4

MONTH“CD

•

Attorney
Kenneth C. Gold
of West
Bloomfield served
as part of a panel
discussion before
the Society of
Professional
Journalists as part
of the organiza-
Kenneth Gold
tion's regional
conference. Gold
is a partner in the environmental law
department of the Detroit law firm of
Honigman, Miller, Schwartz and
Cohn.

'Monica Tama of
Farmington Hills
has been named
communications
coordinator at
General Sports
and
Entertainment, a
Rochester-based
sports marketing
Monica Tama
and management
company. She
will assist General
Sports in the development and imple-
mentation of the Event Management
and Hospitality Division.

WITH RATES THIS BIG WHO NEEDS A
GIMMICKY HEADLINE?

Visit our brand new headquarters and branch in Farmington Hills,
or call 1 800 421 Bank to discover the bank where personal service
and BIG RATES are Paramount.

-

-

BRANCH
1732 West Maple Road
Birmingham, MI 48009
(248) 723-4800
FAX (248) 723-4848
HOURS: MON.-FRI. 9-6, SAT. 9-12

MAIN OFFICE / BRANCH
31000 Northwestern Hwy.
Farmington Hills, MI 48334

(248) 538-7600
FAX (248) 538-7580

HOURS: MON.-FRI.

9-6,

BANK UNT
P Your Hometown
Bank

FDIC

INSURED

Bain Capital
Buys Broder Bros.

-

.

*Annual Percentage Yield for balances of 5500 minimum.
**Annual Percentage Yield for balances of 52,500 minimum.

Bain Capital Inc., a private equity
investment firm, has purchased a
majority interest in Broder Bros., the
industry leader in wholesale distribu-
tion of imprintable sportswear.
Vincent J. Tyra, former president
of Fruit of the Loom Inc., has been
appointed to the CEO post at Broder;
former Broder Executive Vice
President Todd Turkin has been
named president and chief operating
officer.
Headquartered in Plymouth,
:'Broder Bros. has six distribution
:;centers throughout the United
'::States. Harold Brode, former CEO,
and his son, Michael Brode, former
!'president, controlled the privately
held business.
Broder Bros. began as a dry goods
and haberdashery distributor in 1919.
In 1955, Jack Brode bought the busi-
ness. He, in turn, passed the company
to his son Harold and his grandson
Michael, who guided the company
into the imprintable sportswear
industry.

-

Maxie Collision, Inc.

*hlivemi Jim Fleischer — Since 1987"

"

ktgi
a IN

5/19

2000

78

32581 Northwestern Highway, Farmington Hills, MI 48334

248 - 737 - 7122

U.S. Firms Plan
Holocaust Fund

York/JTA --- The drive to pro-
vide compensation to Holocaust-era
victims has reached American shores.
And those being asked to put up
the funds are some of America's
Coca-Cola,
largest corporations
Colgate Palmolive, Eastman Kodak
and IBM.
While few U.S. companies have
admitted to charges that their over-
seas subsidiaries profited under the
Nazi regime, a barrage of such charges
has led to the creation of a U.S. fund
for wartime slave and forced laborers.
While it is too early to tell how
many American firms will join the
fund, there appears ample motivation
for them to do so.
U.S. firms who contribute will be
"expecting a general closure," said the
executive director of the World Jewish
Congress, Elan Steinberg, noting that
the contributions would mean an end
to several threats now looming over the
companies — including sanctions, boy-
cotts, lawsuits and image problems.
But at least one lawyer who has filed
class-action lawsuits on behalf of
Holocaust victims is threatening to pro-
ceed with court cases if the companies
do not agree to contribute soon.
The U.S. initiative to create the
fund grew out of negotiations aimed
at creating a similar German fund for
slave and forced laborers, according to
sources familiar with the talks.
During those talks, "there were
concerns about U.S. subsidiaries that
benefited from such labor," said
Gideon Taylor, executive vice presi-
dent of the Claims Conference, which
was among the groups negotiating on
behalf of the laborers.
The slave laborers were concentra-
tion camp prisoners, most of them
Jewish, whom the Nazis sought to
work to death. The forced laborers,
imported from Eastern European
nations to free up Germans to serve
in the army, worked under better
conditions than the slave laborers.
Under the terms of the German
deal, some 240,000 slave laborers —
about 140,000 are Jewish — will
receive up to $7,500 each. More than
1 million forced laborers — most of
them not Jewish — will get up to
$2,500 each.
Discussions with U.S. firms
moved to front stage" after the con-
clusion of the negotiations with
Germany, said Taylor. ❑

New

"

1