Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / July 17, 2003, edition 1 / Page 8
Part of Winston-Salem Chronicle (Winston-Salem, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Business Focus ?? ___??? ^ Briefs Philanthropist gives to Livingstone SALISBURY - During a recent visit to the col lege. Charlotte philanthropist Irwin "Ike" Belk gift ed Livingstone College $200,000. including a sculp tured Blue Bear. Livingstone's mascot, to be dis played on the campus. ^\s a result of his gifts, the new eight-lane track in Livingstone's football stadium will be named in Belk's honor. Belk. a fan of collegiate-level sports - especially track - and once a track star at the Uni versity of the South, is famous for giving major gifts to and commissioning various monumental sculp tures for athletics programs at colleges and universi ties throughout the state. However. Belk. who served as a senator in the N.C. General Assembly for eight years in the late 1950s and 1960s, has interests in education that are not limited to athletics. The man who says, "The most important thing in your life is to educate your brain," introduced the bill that created the Universi ty of North Carolina at Charlotte. Forty-nine sena tors endorsed that bill, and Belk said that is the only time that has been done in the history of the state. NIKE Inc. to acquire Converse Inc. NIKE Inc. announced last week that it has entered into an agreement to acquire Converse Inc. The total price to be paid for 100 percent of the equity shares is approximately $305 million plus the assumption of certain working capital liabilities at the time of the transaction's consummation. Con summation of this transaction is subject to regulato ry review, including U.S. government review under the Hart-Scott-Rodino Premerger Notification Act. NIKE Inc.. based in Beaverton, Ore., is the world's leading designer and marketer of authentic athletic footwear, apparel, equipment and acces sories for a wide variety of sports and fitness activ ities. For fiscal year 2003 ended May 31, NIKE Inc. revenue totaled $10.7 billion. Converse Inc., based in North Andover, Mass., was founded in 1908. Converse has created such legendary shoes as the Chuck Taylor All Star, the Jlck Purcell, One Star. Full-year 2002 Converse Inc. revenue totaled $205 million. "Converse is one of the strongest footwear brands in the world with great heritage and a long history of success," said Tom Clarke, Nike's presi dent of new business ventures. Jack Boys, chief executive officer of Converse, said, "Our partnership with Nike creates significant opportunity for us to execute our vision for building a leading global sports footwear and apparel brand by growing our core business and expanding our product offerings into other sports performance and lifestyle categories." Harris Teeter cited for family environment by Child magazine Child magazine has named Harris Teeter among the top 10 "family-friendly" grocery chains in the country. The magazine looked at things such as supervised play areas, candy-free checkout lanes, special parking for pregnant women, free emergency and fingerprinting ID kits. The magazine conducted a five-month investiga tion. sending a 46-question survey to 44 retailers. The full results of "The Top 10 Family-Friendly Supermarket Chains," the first of its kind, will appear in the August 2003 issue of Child magazine. Harris Teeter ranked fifth on the top-10 list. Oth ers on the list included: Wegmans Food Markets (1), Giant Eagle (2) and Publix (3). At Harris Teeter, every child gets a balloon, a cookie and an activity sheet. Children also can drive their own race cars through the aisles with their mothers, or push their own miniature grocery carts in Harris Teeter's "customer-in-training" program. "Harris Teeter associates go the extra mile in helping parents with kids have a good shopping experience at our stores - little things like helping parents with small children get their groceries to the car. or making sure an expecting mom gets the help she needs choosing items from a high or low shelf. O Our associates are attentive, friendly, and knowl edgeable." said Fred Morganthall. president of Har ris Teeter. Ayers joins LSB's investment wing Joel D. Ayers has joined the LSB "The Bank" offiee in Wallburg as an investment sales consultant, announced Stanley R. Smith, , ? , vice president and program manager of LSB Investment Services Inc. Ayers joined LSB after achieving success as an invest ment representative for an independent national broker age in Midway. His business career includes 10 years in sales and management with Martin Marietta in High Point, and three years as an invest mcni consuiiani. fie is a native of Winston-Salem and a graduate of R.J. Reynolds High School. He earned a bachelor of science degree in economics from Salem College. He is president-elect of the Midway Lions Club and past president of the Northern Davidson County Chamber of Commerce. He lives in northern Davidson County. Through a partnership with UVEST Financial Services. Ayers' customers will have access to a full range of securities brokerage services, including financial planning, professional money manage ment. stocks, bonds, mutual, funds and annuities. Ayert L'Oreal gives scholarship to A&T student j t/ SPECIAL TO THE CHRONICLE NEW YORK - Three new students, Christina Davis of Del tona, Fla.; Corey Caldwell of Henrico, N.C.; and Terry Whitak er Jr. of Leesburg, Ga., have been selected as the 2003 recipients of the L'Oreal-Soft Sheen Carson Scholarship awards. Caldwell is an incoming freshman at N.C. A&T State University. Candidates for the scholar ship were submitted by partner ing historically black colleges and universities (HBCU), where the students are enrolled to attend this fall. This year the new schools participating in the pro gram include Florida A&M Uni versity, N.C. A&T and More house College. The students selected, were chosen for their high academic accomplishments and their active community lead ership. "They reflect what we as a c o m d a n v look for in our employ ees ? pas sion and commit ment," said C a n d a c e Matthews, president of Soft Sheen/Car son. The students will each receive four-year renewable scholarships of up to $ 10.5CM); a fully loaded. Internet-ready laptop computer; and a standing invitation by the company to join the L'Oreal USA summer internship program, after the completion of freshman year of college. L'Oreal USA and its ethnic hair and skin care divi sion. Soft Sheen Car s o n launched the scholar ship pro gram in May of 2002. mod eled after the Carson Scholars program created by Dr. Roy Keith, for mer presi dent of Morehouse and once president of the Carson Products company. ; Carson was acquired by L'Oreal [ in 2000. The L'Oreal-Soft Sheen/Car- ' son Scholarship program was a designed to support the academic s aspirations of young African Americans who wish to pursue a college degree; and to support and build meaningful relation ships with HBCUs, whose mis- ' sion is to consistently provide the J very best education toward the development of tomorrow's lead ers. L'Oreal USA and Soft Sheen Carson provide scholarships to four students who are attending , top HBCU partner schools: Spel- , man. Howard. Dillard, Xavier and Hampton. The company looks toward further develop- . ment of this program. Caldwell Davis Whitaker Ronald Funderburk II poses on the campus of Harvard. 1L T . ? , 1 ? TT 1 mtive takes part in Harvard program S PI CIAL TO THE CHRONICLE BOSTON - Ronald Funder burk II, a Winston-Salem resident, recently completed the one-week Summer Venture in Management Program (SVMP) at Harvard Business School in Boston. Mass. Funderburk was one of 87 par ticipants - selected from more than 500 applicants nationwide - who participated in a program that for 20 years has encouraged tal ented minority college students to consider attending business school and pursuing a career in management. Using (he school's renowned case method of instruction. Har vard Business School faculty members led discussions on issues in marketing, finance., organiza tional behavior and operations. Instead of listening to lectures, students worked together in intensely interactive study groups and classes, wrestling with real life management situations that ranged from Euro Disney and Chiquita Brands to inner-city supermarkets and an oil pipeline project in Africa. "Through this unique educa tional experience," said professor Benjamin Esty, faculty chair of the program, "SVMP students can see for themselves the challenges managers face, the innumerable opportunities that await them as executives and entrepreneurs, and the impact they can have on their community and the world as busi ness leaders." Harvard Business School paid for tuition, meals, and housing, while the companies where partic ipants are working as summer interns covered salaries and trans portation to and from Boston. Michelle Gethers-Clark American Express' Gethers- ? Clark gets : a promotion ? She will take over J Customer Service ' Center operations \ SPECIAL TO THE CHRONICLE GREENSBORO Michelle Gethers-Clark has ' been promoted to senior vice president and center head of the American Express Cus tomer Service Center. She i replaces Beth Lacey, who has I been named senior vice presi- J dent and general manager of J the Strategic Alliances and 1 Cobrand businesses for Amer- i ican Express in New York. Gethers-Clark joined 1 American Express in New I York in 1987 as a staff auditor | in the finance department. j She later was promoted into ? the credit policy and risk ! management organizations of J American Express. In March j of 2000. she was named vice ? president of risk operations ? and relocated to the Greens- j boro Customer Service Cen-, ? ter. In November of 2000, she' ! was promoted to vice presi- J dent of credit operations at J the Greensboro Customer Ser- t vice Center. In her new role, she will assume the day-to-day t responsibilities for the Ameri can Express Customer Service " Center. She also will maintain a key leadership role in the . company's credit organiza tion. Lacey joined American Express in New York in 1989 as vice president of credit J administration and customer ' service. She later assumed ' increasingly senior-level positions within the company, including vice president and J chief quality officer and sen ior vice president, service infrastructure. In 1999, she ' was named senior vice presi- t dent and center head of the American Express Customer '. Service Center in Greensboro. , In her new role, her organ ization will manage the com- . pany's relationships with key ' business partners such as Costco. Delta Airlines, Hilton and Starwood hotels, and the Home Depot. Tiger and Target help a million kids SPECIAL TO THE CHRONICLE MINNEAPOLIS - Start Something, a youth program from Target Stores and the Tiger Woods Foundation, recently celebrated its one-millionth program participant - Janette Saldana, age 12, from Lindsay, Calif. Start Something helps kids identify goals and dreams and put them into action. The program also teaches kids that they have the power to make a difference in their communities and within them selves. New to the Start Some thing curriculum this year is Start Something Part 2. which encour ages kids to create a portfolio of work that brings their interests to life. Janette met with Tiger in Orlando. Fla.. where she was able to share her goals with the profes-. sional golfer, the inspiration for the character-building program, and talk about her Start Something activities. Janette's dream is to be an architect, and for her Start Something Action Project, she is working with a local architect to create a landscape design model for a housing complex in her hometown. Janette also enjoys exploring the community and helping others in need and has par ticipated in several group service projects with her classmates as part of her Start Something activi ties. "Reaching the I million mem ber milestone in just three years is a great achievement," said Woods. "It is proof that Start Something and the partnership between Target and the Tiger Woods Foundation is a huge success, and I can't wait to see all these children, including Janette. reach their dreams." Since the program's debut in 2000, Target Stores has awarded more than $650,000 to Start Something scholarship winners. "We are thrilled-iibout the growth and development of Start Something, and with the addition of Start Something Part 2, teachers and group leaders can continue the positive momentum of the pro gram." said Laysha Ward, vice president of community relations. Target Corp. and Target Founda tion. "Reaching the 1 million mark is a testament to the program's strength, and Janette is a wonder ful example of Start Something's positive - and exponential - impact of the program." Teachers and youth group lead ers can obtain a ready-to-go cur riculum for use with groups by vis iting www.target.com. Kids can also join the free program by regis tering on www.target.com. Teachers and children can call I-H00-M6 6142 with questions on the Web site or program materials. Golf star Tiger Woods chats with 12-year-old Janette Saldana.
Winston-Salem Chronicle (Winston-Salem, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 17, 2003, edition 1
8
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75