Profile of Longview Fibre

compiled by George Draffan

www.endgame.org

June 21, 2000

 

Corporate Headquarters

300 Fibre Way

PO Box 639

Longview WA 98632-7411

Telephone: 360-425-1550

Number of employees: 3,650

Land owned: 570,993 acres

 

Financial summary

Year

Sales

Net Income

1999

774,349,000

19,984,000

1998

753,244,000

-6,652,000

1997

772,845,000

12,694,000

1996

822,722,000

56,364,000

1995

985,515,000

76,039,000

 

1997-1999 Finances by product

Year

1999

1998

1997

Sales

Timber

$170,992,000

$166,037

$186,814

Paper and paperboard

226,330,000

193,154

196,192

Converted products

377,027,000

394,053

389,839

Total

774,349,000

753,244

772,845

Income (Loss)

Timber

83,207,000

74,470

101,740

Paper and paperboard

(4,114,000)

(13,009)

(5,143)

Converted products

(11,485,000)

(39,870)

(49,196)

 

Taxes paid (or tax benefits received)

Year

1999

1998

1997

Federal

$121,000

$(7,925,000)

$(1,293,000)

State

69,000

(578,000)

(22,000)

Total paid (received)

190,000

(8,503,000)

(1,315,000)

 

 

OFFICERS (NAME/AGE/TITLE/REMUNERATION): (SOURCE: 10K)

ARKELL, ROBERT B./ 68/ VICE PRESIDENT, LEGAL COUNSEL (PRX 12-15-1999) / NA

BOWDEN, DAVID L./ 64/ SENIOR VICE PRESIDENT, DIRECTOR (PRX 12-15-1999) /$204,048

HOLBROOK, LISA J./ 44/ SENIOR VICE PRESIDENT, SECRETARY, DIRECTOR (PRX 12-15-1999) / NA

PARKER, RICHARD J./ 51/ SENIOR VICE PRESIDENT, DIRECTOR (PRX 12-15-1999) /$194,173

STIBICH, DONALD C./ 68/ SENIOR VICE PRESIDENT, DIRECTOR (PRX 12-15-1999) /$189,705

WERTHEIMER, ROBERT E./ 71/ EXECUTIVE VICE PRESIDENT, DIRECTOR (PRX 12-15-1999) / $266,299

WOLLENBERG, RICHARD P./ 84/ CHAIRMAN OF THE BOARD, PRESIDENT, CHIEF EXECUTIVE OFFICER (PRX 12-15-1999) / $472,564

WOLLENBERG, RICHARD H./ 46/ SENIOR VICE PRESIDENT, DIRECTOR / NA

 

DIRECTORS (NAME/AGE/TITLE/REMUNERATION): (SOURCE: PROXY 12/15/1999)

ARKELL, ROBERT B./ 68/ VICE PRESIDENT, DIRECTOR (10-Q 01-31-2000) / NA

BOWDEN, DAVID L./ 64/ SENIOR VICE PRESIDENT (10-Q 01-31-2000) / $204,048

DOW, M. ALEXIS/ 50/ DIRECTOR (10-Q 01-31-2000) / NA

HOLBROOK, LISA J./ 44/ SENIOR VICE PRESIDENT, SECRETARY, DIRECTOR (10-Q 01-31-2000) / NA

KRETCHMER, JOHN R./ 41/ DIRECTOR (10-Q 01-31-2000) / NA

PARKER, RICHARD J./ 51/ SENIOR VICE PRESIDENT (10-Q 01-31-2000) / $194,173

STIBICH, DONALD C./ 68/ SENIOR VICE PRESIDENT, DIRECTOR (10-Q 01-31-2000) /$189,705

WERTHEIMER, ROBERT E./ 71/ EXECUTIVE VICE PRESIDENT, DIRECTOR (10-Q 01-31-2000) / $266,299

WOLLENBERG, DAVID A./ 52/ DIRECTOR (10-Q 01-31-2000) / NA

WOLLENBERG, RICHARD H./ 46/ SENIOR VICE PRESIDENT, DIRECTOR (10-Q 01-31-2000) / $474,510

WOLLENBERG, RICHARD P./ 84/ CHAIRMAN OF THE BOARD, PRESIDENT, CHIEF EXECUTIVE OFFICER (10-Q 01-31-2000) / $472,564

 

Shareholders

CURRENT OUTSTANDING SHARES: 51,676,567

SHARES HELD BY INSIDERS (OFFICERS & DIRECTORS): 5,340,219NUMBER OF SHAREHOLDERS: 13,000

Shareholders

Shares held

Percent of total stock

INSTITUTIONS

24,456,000

47.32

5% OWNERS

6,461,000

12.50

ROBERT E. WERTHEIMER holds 6.80%

PRUDENTIAL INSURANCE COMPANY OF AMERICA holds 5.70%

INSIDERS

2,199,000

4.25

Institutional Shareholders as of December 31, 1999

 

SHARES HELD

PRUDENTIAL INSUR CO OF AMERI

2,941,350

BARCLAYS BANK PLC

1,564,414

DIMENSIONAL FD ADVISORS, INC

1,403,500

CRABBE HUSON GROUP, INC.

1,330,379

WILMINGTON TRUST COMPANY

943,200

SCHNEIDER CAPITAL MGMT, LP

724,600

COLUMBUS CIRCLE INVESTORS

541,500

COLUMBIA FUNDS MGMT CO

465,000

TAUNUS CORPORATION

429,464

NEW YORK STATE COMMON RET FD

339,900

LOCKHEED MARTIN INVT MGMT CO

330,000

TOCQUEVILLE ASSET MGMT L.P.

271,500

AELTUS INVESTMENT MGMT, INC.

268,200

TRINITY I FUND, L.P.

267,700

MELLON PRIVATE ASSET MGMT

247,013

U S BANCORP

2,154,511

BANK OF AMERICA CORPORATION

210,845

MAZAMA CAPITAL MGMT LLC

210,750

CALIFORNIA STATE TEACH RETIR

176,428

FIRSTAR INV RESEARCH & MGMT

150,441

PIONEER INVESTMENT MGMT INC.

1,500,000

LYON STR ASSET MGMT CO

110,700

CITIGROUP INVESTMENTS INC.

103,510

NWQ INVESTMENT MANAGEMENT CO

103,063

NORTHERN TRUST COMPANY OF CT

85,700

VAN DEVENTER & HOCH

70,265

PUBLIC EMP' RETIREMENT ASSN

69,500

BNP/COOPER NEFF, INC.

62,796

NATIONAL CITY BK OF CLEVELAN

60,950

WORLD ASSET MANAGEMENT

60,428

EATON, VANCE MANAGEMENT, INC

571,000

FLEET BOSTON CORPORATION

540,600

BANK ONE CORPORATION

54,058

INVESTORS TRUST COMPANY

52,000

AXA FINANCIAL, INC.

467,906

STATE TEACH RETIREMENT SYS O

44,800

LUTHER KING CAPITAL MANAGEME

444,150

COLUMBIA MANAGEMENT COMPANY

429,600

VANGUARD GROUP

422,270

CALIFORNIA PUBLIC EMP RET SY

410,600

STATE STR BK & TRUST CO BOST

388,070

SOCIAETAE GAENAERALE ASSET M

365,000

MERRILL LYNCH CAPITAL MARKET

33,435

COLLEGE RETIRE EQUITIES

330,800

ROYCE & ASSOCIATES, INC.

227,500

MCCULLOUGH ANDREWS&CAPPIELLO

223,524

NORTHERN TRUST COMPANY

211,345

MSDW ADVR INC.

18,301

UNITED STATES TRUST CO OF NY

181,800

GEEWAX, TERKER & COMPANY

16,900

MARVIN & PALMER ASSOC, INC.

168,800

GRANTHAM MAYO VAN OTTERLOO&C

16,800

BATTERYMARCH FINL MGMT, INC.

149,500

LEE, DANNER & BASS, INC.

12,500

FERGUSON WELLMAN RUDD PURDY&

122,210

FEDERATED INVESTORS INC

11,800

HARVARD COLLEGE

11,600

TEACHER RETIREMENT SYS OF TX

108,200

PAINEWEBBER GROUP INC

10,773

INGALLS & SNYDER LLC

103,800

M & I INVESTMENT MGMT CORP.

88,762

CHARLES SCHWAB INVESTMENT MG

85,000

OHIO PUBLIC EMP RETIREMENT S

73,200

WELLS FARGO & COMPANY

68,820

AMERICAN GENERAL CORPORATION

63,139

SIRIOS CAPITAL MANAGEMENT LP

61,050

CREDIT SUISSE FIRST BOSTON C

59,100

GOLDMAN SACHS AND COMPANY

5,300

GENERAL MOTORS INVT MGMT COR

50,400

PEOPLE'S BANK

48,500

UNIONBANCAL

4,750

BECKER CAPITAL MGMT, INC.

46,000

AMERICAN INTL GROUP INC

4,500

RIGHTIME ECONOMETRICS INC.

4,052

COMERICA INC

39,028

NICHOLAS-APPLEGATE CAP MGMT

38,900

FIDELITY MGMT & RESEARCH CO

3,700

TRAINER WORTHAM & CO, INC.

36,425

FRANK RUSSELL COMPANY

3,500

RAGEN MACKENZIE, INC.

34,936

MERRILL LYNCH ASSET MGMT INC

34,674

MICHIGAN DEPT OF TREASURY

28,490

SMITH ASSET MGMT GROUP, L.P.

2,700

LORING WOLCOTT&COOLIDGE FIDU

2,400

BANK OF NEW YORK

21,800

LATEEF MANAGEMENT ASSOCIATES

20,600

LOOMIS, SAYLES & COMPANY, L.

20,000

OLD KENT BANK (MI)

2,000

LEHMAN BROTHERS

19,200

BANKMONT FINANCIAL CORP

17,215

TEACHERS ADVR INC

1,700

GOUWS CAPITAL MANAGEMENT, IN

16,685

THOMPSON/RUBINSTEIN INV MGMT

16,340

STEIN ROE & FARNHAM, INC.

15,925

AMERICAN CENT COS

15,000

NOMURA SECURITIES CO., LTD.

1,456

ADVANCED INVESTMENT MGMT L.P

1,387

HARTFORD INVT MGMT CO, INC.

12,787

FROST NATIONAL BANK

10,500

AMERICAN EXPRESS FINL ADVR

726

OPPENHEIMERFUNDS INC.

7,000

SOUTHWEST GUARANTY TR CO, N.

102

CAPITAL GUARDIAN TRUST COMPA

103

BEAR, STEARNS & CO. INC.

600

NORTHWESTERN MUTUAL INVT

4,900

ADVANTUS CAPITAL MANAGEMENT

2,900

NEW YORK LIFE INSURANCE CO

2,737

MUTUAL AMER CAPITAL MGMT COR

108

FIRST QUADRANT L.P.

800

WILSHIRE ASSOC INC

200

Total shares held by institutions

24,455,530

5% BENEFICIAL OWNERSHIP

(shares held for unknown second party)

Name

Shares held

As of

PRUDENTIAL INS CO OF AMERICA

2,949,950

12/31/1999

SEC Form 13G

ROBERT E WERTHEIMER

3,510,974

01/28/1993

SEC Form 13D

TOTAL OF 2 OWNERS

6,460,924

 

Insider Ownership

Name

Relationship

Shares held

As of

RICHARD P WOLLENBERG

CB

870,065

09/1999

ROBERT E WERTHEIMER

director

857,215

02/1999

RICHARD H WOLLENBERG

OX

264,900

11/1999

DAVID A WOLLENBERG

director

195,235

03/1999

DAVID L BOWDEN

VP

6,722

02/1999

JOHN R KRETCHMER

director

4,000

09/1999

RICHARD J PARKER

director

810

11/1998

 

TOTAL OF 7 INSIDERS

2,198,947