Document GKD7V8dRNgG35z1j9vOog19YY

J 3023 MEETING OF THE BOARD OF DIRECTORS OF CORNING GLASS WORKS o go The Directors of Corning Glass Works convened at nine-fifteen o'clock in the forenoon on Wednesday, December 5, 1973, at the offices of the Corporation, 717 Fifth Avenue, New York, New York, pursuant to written notice mailed to all Directors on November 15 1973 in the form prefixed hereto. There were `present: William H. Armistead Francis H. Burr Paul T. Clark John B. Coburn Allen W. Dawson William C. Decker Henry H. Fowler Amory Houghton Amory Houghton, Jr. Arthur A. Houghton, Jr. James R. Houghton Thomas C. MacAvoy Robert D. Murphy Edward L. Palmer Donald S. Perkins Robert G. Stone, Jr. R. Lee Waterman \ being all of the Directors of the Corporation. * .There were also present: Charles D. LaFollette, Director Emeritus Oakes Ames, Vice President and Controller Van C. Campbell, Vice President and Treasurer Fredrick M. Eaton, Esq. of Shearman & Sterling-' Mr. Amory Houghton, Jr., Chairman of the Board, called the meet ing to order and presided. Mr. William C. Ughetta, Vice President.and Secretary of the Corporation, acted as secretary of the meeting. PPG INDUSTRIES, INC. DID r.O: COME FROM IT'S FILES AND CANNOT BE AUTHEN HCAlED BY PPG INDUSTRIES,* INC. 5710 3035 Mr. Baker also pointed out that the Corporation has some 750 dif ferent glass batch formulations of which approximately 60 are in melt at any 'one time, such glasses requiring a wide variety of batch chemicals. Mr. Baker noted that shortages existed for suet batch chemicals as the result of inadequate conversion and' proca ing capacity of the domestic chemical industry. He said that he had increased his staff in order to research and analyze pur chases and to identify supply and cost problems. He also outline the planned strategies and programs to overcome such problems. After answering numerous questions, Mr. Baker was thanked for hi informative presentation and then left the meeting. PITTSBURGH CORKING CORPORATION Mr. James H. Bierer, President of Pittsburgh Corning Corporation, was then invited,into the meeting to report on the allegations concerning Pittsburgh Corning made in a series of five articles in The New Yorker magazine entitled "Annals of Industry Casualties of the Workplace". He noted that such articles were critical of the health protection afforded the Pittsburgh Corning employees at the Tyler, Texas plant which had produced "Unibestos an asbestos-ooAtaining thermal pipe insulation. Mr. Bierer stated that Pittsburgh Corning had purchased the Tyler, Texas plant in 1962 and made the unilateral decision in September of 1971 to/cease all production of Univestos at the earliest possibl opportunity. This was done and the-Tyler plant was closed in February of 1972. He emphasized that the decision to close the pland was made/ without any pressure or suggestion on the part of the Union representing the employees cr federal or state regula tory agencies. He further emphasized that throughout most of the 10-year period during which the plant was operated .by Pittsburgh Corning, the dust levels at: the plant were substantially in compliance with the then current asbestos dust standards. Mr. Bierer reviewed the status of all litigation- against Pitts burgh Corning involving asbestosis or mesothelioma allegedly caused by the products from the Tyler, Texas plant. Hp indicated that of'nineteen such lawsuits*two had been settled for an ag gregate payment of $9,000, three had been dismissed and fourteen were being defended by Pittsburgh Corning. The possible legal liability involved in the active lawsuits, as well as other potential lawsuits, against Pittsburgh Corning was discussed. Mr. Bierer, after answering numerous questions posed by the Di rectors, then left the meeting. THIS DOCUMENT WAS NOT A RECORD OF PPG INDUSTRIES, INC. DID !<Oi COMEJROM IT'S FILES AND CANNOl' BE AUTt-iENTICA'iED BY PPG INDUSTRIES, INC. | BB 0023836 |