
S tales v i 1 lc, Rural Hall and
Lexington.
" A U^. U^..H
AIIU uuy
Hertert Stephens chats with his
Aug. 14. Derrick presented one
recognize the support of family
wr ? * ?
&BM
iOvl
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ascribed as reduced or a special purchase, it is
though not reduced is an exceptional value
i. Concord. Durham. Fayettevitie. Gastonia. Goidsbc
Jacksonville Raleigh. Rocky Mount. Wilmington W
Myrtle Beach. Rock Hill
Roanoko KY: Ashland
ey. Biuetieid. Charleston
_ H
Golden State
The third floor offices also i
house the company's regional t
organization that directs operations c
for the entire state. William Fulton 1
is regional manager for Golden
State.
Fulton is a familiar face in the
office, counting the years he spent
with Winston Mutual before the
merger, he has been with Golden |
State for 27 years.
When he took the job with ,
. Winston Mutual over 25 years ago, (
Tnilton- said -be^ ^>niy .Wanted
something that would pay him
cuuugn money to get to Atnca." j
At the time he pictured all
insurance agents as "old married 1
men." I
"1 just took the job to show
unmarried and be in insurance," he |
said tp his company's top officer. "1 <
haven't quit yet." <
Fulton escorted some visitors j
on a tour of the spruced up facility ]
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son, Derrick, at the Shilohian-St. Pete
of the program's addresses at the e\
and volunteers during the summer c<
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I I Sizes 4-7, Reg. $11.99-$13.99
I | Sizes 8-14, Reg. $13.99-$14.99
KNOW^ASHIO^oughski
I1W 5 FABULOUS COLORS
I Pre washed b/ue, gray or bi
II stone washed and super b/i
>ro. Greensboro. Greenville
/inston-Selem
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>'s growth ?
*
ind pointed out computers that link . (
he local affiliate with the
:ompany's national headquarters in ;
-os Angeles.
The first phase of the :
remodeling project included the *
second and third floors of the
structure. "Eventually the whole '
building will be renovated/' Fulton
said. Exterior and interior
refurbishment is scheduled for
completion within the next year.
/
A guest book containing
signatures of some of the visitors at
Sunday's function included the
names of Rep. Logan Burke and
his wife, Northeast Ward Alderman
Vivian H. Burke; East Ward
Mderman Virginia K. Newell, who
represented the mavor's office'
, __ "?
2.A. McLean, NAACP state *
director; Marshall Bass of RJR; "
ind former North Ward Alderman
-arry Little.
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r*s Family Center program held *
^ent. The program was held to ,t
imp program (photo by James
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