Newspaper Page Text
6A
NOVEMBER 8, 2001
Business
Your vault or ours? The benefits
L)f keeping assets in “street name”
You have just bought 300
shares of a tip performing
technology stock. Your deci
)sion making, however, does
not stop here. Now you need
todecide whowill take physi
al possession of your stock
certificates. You have three
hoices: 1. The issuing com
!pany could mail the certifi
gcates toyou. You could then
lkeep them at home or, 2.
{Keep them in a safe deposit
‘box or, 3. Your brokerage
ifirm could hold them for you
iin “street name.”
{' Street name is the term
given to securities held in
ithe name of a brokerage
firm on behalfofa customer.
This does not mean, how
ever, that you have given
up ownership of your
stocks. Your ownership is
electronically recorded at
the firm viaacomputer file.
The confirmutions and
monthly statements you
receive serve as your writ
ten proofofownership, and
simplify keeping track of
what you own.
;oca-Gola company and College Fund bring
eal world lessons to college students
ATLANTA
The Coca-ColaCompany and
ihe College Fund are launch
igg ye 0.4 of nt?h ;
oundbm;’%ntern ?;’
d schMjp programthat
links the classroom to the
ork world, giving people of
cplor the tools they need to
cceed in corporate America.
The Coca-Cola Company and
e College Fund will kick off
the second year of their suc
ssful Corporate Intern Pro
%am, aninitiative that offers
0 students from diverseback
grounds (African American,
Asian American, Hispanic
American, American Indian
and other ethnic groups) who
are college sophomores, sum
mer internships and the op
portunity to earn an academic
scholarship. Students partici
pate in an eight to ten week
summer internship at The
Coca-ColaCompanyheadquar
ters in Atlanta. Guided by a
Coca-Cola manager and in
tern mentor, students have
the opportunity to work in
one of nine areas of the Com
pany:chemistry, communica
tipns, engineering, finance,
human resources,journalism,
information technology, mar
keting and business manage
ment.
‘ln addition to gaining real
work experience with a For
tune 100 corporation, each
student will earn $2,500
monthly internship stipend
and will be provided housing
and transportation. The stu
dents are also eligible to re
ceive a SIO,OOO scholarship at
the conclusion of each of their
summer internship assign
ments. After completing the
two-yearinternship program,
students*may bé considered
far full-time @nfployment with
the Company.: "<* “
+“We are very proud of the
success of the inaugural pro
gram.” Scme of the nation’s
brightest students interned
with usthis past summer and
the experiences and the con
tributions they made to our
company speaks volumes to
the potential this program has
to the future of our organiza
tipn," said Charlene Crusoe-
Ingram, vice president, Di
versity Strategy and Culture,
The Coca-Cola Company.
“Launching our 2002 program
is:a wonderful opportunity to
continue to reach additional
ohtstanding young people how
are interested in a future ca
reer at the world’s leading
iR
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Pl O
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Constance
9. Woods
Orinancial
Consultant
Potential computer glitches
at the turn of the new century
have prompted many investors
toquestion the safety of securi
ties held in street name at bro
kerage firms. You should, of
course, examine your state
ments carefully to be sure they
accurately reflect your hold
ings. You should also consider
the indisputable advantages of
holding securities in street
name:
Ease of Transfer and
Convenience
Holding securities in street
name allows shares tobetrans
ferred easily. If your stocks
were registered in your name
ratherthan thebrokeragefirm’s
5 w‘%, L 4
Lb e N
eU L P s P L
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!
William H. Gray (R), president and CEO of UNCF, poses
with Tanimu Nwaha of Manhattan College. Tanimu was
among the first class of students participating in the
Corporate Intern Program this past summer.
beverage company.”
“The Coca-Cola Company
has been a major supporter of
The College Fund, and we are
proud to be extending this
Corporate Intern Program
intoits second year,” said The
College Fund president and
CEO, William H. Gray 111. “It
give students of color a re
source by which they are able
togain thefinancial assistance
they need to attend college as
well as the work experience
thatis sovital totheir success
in the corporate world.”
The program was developed
as a strategic initiative for
The Coca-Cola Company to
recruit new employees from
universities and colleges that
have a more diverse student
population. The Companyhas
made a four-year/150-intern
commitment to The Corpo
rate Intern Program.
The 2001 class of Corporate
Interns participated in mean
ingful assignments that ex
posed them to various aspects
of the Company’s business.
The Coca-Cola Company has
been a corporate partner to
The College Fund for more
than 15 years, contributing
more than $1.6 million to the
organization.
The College Fund is the
nation’s oldest and most suc
cessful African-American
higher education assistance
organization. Its missionisto
enhance the quality of educa
tion by providing financial as
sistance todeservingstudents,
raising operating funds for 39
member colleges and univer
sities, and increasing access
to technology for students and
faculty. The College Fund
administers more than 450
scholarships and fellowships
AUGUSTAFOCUS
name, physical certificates
would need to be transferred.
For example, youwant tosell
your 300 shares of stock. Ifthe
securities were held in your
nameandyou had physical pos
session of the certificates, you
would have toretrievethesecu
rities, sign the back of each
certificate and deliver them to
an agent or broker on or before
settlement date (T+3). And, if
your stock splits, you would
have to go through the trouble
of physically returning the old
certificatesand havingnew ones
issued. Hoidingyour securities
instreet namecould help elimi
nate these annoyances.
Ease of Communication
If your portfolio contains
shares from several corpora
tions, and you use a single bro
kerage firm for all your trades,
you could receive all your com
munications from one central
source. All communications
from thesecompanies—annual
reports, proxy statements, no
tices, and the like—are sent
toan ethnically diverse group
of students and faculty who
attend member colleges and
universities, other historically
black colleges and universi
ties(HßCUs)and majorityin
stitutions throughout the
country. In its 57-year his
tory, The College Fund has
raised nearly $l.B billion to
promote higher education
achievement and has helped
more than 300,000 students
earn undergraduate and
graduate degrees.
The deadline to apply for
the Summer 2002 Coca-Cola
Corporate Intern Program is
Nov. 15, 2001. All applicants
must:
-Haveaminimum3.ograde
point average.
- Be a second-semester
sophomore majoringin chem
istry, engineering, finance,
human resources, informa
tion technology, journalism,
communications, marketing
or business management.
- Provide a recommenda
tionletter from afaculty mem
ber that details the student’s
talents, interests and aspira
tions.
-Submit a one-page written
personal statement of career
interest. :
- Provide a current under
graduate transcript.
- Attend a participating col
lege or university.
- Interview with The Coca-
Cola Company.
Completed applications,
with all supporting documen
tation, must be received by
Nov. 15, 2001. Submit appli
cation package to: The Col
lege Fund, ¢/o Program Ser
vices Department, 8260 Wil
low Oaks Corporate Drive,
P.O. Box 10444, Fairfax, VA
22031-4511.
directly to you from your bro
kerage firm.
Safety
Bank and home vaults may
be good places to keep the
family jewels, but not physi
cal certificates for the securi
ties you hold. Ifyou are like
most people, you may have,
on occasion, “misplaced”
some important documents.
If your stock certificates are
in your home, they could be
lost, or stolen. They could
even be destroyed in a fire or
other accident. It could take
several months for these cer
tificates to be reissued.
All things considered, the
benefits you enjoy when you
allow your securities to be
held in street name could be
considerable.
Constance Woods is a Fi
nancial Consultant with
Salomon Smith Barney. For
more information, contact
Constance L. Woods at (706)
823-8144 or
constance.l.woods@rssmb.com.
Approximately 350 colleges
and universities are partici
pating in the program. For
moreinformation, contact the
Financial Aid Office, Career
Placement Center or Depart
ment Chair at one of the par
ticipating schools. Informa
tion is also available at
www.coca-colaoncampus.com
and www.uncf.org or call The
College Fund at 1-866-671-
7937
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2256014 57.14 2356015 59.33
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2157015 57.14 2756015 66.81
TRUCK TIRES
| TRAILBLAZER HWY |
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TRUCK e TRACTOR ¢ BOAT TRAILER & RV TIRES
1854 GORDON HWY.
(1 ML WEST OF REGENCY MALL)
HRS: MON-FRI
8:30-5:30 SAT. 8:30-1
Baldwin Richardson Foods
—the secret ingredient in
Burger King’s shakes
A delicious, creamy, cold
vanilla, chocolate, or straw
berry shakeisone of America’s
favorite dessert treats. Andall
across America, these tempt
ing and delicious shake fla
vors compliment the menu se
lection at Burger King restau
rants nationwide. Chicago
based Baldwin Richardson
Foods Company is the sup
plier of shake syrup for Burger
King Corporation and is one of
the hamburger giant’s most
successful minority suppliers.
Under the leadership of Eric
Johnson, president and CEO,
Baldwin Richardson has en-
Jjoyed a successful supplier re
lationship with Burger King
Corporation that now boasts
threedistribution centerscar
rying the shake syrup for
Burger King restaurants.
The secrettothe shake syrup
formula won’t be listed in the
ingredients and nutritional
legend. The secret ingredient
can be found in the leadership
of Baldwin Richardson’s Eric
Johnson. A Chicago native,
Johnsonreceived anearly ‘edu
cation by example’ on leader
ship, business and entrepre
neurship from his father. He
grew up in the cosmetics busi
COMBINED PUBLIC HEARINGS
HOUSING AUTHORITY OF THE CITY OF AUGUSTA
The Housing Authority of the City of Augusta (AHA) will con
duct two Pu%lic Hearings on Tuesday, December 4, 2001 at 10
a.m. and 6 p.m. at Peabody Apartments, Community Room, 1425
Walton Way, Augusta, Georgia regarding the exemption of the
decaling of certain Augusta Housing Authority-owned vehicles
as required by O.C.G.A. 36-80-20 and the Draft 2002 Public
Hearing Agency Plan in accordance with the Quality Housing
and Work Responsibility Act of 1998 (QHWRA) and related U.S.
Department of Housing and Urban Development subsequent
notices.
Interested parties can review and obtain a copy of the Draft 2002
Public Housing Agency Plan by visiting AHA’s website at
www.augustaapha.org or upon request. For additional informa
tion, please contact Sirena Rogers, Director of Administration, at
724-5466 extension 12.
Jacob L. Oglesby, Executive Director
Housing Authority of the City of Augusta
| TIRE TOWN.
I';':f:.f 738-3374 ‘
ness. Eric Johnson is the son
of John Johnson, founder of
Chicago-based Johnson’s Cos
metics Company, the maker of
African-American hair care
and cosmetic products, widely
known for its popular brands
Ultra Sheen and Bantu hair
relaxers and cosmetics.
In 1992, he set out on his
owntohead Baldwin Ice Cream
Company. Making the transi
tion from cosmetics to food
wasnotadifficult one. “There
are many similaritiesbetween
theindustries,” Johnson said.
“Both use similar channels of
sales and distribution. The
only difference I have experi
enced in the food service busi
ness is that there tends to be
more involvement with the
customer.”
Baldwin Richardson Foods
company is one of the largest
minority-owned companiesin
the US. The company was
formedin 1997 when Baldwin
Ice Cream Company, based in
Chicago, Illinois, purchased
Richardson Foods Company,
locatedin Macedon, New York
from Quaker Oats. After the
successful merger, Baldwin
Richardson Foods experienced
a phenomenal 400 percent
growth in business overall.
BLACKWALLS-70 |
Size 60,000M1 SIZE 60,000 Mi ||
(RHW INCLUDED) (RHW INCLUDED)
165 SR 15 34.95 1857014 34.95
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BLACKWALLS - 65
Size 60,000 Mi Size 60,000 MI I
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1856515 43.00
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(RHW INCLUDED) (RHW INCLUDED)
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1955015 6048 2455016 766
BLACKWALLS -40-45
2154517 92.12 &
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