Document e7KNKrna4GZLXO1E0L68oEJqE

FILE NAME: OWILL DATE: 2004 OWILL093 DOC#: OWILL093 DOCUMENT DESCRIPTION: Legal - Testimony of McWeeny & Fortune Magazine Article with 01 Revenues JAMES WALKER JAMES WYLDER LISA CORWIN A N D R E W J. KELLY W ALKER & W YLDER, LTD. T R IA L LA W Y E R S 207 WEST JEFFERSON BLOOMINGTON, IL 61701 August 12, 2004 PHONE (300) 28-S044 FAX (309) 827-27 42 VIA FACSIMILE 3011933-9097 Dr. Barry Castle man 4406 Oxford Si. Garrett Park, MD 20896 RE: Compton Dear Barry: With this fax is a print-out from Fortune reflecting that Owens-Illinois' revenues were over 6 billion last year. Its rank in the Fortune 500 is 298. Also enclosed is the first page from McWeeny's testimony of August 4, 2004, in Bloomington and page 185 where he indicates they have 11 or 12, 000 people who work in the United States and 80% are factory workers. Hopefully, this is what you wanted. Sincerely, Enclosures JR/el L M a --*------- JAMBS WYLDHR Files:Compton 03 L 104: Urs.Castleman-fortune 500.doc P l i f t lu c i a Try 3 Issues Free Magazine Customer Service Subscribe to FORTUNE Archive Current Issue Companies THE 2004 FORTUNE 500 CEOs 1 Investing I Careers I Technology I Small Business I PDFs rni ni quote (delayed) last: 15.62 high: 15.95 low: 15.45 open: 15.95 All FORTUNE Lists - FORTUNE 500 - Top 100 - OwensIllinois Owens-Illinois FORTUNE 500 Rank: 302 2003 FORTUNE 500 Rank: 298 Previous I Next Owens-Illinois also appears on the following FORTUNE lists: America's Most Admired FORTUNE 500 DATA Revenues $ millions 6,158.2 % change from 2002 6.9 Profits Assets -990.8 N/A 9,531.3 -- Stockholders' 1,003.4 -- Equity Market Value 1,988.0 -- 3/1/2004 Profits as % of Revenues Assets Stockholders' Equity % -16.1 -10.4 Earnings Per Share 2003 $ % change from 2002 -6.89 N/A -98.7 1993-2003 annual growth rate % N/A Total Return to Investors % 2003 -18.4 1993-2003 annual rate -0.4 FORT UNE 500 INDUSTRY DATA: Packaging , Containers Rank Company 500 Rank R e v e n u e s ($ millions) 1 Smuri it Stone Container 255 7,914 2 Crown Holdings 282 6.630 3 Owens-Illinois 302 6,158 4 Ball 351 4,977 5 Temple-Iniland 372 4,671 if\" v l i ! Co PM tT C l :<M 18 vA a N 16 fO ty J v 14 '1 12 r 10 S O N D 04 F II f i t I J J i i .` *>. 1 i. Time Frame: I dy 1 mo 3 mo 1 yr Detailed Quote & Charting CEO: Thomas L. Young Address: One SeaGate Toledo, OH 43666 Phone: 419-247-5000 Website: http://www.o- .com Hoover's Company Overview ! Download FORTUNE 500 LIST HIGHLIGHTS Fortune 500 19552004 Full List 500 Timeline Best Companies to Work For Full List 1998-2003 America's Classic Companies MBA's Top 50 Employers Best for Minorities bull List All FORTUNE Lists 6 Sealed Air n f Pactiv 471 3,532 511 3,138 8 Sonoco Products 529 2,957 9 Bern is 579 2,635 10 Siigan Jioldings 636 2,312 11 Greif 729 1,916 12 Packaging Corp. of 778 America 1,736 13 Graphic Packaging 791 1,683 14 Rock-Ten 856 1,506 IN THE INDUSTRY: Packaging, Containers Would a War Kill Your Stocks? The prospect of a U.S. invasion of Iraq has investors feeling jittery. But the reality might not be so bad for the market. Some sectors--and well-positioned companies--may even thrive. All FORTUNE Lists' -TORTIJNE 500 - Top 100 - Owens- " Illinois From the April 5, 2004 Issue <* V' * LEJk.RH MORE ABO UT PITNEY OWES WORKPLACE SECURITY SOLUTIONS m Pitney Bowes Engineering the flaw ofcom m unication SUBSCRIBER LOGIN I HOME 1COMPANIES CEOs I INVESTING I CAREERS ITECHNOLOGY ! SMALL BUSINESS 1PDFs Services: Downloads I Customer Service 1Conferences 1Special Sections I Free Product Info I FORTUNE Education Program Information: Current Issue I Archive I Site Map 1Press Center I Contact FORTUNE 1Advertising Info Copyright 2004 Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. Privacy Policy Terms of Use Disclaimer Contact Fortune IN THE CTRCUTT COURT OF THE HUWUiiH JUDICIAL CTR-.T.rTT mtlean count* , I l l in o is FONALD CCMBTCN and ELIZABETH otirro N , P la in tiffs, PNEUM3 AEEX CCRPCRATION, Defendants. I H M l l l - l t H . *1 No. 0. I, 104 AUGUST 4, FJO-i RiT'CKT OF ERiXTEDINLI a Susan E. Goshwilro, CSR 313 T*iw i Justice* Conte* 2 . 10-1 Must F ro n t S ti e e t 31oomi nylon, IL 61TOI 2 <s L ie. No. 084-0f>2`>V3 1 INDEX 4 Direct Examination of PHILLIP M-VibEl.T------------------- l? Cross Exam ination -- --------- --------------------- -------------------- i? g 4 7 8 9 in 11 12 13 H IS Id '.7 lb 19 10 21 n 23 j REPORT OF PROCEEDINGS o f th e mat to r s hoara and 2 c o n sid ered i n U;o o jjo v e -e n titlc d cause on th e 4 th day o i j August, 0004, befo re THE H3 NCRABI.F, CHARLES REYNARD, i c i r c u i t Judgo o f th e Eleventh J u d ic ia l C ir c u i t , p re s id in g in courtroom 5-C o f Che McLean Ocunt.y Law s J u s tic e 6 C enter, m th e C it y o f Bloom ington, C ounty o f McLean and i Slat.- u f I l l i n o i s . 0 i , >. i . . . . n M n i i m t u u u i u m , . u M ( M ) i 4 u t . u u i APPEARANCES: 9 10 JAMES WALKER JAMES WYI.DER 11 Bloom ington, I l l i n o i s Appearing on beh a lf o f P la in t if f 1 MATTHEW FISCHER n JOSEPH O' HARA KF.tDT CERTLE l< JOSHUA TF.F. Chicago, I l l i n o i s is Appearing on behalf o f Defendant C v *:n s -Illtn o .s : b DENNIS CUBBEl*3 NICOLE BEKNfchl n Kansas C it y , M is s o u ri Appearing on bena 11 a t Defendant A illea S ia r ul KUAN i n n s l 9 STEVEN 3AR3SR Washington D.C. .'0 Appearing on fcch a ll o f Defendant M o ficp o l ;ta r. L if e 21 MARX KLTIZ B ellev ille, Illin o is j: Appearing on b e h a lf o f Defendant I l l i n o i s C e n tra l 23 1 AUGUST 4, 2004 2 3 THF. O it.VT: H i l s i s 03 L 104, Co.7|i*on v.s. 4 'f'r.pwn-fkm. o f at. F i r s t o id e i o f lxtsir.es.'', i s m the i n a tu re c t housekeeping. I was approached s te r n ly t h is b morning by th e c le r k o f th e c o u r t who w *j sugg e stin g to 7 iAt p ro to c o l which I have prooably r .y a .'n .,.?tr-ritly 8 adhered to w ith re spe ct t o d a ily f i l i n g ^ o f p le a -tin g s and n o tio n s and th e l ik e , and we decided sufciect to h o p e fu lly 10 ve ry ra re e x c e p tio n th a t day o f hearing t i l i n g s are not u acceptable. In o th e r wc^cls, the d a ily t i l i n g s th .it y o i l? m ight be doing because th e y a it- in e v ita b le f i l i i . j u need * to iv* f i l e d a t th e v e ry le a s t th e day o d e re , because th e 14 p ro to c o l w i l l have th e c l e r k ' s o f f i c e over th e next is se vera l weeks on ta s k a t p ro m p tly e ig h t a.m. when t h e ir lb o t t ic o is n ' t open c .itc h 'n g rne d a ily C. I<; up to ^*u.t n f i l e d the day b o to re . So i f we have got- a p le a d in g th a t io has to be neard on th e day o f th e -- Chat has to bo f i l e d 19 co th e day o f th e h r a n r .q , p le a se ne prepared to show 20 v<;*y good cau'-e why va:- s h e ,h i ng making cv.rcpr.i.'ii' to th a " 2 1 because i t -- that, in te ra c ts w ith inco-si scen t judge 27 p ra c tic e to c r e a te h.avoc fo r too c .e r k o f f i c e and I 23 depend on t h e . r rre ra 'o , perhaps more U.an. you mow. 24 I th in k w j had g otte n lo a p oi: t Uw o U v r day i ror.i t r . . F'HlN t ~4 1 law. Saw.-,tim es on tho amount o f dimigos issu e 2 1 have a xespensibi lit y also to the anployws of 3 the company. We Ivive, I don' t renew, eleven or twelve X thousand people who work in the Unitoci S ta tes and eigu ty b percent o f whom aro fa c to r y workers. Ancl one o f ny 6 r e s p o n s ib ilit ie s i s ca n d id ly to keep O w ens-Illinois from / not f il in g to r bankruptcy. One ot the unfortunate a ciKAiinsUincos o f the a sb e sto s lit ig a t io n i s that \xu 7 than seventy companies have fr ie d toi bankruptcy ar.d ar a n r esu lt o f th a t, some people unfortunately are in a 11 p o sitio n i-fiere the companies v&cse products they actual ly \ * uvxi or wore cpo'.eri to , th o se ocnpa'i:on arc in 13 bankruptcy and they oon't have .anyone to sue. .And that 14 i s nr.st un fortunate. The -- I have -- am very determined 15 th at th e company w ill not f i l e tor bankruptcy. I t 's terrib le for the employees. i t 's terrib le for the 1> shareholders. I t 's ju s t te r r ib le for ovoryone involved 1M and I have t o balance my r e r p o /isib llitr e s l>e-joJso the 1 ccnpany -- it. 's a g la s s contain er company. Tins is not a :o b.ij fancy company. 1 moan we nuke* g la s s co n ta in ers. We* 21 make g la s s b o t t le s . And yo.i knew, v have a lo t of 'Ll conpetlc ion from cans and p la s t ic s .ml nuke som'.* 23 money, tu t we devote th e nor.ey to trying to reso lve th is 24 problem in large p a rt. And I have to balance my 19$ i A So far th is yjar I t 's about seven ty-five 2 hundred. 3 Q Do you a lso keep track o f how ouch rnnrey A Oweno-lllinoi-s has paid out lo reso lv e tho.io throe b hundred ton thousand claim s? 6 A Wo have paid cut more than two b i l l ion dollar:,, 7 I think i t 's about two poin t th ree b il lio n d o lla r s , toth f> to -- un t h is problem. 9 Q H.'w mich of th at two point th ree hi 1lie n do1b u s 10 has been recouped as a r e s u lt at insurance p o lic ie s that n th e company had? l? A Approximately e ig h t hundred m illio n da) i n a h.s n been nvouped from the insurance c t/w .n ic t and i t ' s 14 p o s sib le wo could obtain another two to f.v o m illio n 15 bucks from the insurance company, bo tr.e company u lo quoO uut o f px*<ut, h.th [lain tout ot i t s ash 1/ approximately one point fiv e b illio n d o ll.u a in 0 How cbea the company pay the r.c-w claim s th at u iv 19 coming in? 20 A We [v>y it. cut. o f -- we ,tv*t the r.pa*iy and you 21 know, [x.cplo go to work every cUy and wo r.ako g la s s 2 2 b o ttle s and we .sell the g la s s b o t tle s and a t th e -Yd of 23 the d iy, we fig u r e a r t ho; puen money we got l e f t and w_> 24 use -- ws use th at money th at i s l e f t a trer rein vestin g 1 o b lig a tio n s to r eso lv in g the lit ig a t io n ro a ls o what I 2 c a ll the stakeholders in C M sns-Illinois. \ <j Are pari, o f your -- do your r e s p o n s ib ilitie s A include keeping track o f the number o f c la m s Uiat arc 5 f i l e d in a sb e sto s lit ig a t r o n and tile number of claim s 0 f il e d a g a in st O w e n s-Illin o is foe example? 7 A Yes, I do, 1 keep track of those slat is t ic s . B Q Hnw nvany c la m s in a sb esto s lit ig a t io n have teen 9 file d against O w ens-Illinois since those f ir s t claims 10 came in th e middle 1970s? U A Approximately three1 hundred fo r ty thousand. 12 Q - w many o f th o se claim s have been resolved? 13 A via have r eso lv e d approxim ately th ree nundied ton 14 thousand o f them. 11 0 And tlies that, leaves abcut th ir t y thousand s t i l l -.S pending? 1 i A There* is about, th ir t y thousand s t i l l pur.dwg. IB 0 Do you keep track ot how many c a se s, new ca ses 19 are beinq f il e d a g a in s t tr.e conpany? 20 A I do. <1 ? And What wos Lho winter fo r 200 V? 22 A Approximately th ir t y thousand new co ses warc 2.3 tr ie d . 2 ; Q And hrw about so i-ur th is yr-art 10> ! m the plant and paying the people, w.- use th at money, 2 most of that money goes to paying asb estos ctaimantr. 3 0 VJ.cn you .say pry the peop le, you mean urg*", of A Uto CVArns-niinois employees? b A I mean the wages and b e n e fits , y e s, s i r . b Q bo you a ls o in a d d ition to keeping track o f the 1 lit ig a t io n fo r Ovens-1 L lin o .s, do yr.u a ls o pay a ttu n t.c n U to individual cases? 9 A We do. Ycu know, the tragedy of t in s lit ig a t io n 10 i s in tact tiie people who have mcsotr.elicma, tiiat is a ii te r r ib le d is e a se . I t ' s aw ful. i t i s g,.ncral ly t*it net 12 e x c lu siv e ly a s b e sto s -r e la io d . I t 's a te r r i b le thing w i 13 those -- th a t p a rticu la r gioup at people are a gre^p of 14 people the company endeavors to r eso lv e i t s c a se s with \ b through n e g o tia tio n as opposed to l i c i g i t i o n vU'ore t e ir people claim exposure to tr.e company' j croduct. n Q What about people who have n ess the 1lore who vaaio r.oc expose*! to the company'& product? v3>at i s your -- ot 19 the company's p o sitio n w ith regard to th ose pcgpl-'.' 22 A That our cc'-p o n sib ility r,ot extend to 21 people who have m esolheliom i but i.iv- were -- t.u ,o: 22 claimed to navo worked w ith our company's p rod -ct. 2 3 Q New you mentioned i^ a p o n jib i'. :ty ar.d I w-.nt to 21 ask y-,u, wi'.vn ytxi say yc.. fe e l u ;eap< 's ir * ify to U.** ---- i ! J P H 'zjE