OTHER NEWS - March 22, 1994

TLC Beatrice Plans Cost Cutting: The nation’s largest black-owned business has halved its New York headquarters staff and sold the corporate jet. The food conglomerate also announced that minority shareholders have abandoned their efforts for a common stock offering of the privately owned company and are satisfied that management is now ensuring Beatrice’s health. It was the first public disclosure of the steps undertaken by management since Loida Lewis, widow of founder Reginald F. Lewis, assumed formal control Feb. 1. She took over from Lewis’ brother Jean Fugett, who had been running the company since Lewis died last year.