Wednesday, Sept. 6, 2006 - The Michigan Daily - 3
The artwork of Gregory Bars-
amian, a New York-based sculptor,
will be on display today at 1301 S.
University Ave. His work explores
the subconscious state of mind and
portrays dreamlike experiences in
three-dimensional mediums. The
convention center is open from
10 to 6 p.m., and $5 donations are
Hillel to hold
Hillel will hold an open house
today from 6 to 10 p.m. at their
building at 1429 Hill St. Hillel
accommodates more than 25 stu-
dent organizations and presents per-
forming artists, concerts, classes,
symposia and Jewish religious ser-
vices. The open house will offer
free food and information about the
group's organization's activities.
to mass meeting
The Indian American Student
Association invites students to attend
a mass meeting tonight from 7:30
to 9 p.m. in the Michigan Union
Ballroom. The event will include a
rundown of the many cultural and
educational events planned for this
Hospital security guards
encountered a trespasser near the
main entrance of the University
Hospital yesterday, the Depart-
ment of Public Safety reported.
After police told him to leave, he
returned several times to different
parts of the hospital before even-
tually leaving the building.
tribute to J.T.
Someone scribbled "Bring-
ing sexy back" in marker on the
round floor of the East Quad
Residence Hall, DPS reported.
T, egraffiti was removed.
Wallet lifted from
A student's wallet was stolen
from the laundry room in Bursley
Residence Hall yesterday, DPS
In 'U' History
'U' gets new
Bill Ford cedes
CEO position to
New CEO was extensive turnaround experience,
who was a leader and a real team
credited with Boeing's builder," Bill Ford said during an
recent turnaround afternoon news conference.
He called Mulally "ideally suit-
DEARBORN (AP) - Bill Ford, ed" for the job.
who struggled for five years to "He understands how tough
steer Ford Motor Co. toward finan- a turnaround can be before the
cial stability, has stepped down as results start to flow, and the neces-
chief executive of the company sity of keeping the team together
founded by his great grandfather and in focus," Ford said.
and is being replaced by top Boe- Mulally, who has spent 37 years
ing executive Alan Mulally. at Boeing, said he looked forward
Ford will remain as executive to applying lessons learned at
chairman, the company said yes- Boeing to Ford.
terday in a surprise announce- While acknowledging he is not
ment. an auto person,
The change Mulally said:
comes more than "I personally "I'm certainly a
seven months product design-
into a restructur- think we er and t care
ing, which is the deeply about
second under absolutely having a viable
Bill Ford's watch business."
and has so far can if we pull He said that
failed to revive toether" some people
the nation's No. 2 believe the U.S.
automaker. Under can't compete
the first plan, Ford - Alan Mulally, with the rest
closed five plants Ford's new CEO, on of the world in
and cut 35,000 whether American cars manufacturing,
jobs, but its . adding: "I per-
North American can compete in the sonally think
operations failed global marketplace we absolutely
to turn around. can if we pull
The latest plan, together."
announced in January, would cut Dearborn-based Ford, which
up to 30,000 jobs and close 14 lost $1.4 billion in the first half of
facilities by 2012. 2006, pledged in July to speed up
Bill Ford said it was time for the restructuring. At the time, Bill
someone with experience in turn- Ford said the company had been
ing around a troubled company, caught off guard by the speed of
tacitly acknowledging his own the consumer shift away from
efforts were falling short. The pickups and SUVs to more fuel-
company's stock price has fallen efficient vehicles - a shift that
almost 40 percent since he became has largely benefited Asian auto-
CEO, and its share of the U.S. and makers at the expense of domestic
global car market continues to companies.
drop. Bruce Clark, lead auto analyst
Mulally, 61, was widely praised at Moody's Investors Service, said
for being a key architect of the Mulally faces a "daunting task in
resurgence of Boeing Co.'s com- attempting to reshape Ford's oper-
mercial airplanes unit over the ating model" as demand shifts
past couple of years. He was a top rapidly away from trucks.
candidate for the Boeing CEO job "However, he comes to the com-
last year, but the company went pany with a strong background in
outside instead to select aerospace engineering, manufacturing and
veteran Jim McNerney, then the product development," Clark said
3M Co. chief executive, in a statement."We think that this
Boeing yesterday named Scott will be a valuable skill set as he
Carson to replace Mulally as pres- fills the CEO position at Ford."
ident of its commercial airplanes "It just shows you how tough
unit. Carson, 60, had been vice things have gotten at Ford," said
president of sales for the Seattle- George Magliano, an auto ana-
based division and is a 34-year lyst at consulting company Global
veteran of the company. Insight. He said the biggest task
Bill Ford said he began talking facing Ford is to reshape its prod-
with Mulally in July, which sug- uct strategy to cope with high gas
gested the chan e was something prices and said Mulally should
he had some ti e to plan instead bring in a new product guru.
of it being abruptly forced on "I think the feeling was they
him. Ford is the great-grandson of needed to show the financial com-
company founder Henry Ford, and munity and the rest of the industry
his family still owns a 40 percent that they're ready to make sweep-
voting stake in the company. Any ing changes," Magliano said.
leadersip pla Wotld require its Bill Ford said he would con-
assent. tinue to be highly involved in the
Ford, 49, has served as CEO company as executive chairman.
since October 2001 and been He said the "executive" in the title
chairman since 1999. He owns reflected the active role he would
more than 10 million shares that take.
have a market value of more than "I'm not going anywhere," the
$70 million. The Princeton-edu- Ford said. "I was born with the
cated vegetarian and environmen- Ford Motor Company and I'll die
talist took control of the company with the Ford Motor Company.
when it was mired in losses and Ford shares rose 12 cents to close
plagued by eroding sales, ques- at $8.39 in trading on the New York
tions about vehicle quality and the StockfExchangebeforetheannounce-
Firestone tire crisis. ment. Its shares rose another 39 cents
"We needed somebody who had to $8.78 in after-hours trading.
House finalizes deal on
OT, minimum wage
Minimum wage for employees
under 18 would be a dollar less
than other employees'
LANSING (AP) - Michigan will have a
youth-specific minimum wage when the rates
rise in October.
The state's current minimum wage is $5.15 an
hour. It would rise to $6.95 for most workers next
month, but employees under 18 would get $5.91
an hour under a bill that got final approval from
the Legislature yesterday.
The House passed the bill by a 92-14 vote. The
Senate passed the bill last week. The legislation
is headed to Gov. Jennifer Granholm, who sup-
ports the deal.
Both minimum wages are set to rise again in
2007 and 2008.
The House yesterday also wrapped up other
parts of a package designed at keeping the status
quo for overtime eligibility in Michigan while
raising the minimum wage.
Legislation passed by a 103-3 vote would pro-
vide a state tax credit for low-income workers.
The legislation, which also is headed toward Gra-
nholm's approval, would allow a state earned-
income tax credit on top of the existing federal
credit. The credit would start at 10 percent in
2008 and rise to 20 percent in 2009.
In 2004, about 663,000 families with incomes
below $35,458. received er, checks
for earned income tax credits, averaging $1,764.
Based on those numbers, families would get a
refund check from the state for just above $350
on average once the tax credit rises to 20 per-
The agreement also will keep salespeople,
truckers and many other types of workers ineligi-
ble for overtime pay. Both the Senate and House
passed the legislation restoring the status quo on
OT eligibility last week.
Fourteen House members, all Democrats, voted
against the youth minimum wage bill. They were
Frank Accavitti of Eastpointe, Glenn Anderson of
Westland, Doug Bennett of Muskegon, Steve Bieda
of Warren, Matt Gillard of Alpena, John Gleason
of Flushing, Alexander Lipsey of Kalamazoo, Bill
McConico of Detroit, Andy Meisner of Ferndale,
Fred Miller of Mount Clemens, Alma Wheeler Smith
of Ypsilanti, Carl Williams of Saginaw, Lisa Wojno
of Warren and Paula Zelenko of Burton.
Some Democrats were not in favor of having a
separate minimum wage for young workers.
Three Republicans - Leon Drolet of Macomb
County's Clinton Township, Bob Gosselin of Troy
and Chris Ward of Brighton - voted against the
earned income tax bill.
Shelley Taub, a Republican from Bloomfield
Hills, did not vote on either bill.
re pr.s.ation university unions-
in affirmative almost Bs good as
Sept. 6, 2002 - The Univer-
sity chose Maureen Mahoney as
its defense attorney in the case
against the law school's use of
race in admissions. Mahoney
has won 10 of the 11 cases she[I
has argued in front of the U.S. M University
Supreme Court.'- Unives
Mahoney will join John Pay-
ton as lead co-counsel repre-
senting the University. Law
School Dean Jeffrey Lehman "I love
chose Mahoney above the other BIGWORD5.coml
applicants interviewed because This is mY 2nd
of her prior experience with the
Supreme Court. semester using it and
"She's a very experienced once again I saved
Supreme Court litigator and is OVET $200 on mY boc
widely respected in the legal
field," University General Coun-
sel Marvin Krislov said. "We Jobanna from
think she will add some strength University Of
to our team." Michigan
Mahoney has worked for the
Washington firm Latham and
Watkins for more than 20 years.
University spokeswoman Julie
Peterson said Mahoney was
hired solely as preparation for
the case and not in anticipation
of the Supreme Court taking the
"We're trying to do all the
things to make sure we're pre-
pared," Peterson said. protecting the universe
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