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 |
|