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September 16, 2002 - Image 1

Resource type:
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Publication:
The Michigan Daily, 2002-09-16

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Weather

Monday
September 1, 2002
©2002 The Michigan Daily
Ann Arbor, Michigan
Vol. CXIII, No. 10

One-hundred-eleven years of editorialfreedom

TODAY:
Sunny through-
out morning
and afternoon
with clear skies
at night and no
expected pre-
cipitation.

NHI77
LOW: 50
Tomorrow-
821S4

www.michigandaily.com

------- - --------------- - ---- --- - I MWARINFREFUM WIMMUNWIMMEM

Incident

echoes

By Maria Sprow
Daily Staff Reporter
A black male attempted to rob another
male on the second floor of the Church
Street parking structure Thursday afternoon,
according to a Department of Public Safety
crime alert.
The victim was approached in the parking
structure around 4:50 p.m. by the suspect,
who was described as being 18 to 23 years
old, standing six-foot-four and wearing a hat,
black skull cap, diamond earrings, a long-

sleeve white shirt and dark jeans.
The suspect claimed to have a gun and
asked the victim for his money but then
walked away.
Nothing was stolen and no gun was seen,
according to police reports. There was also
no physical altercation and the victim was
not harmed, DPS spokeswoman Diane
Brown said.
Normally, if a victim is approached by a
suspect claiming to have a gun, the victim
should comply with the suspect's requests,
Brown said.

"One would believe that you can always
replace property, but if you made the person
mad and they chose to shoot you, it would be
much more difficult to heal from an injury.
You can always replace money," she said,
adding that most criminals with guns are not
looking to injure anybody.
"Unless they are hardened criminals, they
are usually just looking for money or some-
thing to feed their drug habit," she added.
Brown said she could not comment about
why the suspect walked away without taking
anything.

uly ro
"It's a very odd situation," she added.
She could not comment about whether the
altercation involved drugs but said that to her
knowledge, the victim and suspect did not
know each other.
This is not the first robbery to take place
in the Church Street parking structure.
An armed robbery occurred there July 28,
when two victims were robbed by two sus-
pects, also on the structure's second level.
One of the suspects possessed a handgun and
they both fled on foot after the robbery.
Those suspects were described as being

1

bbery
black males. One was about five-feet-ten, 19
to 20 years old, 160 pounds, wearing a red
bandanna and a red shirt. The suspect carry-
ing the handgun was described as being
about six-foot-one, 19 to 20 years old and
stocky. He was also wearing a black skull
cap.
Brown said the victims and suspects in that
robbery "had the potential to know each
other."
It is unknown if the suspect from Thurs-
day's incident is linked with any other recent
See INCIDENT, Page 7A

Dinorama

Indictment in
Tyco scandal
passes quietly

By Shabina S. Khatri
Daily Staff Reporter

7

Seven-year-old Duane London of Bay City, Mich., examines up-close a pre-historic display atI
Science Museum yesterday.

IUNY UINuUaily
the University's Natural

Students abroad find

comfort in

distance

Unlike other major corporations that have
faced corruption crises this past year, Thurs-
day's indictment of former Tyco International
chief executive officer Dennis Kozlowski and
former chief financial officer Mark Swartz on
charges of corruption, conspiracy and grand
larceny sent nary a ripple through Wall Street.
According to the indictment, Kozlowski
and Swartz have stolen more than $170 mil-
lion from Tyco and obtained more than $430
million by fraud through sales of securities
since 1995.
Tyco, which operates in more than 100
countries and employs more than 250,000
people, absorbed Thursday's news calmly. In
addition, Tyco's stock, down 70 percent from
its 52-week high, has actually been on the
rise since the appointment of Edward Breen
as the new CEO in July.
Eric Lundberg, the University's chief
investment officer, said the University recent-
ly purchased Tyco stock because "it was a
good investment." Lundberg also said unlike
Enron and WorldCom, the crisis did not send
Tyco's stock price plummeting for several
reasons, including market expectations.
"A lot of the damage was already done, so
(the indictment) didn't come as a surprise.
The new governing structure fired the people
who were indicted and replaced the manage-
ment," he said.
"The bad news associated with the people
has come to light and the stock price has
adjusted tremendously."
Lundberg also said executives in the differ-
ent corporations had various incentives to
cheat.
"There is a difference in the nature of these
scandals. (WorldCom and Enron officials)
lied to make the company looks better than it

did. Tyco executives lied and cheated and
inflated earnings to benefit themselves," he
said.
"WorldCom wasn't nearly as profitable as
the management led on so the stock price
should be less. That's why Tyco's a little dif-
ferent."
Business School graduate student Vijay
Raghavendra, who works in Tyco's Global
Automotive Division, said the news of the
indictment has caused mixed feelings among
the company's employees, but business had
quickly returned to normal.
"The (charges) have certainly provided a
field for gossip. Employees were very disap-
pointed about how Kozlowski and his team
hijacked everything ... but I really don't see
much of a difference," he said.
Though the indictment did not significantly
affect last week's stock prices, Lundberg said
the recent media attention on corrupt corpo-
rate executives has caused many companies to
"go back and look at their auditors."
The recent flurry of scandal in the business
world has also forced company boards, the
government and regulatory groups such as the
Securities and Exchange Commission to pass
stricter measures against fraud.
"In a sense it's good this is coming to light.
I believe that most people are good. They.
want to do a good job. They don't want to be
tainted by someone who's gone crazy," Lund-
berg said. "The system works. They can't run
their corporations like their own personal
businesses. They have responsibilities. That's
the message."
In Tyco's case, Raghavendra said, that mes-
sage has been heard loud and clear.
"Successful companies provide value for
their consumers, and those executives were
(too busy) trying to make their number (tar-
gets) by hook or crook to deliver, he said.
"They lost sight of the goal."

By Leslie Ward
Daily Staff Reporter
AIX-EN-PROVENCE, France - As the
University of Michigan and the nation as a
whole gathered together to commemorate the
first anniversary of Sept. 11, many students
experienced the day in a unique way.
Away from family and friends, students
studying abroad spent the anniversary of the
attacks in a different manner than other
Americans.
"I felt that a lot of the time during the day I
forgot it was ever September 11, and I felt
really bad about that," said LSA junior Chu-
Cox plans
to make

Min Lee, who is studying in Aix-en-Provence,
France this year. "It wasn't observed very
much in the town
... it just wasn't as
commemorated."
But many stu-
dents welcomed the
'distance that being
,zabroad afforded
them.
"Ihthought it was
nice being here
because you got some distance. It was a lot
easier to deal with because you didn't have to
see everyone grieving," LSA junior Jessica

Leung said.
"In many ways I wish I would have been
home, but at the same time you could kind of
relax. It was easier to just treat it as a normal
day," LSA junior Ethan Sterling said.
Although foreign news media gave much
attention to the anniversary (the French
newspaper Le Monde included a special seg-
ment directly from the New York Times), the
only event in Aix available to students was a
mass held at a local cathedral which drew
650 people.
Many of the students in Aix were glad to
have had the chance to discuss the events of
See ABROAD, Page 7A

Diversity a concern
for LHSP members
By Jeremy Berkowitz
Daily Staff Reporter

crime top
priority
By Jordan Schrader
Daily Staff Reporter

JACKSON - An effort to curb
violent crime in Michigan tops the
agenda of Attorney General hopeful
Mike Cox.
Cox laid out his
plan for fighting
crime at a Friday
press conference in
Jackson.
The Livonia
Republican leads
the homicide divi-
sion of the Wayne
County's prosecu-
tor's office and Cox
hopes to put his experience in putting
criminals behind bars to work as the
state's top lawyer.
The Attorney General's office puts
most of its energv into protecting con-

Ann Arbor resident Brian Reed makes a cup of espresso at Cafe Ambrosa on
Maynard Street last night.
Caffieine may
harm health

Former Lloyd Hall Scholars Program Resident Fellow
Lani Pascual's disappointment with the direction of the
program finally reached a point where she had to speak
out when she heard about the LSA dean's office July
decision to eliminate the Resident Fellow position after
this academic year.
Resident Fellows are graduate students who live in Alice
Lloyd Residence Hall with LHSP students and teach classes
within the program.
"The decision was made without any input from stu-
dents," Pascual said. "It's kind of like building a menu and
seeing if people will come, instead of asking people what
they want."
Pascual, along with a group of former and present mem-
bers of the LHSP community wrote a proposal, pointing out
a lack of diversity and student leadership, among other
things. She said one of the biggest problems of LHSP since
its inception in 1962 has been its lack of direction.
"It has no institutional memory of itself," Pascual said,
adding that it has always been a problem to draw up a plan
for the program. "With each new administration, these ideas
kind of get pushed on the wayside."

By Lauren Hodge
For The Daily
Though smoking and drug abuse are
common addictions, those who con-
sume large amounts of caffeine may
also suffer from harmful repercussions
down the line, a recent study found.

stomach cramps and increased muscle
tension. Some of the more serious
symptoms include depression, diar-
rhea, sleep deprivation and an increase
in blood pressure, according to a study
conducted by the McKinley Health
Center at the University of Illinois.
LSA senior Kim Love admits to

I

TONY DING/Daily

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