| | Business Summary | | Champion
International
Corporation
manufactures
paper
for
business
communications,
commercial
printing
and
publications.
In
addition,
the
Company
has
significant
pulp,
plywood,
lumber
and
wood
chip
manufacturing
operations,
and
owns
or
controls
approximately
five
million
acres
of
timberlands
in
the
United
States.
The
Company
also
owns
or
controls
various
mineral,
oil
and
gas
rights
with
respect
to
approximately
half
of
the
timberlands
owned
or
controlled
by
the
Company
in
the
United
States,
and
has
oil
and
gas
interests
in
fields
located
in
Florida,
Alabama,
Texas,
Louisiana
and
Mississippi.
The
Company
manufactures
uncoated
free
sheet
papers,
pulp,
coated
free
sheet
papers,
coated
ground
wood
papers,
linerboard,
kraft
paper
and
other
products
used
for
a
variety
of
applications
ranging
from
printing
paper
to
catalogs
to
grocery
bags.
Through
Nationwide
Papers,
the
Company
distributes
paper,
paper
products
and
industrial
products. | | Financial Summary | | CHA
is
a
domestic
manufacturer
of
paper
for
business
communications,
commercial
printing,
publications,
and
newspapers.
CHA
also
produces
pulp,
plywood
and
lumber.
For
the
nine
months
ended
9/30/99,
revenues
decreased
9%
to
$3.92
billion.
Net
income
before
extraordinary
item
increased
92%
to
$158.3
million.
Revenues
reflect
lower
prices
for
most
of
the
Company's
pulp
and
paper
grades.
Net
income
reflects
the
inclusion
of
a
higher
foreign
currency
transaction
gain. Recent Earnings Announcement For
the
3
months
ended
12/31/1999,
revenues
were
1,348,000;
after
tax
earnings
were
79,000. (Preliminary; reported in thousands of dollars.) | | | | FY1998 Pay | |
| Richard Olson, 61 Chairman
of Directors and CEO | $1.6M | Kenwood Nichols, 59 Vice
Chairman and Exec. Officer | 1.2M | L. Barnard, 56 Exec.
VP | 742K | Mark Childers, 46 Exec.
VP | -- | Thomas Griffin, 56 Exec.
VP | 516K | | Dollar
amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
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