Reno Gazette-Journal from Reno, Nevada • Page 19

Business Tuesday, December 8, 1987 Reno Gazette-Journal 5B Pan Am's execs reportedly Boesky at odds over firm's future He also asked Lasker to consider sentencing Boesky to community service instead of prison or splitting his sentence between the two. But Lasker called that inappropriate "if for no other reason than a split sentence would limit the period of imprisonment" to six months. In his only comment, Boesky told the judge: "I just want to say that I am deeply ashamed and I do not understand my behavior. "I have spent the last year trying to understand how I veered off course. I would like the opportunity as I go forward to redeem myself and leave this earth with a good name.

That is what I want," he added. Silverman said the Dec. 18 sentencing should go forward because, in effect, Boesky has been incarcerated for a year and a half. "He cannot walk down the street without being pointed to. He can't go into a restaurant.

He can't use a credit card without having people rush up to him," said Silverman. "People take pictures with his figure. This is the kind of terrible pressure that he has been involved in." guilty in April to a single count of conspiring to make false statements to the SEC. He faces a maximum five-year sentence, but defense attorney Leon Silverman argued for leniency because of Boesky's cooperation. Assistant U.S.

Attorney John Carroll said the government was making no sentencing reccom-mendation but admitted: "Prior to Mr. Boesky's walking in the door we had never seen anything like this." The judge sealed the government's pre-sentence memo to the court "because it refers to ongoing investigations and revelations which would interfere with law enforcement." Lasker said he was reviewing the sentencing of investment banker Dennis B. Levine, who got a two-year prison term for insider trading after turning informant. But Silverman said Boesky's cooperation "is infinitely greater. He has saved the government millions of dollars, years of time, he has stopped continuing wrongdoing on the part of others, has permitted the government to make a major impact on the securities industry." Nursing home7 From paga 88 attention, intermediate care will be offered, Wiley said.

The pod design is a new concept that eliminates long corridors found in many nursing homes, she said. In each pod will be a large, home-like living room for residents, as well as their individual rooms. "The facility is more like home," Wiley said, adding the design received an award from Modern Health Care magazine. Another feature, she said, will be a full-service adult day-care wing. It will allow people who have elderly parents living with them drop their parents off at Hearthstone before work and pick them up afterward.

And one of the six pods will be called the Silver Key Club. For an extra price rates have not yet been determined residents can have upgraded amenities such as flowers delivered daily, to their rooms, linen and china in the dining area, and free telephone, television and beauty shop services. From page 1B eral charitable groups to reject his offers of volunteer service. Boesky's wrongdoing "has caused enormous tensions" in his family life and he now "faces bankruptcy." He "cannot walk down the street without being pointed to." Boesky was not taking courses at Jewish Theological Seminary to curry favor but because "he is contrite. He is not a born-again Jew." Boesky, 50, was one of Wall Street's leading takeover speculators when he agreed last year to pay a record $100 million in civil penalties to settle a Securities and Exchange Commission insider trading action.

The revelation rocked the nation's financial community, and in a plea bargain, Boesky supplied information leading to guilty pleas by others, including merger specialist Martin A. Siegel and brokerage executive Boyd L. Jef-feries. In return for his cooperation, Boesky was allowed to plead tract concessions from Pan Am pilots, according to the Journal. The Braniff plan, offered by Braniff chairman Jay Pritzker, called for $200 million worth of labor concessions, with the pilots share totaling $70 million.

The Shugrue plan, by contrast, asks for $180 million in concessions, including $55 million from the pilots. After negotiations with Shugrue's representatives last week, the pilots announced agreement on a three-year contract that reportedly provides the required $55 million. Another $24.8 million in concessions over three years were achieved in a pact with the flight engineers union, according to a report last week in the New York Times. The agreements appeared to undermine the Braniff deal, which seeks concessions from the unions in exchange for a 20 percent stake in the merged company. Although Pritzker's proposal included a letter from the airline's unions agreeing to the concessions, the Journal said a second letter from the workers surfaced last week casting doubt on those agreements.

Shugrue's deals reportedly would give the workers a 20 percent stake in the current Pan Am. NEW YORK (AP) Directors of Pan Am Corp. met for 46 hours Monday, reportedly to consider a plan that would spin off the company's airline so it could be merged with Braniff Inc. The board debated the plan through two tense sessions last week, during which a rift developed between the corporation's two top executives, according to a report in Monday's editions of the Wall Street Journal. At issue were plans to revive the international airline's sagging finances, either through the spinoff or through a cost-cutting agreement with unions.

The directors met Monday until 6:30 p.m. EST and agreed to reconvene Wednesday, Pan Am spokesman Pamela Hanlon said. "We are not, as we have not in the past, commenting on the agenda," she said. The Journal said C. Edward Acker, Pan Am's chairman and chief executive officer, was push-ing for the spinoff of Pan American World Airways, while the company's vice chairman Martin Shugrue vehemently opposes it.

As the board was mulling the deal with Braniff last week, negotiators for Shugrue, who also is the chief operating officer of the airline, were working out a last-minute deal to gain needed con Sale of Dunes on schedule WM MEREST HEW5VEHRGD mom TO USE LAS VEGAS (AP) The sale of the Dunes Hotel to a Japanese investor is proceeding as scheduled, with closing expected Dec. 15, the hotel's management said Monday. The Strip resort will be sold to Masao Nangaku and then leased back to its current managers until Nangaku is licensed by state gaming regulators, the hotel said in a statement issued Monday. Nangaku agreed earlier to buy the financially troubled resort, which has been in Chapter 11 bankruptcy protection, for $157.7 million. Hotel executives, headed by Burton Cohen, said the resort's financial picture has improved recently and the Dunes now has $10 million in cash on hand, compared to $1 million at the time it filed for bankruptcy in November 1986.

Gaming regulators have not said when they will be ready to proceed with Nangaku's licensing proceedings. Tar ml I NASDAQ 5A Mi Tar Ot SfrmRg Subaru .3 SubBtp 77 US Play US Pre US Shell US Sur eO USTrk 30) US Trat I UStatn I SV WMSB a 40 IIWt A 13 14 Mi WahScI .15 a'A 'A VA WatrfOI 43e 10 Wt 3t 'A watrfO wl SOa TAt Watrbaa S'A (A 33'A "A Watrln OSe 3'A 'A Va Wamind 01 IS 'A law a Tava 1 TherPr Thrmlrtt Thetfd ThouTr Mi, X.I 1V 3331 lV I'At 1 la 1 14 1 la 16 'i 4'4 udwy Sufi Fir. 20 SuflBn 32 Sum ma ft Sumopt) From page 7B Simpin Vt Sippirtc )' UnTalav 10 WauaP at 35 3Com Mi 14 Sumcrp Wt Sumlte 11 Tterco SitCp Si liar Skipper UnvMIt 3Je unvMed 30 LL i ii I vu wajtmn a 10 a 'A 'A SumtM .13 VII Vr- -A Tiger. SumSav UnMd pf ToddAO OSa Sky war l1 SmithL 1 IMi SmtfiF it VA Suncat Sunalr SunGrd .34 lfi WearEv 12'A- 'A u. WbatCI 3'A 'A WbatFn 0S 7 Weiatld SO 17 Mi Weiblt a 13V4 'A Welimn 11'At- 37 Soc iety 1 30 SoctySv UnvSac UnVoil UnvBk UnvSvg 40 UnlvBT 40 UPenP 2 1 S'A Vi TofcloF ft.ll 70'A 10V4 'A Toppa .17 14419 Jhk Toll Hit a 11 3'A Mi TotlSya 17 Mi TowarP 34a I 'A Mi ToyaPla 'A JH Tradlrtd 'A 4-2 Wandt Warner 04a 13 'A Waapac 1 IHtH '4 Wt 4 Vi ty 'A 5'A 'A TrakAu Waapc 3 Waaaax Trai 4'A in a IS'A TrnLtg Band U'i VLI 4 3 1 21 'A TrnMu a a Tr natfer 'A Trnant 1 Mi Trntcb 15'A Ml 5Mj 2 -1 Mi I'A tl 14 7 ft 'A 4'A Ml 1 114 Vi 10A A I0 'A WatAut i'A Mi VLSI VM Srt a VMS 1 01 VMS II tie VMS SL 90a 7 WtBank WatCap WnCmc Mi 2Mi Soach SoftwA SfrwPb SoftSv Soil tec SomerB SomrSv (Me SonotP S3 Sonore SooriOf SonrFd SouMlA SoundW SoCerP SCerNt 5a SeatSvL 13b SCelWt 2 03 SoHotp SthnNt S3 Sou net SthdFn Sib if a SobldSv SouBnk Soutrat Souwal SwtINt 70 SwWtr ft ao SunSav SunMic SvnStSL Sunwid Sun llta SunAAad SunatFd Snalate Sunwat a la lupftte .20 SupEl Suprlex SuprEq SurgAf a SurvTc SuaqBn .72 Sutron SvenCI a Sybre Sylvan Symbin Symbr Symbllc Synblo Syncor Synrem Synergn Syntech Syntrex Syntro Syatin Syaintg 34 13'A 'A WatFSL 30.

VMX vse VWR 10.75 7.15 YeaM Year 2 Year 3 Year 4 Year 5 3S'A I'A 1S'A 3- 4'A 4'A Trnatct 7 TrwlBc 4'A Mi TrvRE ,3 ISHl TrvRt ,4 1 Trnwck li'A Vi TrSI t3 ll'A 'A TrISlar 7'A Mi TrSt wt2 7 TrladSy 33'A-f Trlmad 1 1 14 Trlon a .10 4 Mi TrltnO a 3 Trlt ptC 3 'A TruaJo a I'A4- 4'A "A 3- 'A 23 1 vaicom ValtdLO VatyB ValFrg .11 WnWata WMIcTc WMicr WatnPb WSteer ft. 14 3H Mi 'A 'A A A 7'4 7'A 'A ValNBc l.TOa 15' Mi 11 'A l'A 4'A 'A 13 IS'A it1 13'A ISA 1 4'A 13'A Mi 40'A 111 1k Watmrk 1 WmorC .40 Weatnft walBc a 2ee ai WttwO a Wattr. a S3 3'A Weynbg a. 77 7 'A Tratco 1 Saa M'A 3 4'A Tartcp 1 40 33 'A 3'A I 14 wnart Tratc pf2 90 3'4--1'A TuckDr S'A TueaM a 7 30Cnin 32 17'A Mi TwalTr I'A 1 14 303 Dt 3 1 1 VI 3H 'A 4A- WhelTch 17 'A I va .13 30 Mi SySottw Syatmt 11 14 ll'A 21 'A 7f 1 TycoTy Tyian ia Tyvm 04 17'i ValNtl 1 44 Valmnl 40 VaILn 40 VanGW VngSB ft Van at I VariCre 04 Var len .40 VeloBd antra Vantur vtPIn tOa varonx Varaa .20 Vaatar VertexC ViconP Vlcorp VictBn 30r VlttCr VldOtp ft vidLib Via daPr.34 VlewM a Viking Vikonlc Vipont Vlprrt WT 'A 5 14 4 Mi TBC a TCA TCB 3 I 14 Wicat IH Wliand 9a WllyJ ALIO 31'A-f Mi Wlllamt I Ot 3 'A WlllW .40 ll'A WillAL U'A Mi Willml 7'A Mi WmaSon 1S'A 'A WIISFS ioa 10 'A WllmTr .04 34 'A I WllanP 7 Wilton 3'A Mp Windmr I'A Mi WlngWt 4'A WiaarO 40 14'A 34 32 'A TA 'A 7t 3 'A 1 7 14 TCP Call TOX TM Com TMK 30a 11 1- Va USPRI VlSa Mi UST ll'A-l'A UTL 4'A 'A UltrBc 1 32 I'A Ungmn UniMrt 04a 4'A- Unlbcp ft 40 14 A UnlroA 4'A Mi 3' 3 Mi 4'A "A n.4. i.

Woburn .30 7'A 'A 3'A 4-1 14 22 1'A JO'A 'A 13 Unteat Until Unttrc ft Unlmed WWohn .24 'A WOE WOW Wt I'A Mi 4'A 'A TPi En TBC TRV TS Ind a TSI .10 7 SO TSR TVX TacVlla TarVIv Talman Tandon Taunton Woodnd 0 UnNatl I 32 37 30 Viratak VaBch ViataOr I'A 1 14 WMf) It 1V 'A 1-HI Term 5 years. Minimum deposit $2,500. Higher rates available for larger opening deposits. INTRODUCING THE GUARANTEED RISING RATE CD ONLY FROM BIG, SAFE, FRIENDLY NEVADA SAVINGS Sovran I 44 Span Am SprtMl Spctrmd Sperlc Spear Spear Speta Spctran Sper.Ctt .07 Spiegel Spire SprtLfe 1 Sprngbd Square! StatBtd STemfrd StarSur StanWtt randy a Sid Com StdMlc Stdtteg a. 44 Slant Tl Strtlyin Stanlne Stanaoy Steodyn SterTc StrptSv lOt Stara StMatn StaStB a 44 StateO 0M SrwBc a at) StelGm 40 Steal a 03 Stiwva StepSvr SternrL StewSN fttwlnf .7 StfkYle 10 SiorkSy IJa Sltktn .40 Stokeiy .12 StratPl Stratum StrwbCI Strober StrwcOy Strykr a StuDS StuartH OS StudL vt 14'A UnPlntr .40 UnSpIC UACm .04 UBAlak UnBkra UBCol .94) UnBidg UCaBk ft UCtyO ft VlaiaLP Viauall Vltronlc Vlvlgen Vodavl Volt In Volvo 1 34t Vortec Otb 2H l'A 1 10'A 4'A 'A Worm 4 "rl.W 3A Mi vm 1 M'A-I WM XYZ I'A ll'A 'A TchDIa a I'A Mi Tchnat 20 I Mi TchCom Tecogen 4 'A Tecum 1 70a 1l'A 2 Takalac 3 Taknwd 4 VulcP 1I'A 1A 4 1 14-f'A ll'A XOM Rite i Xebec 10 'A 1 14 33 4'A 19 1 34 WCRS 4 'A Teico TkmA a TICm wt TtKN a Telcrtt Xicor Xtdex Xidx wt J'A WD 40 1.37S 33'A 'A WNS 4 UncoeaT UnOom 1.04 UnEdS ft UPnGrp UPlraC 94 UGrdn UHltCr Utdlna UMoB ft at UnNMx 25a UtdNwap UtdSvra .7 UnSvSC USvBk 13a 3a xacriba Xy logic I2'A 91 IA 34 'A You know us, we're Big, Safe, Friendly.

Your funds are safe in the wesfs largest, strongest, most 3S'A 1 WTD I Va Walbro .40 13'A "A WlkrTel 11 'A WallSnd l'A1 14 VV1 2H Mi YlowP a 43 23 VrkPn a .40 14 'A 'A 'A i. Zantac I'A If you've been thinking of opening a new Certificate of Deposit but you haven't because you're afraid rates might go up, they might. But we'll guarantee it, year, after year, after year, soundly managed financial insti- It 4 I'A 4'A Ml Walahr 4 Waltcp TH 30 17A Mi WrhaaC 21 331 33 Warren 10 1t'4 Werwk 3 Mi WabBrp 3'A 'A WBcDC 3t 2eua 7 32 2iaglar a IS'A 'A Tatcrd ft 34 Telmafc Talmat Taimdo TalOat Telvld Tel aba Teloa Talnon Tamco TmpatTc Tenera 00 Tennant .94 Teradta 'A 2IU 7'A ll'A Jtloout 1 44 24A Mi I Zltel 2 1 14 2-14 USBkVa US Ant US B'p US Enr US Pact US MltC USHItl US Intc US ME xnTW tutions. A tower of financial strength 14 S'A Mi WaanE al 3t 14'4 21 'A f- 4''4 'A 13'A 'A 3 Mi 4'A S44a Mi I 3M- 'A WFSL a i'4 'A WabPOr 2 1 3 la 1 14 3 Zymoa 4 7 14 WanPOC 13a 4'A with branches statewide. Over $2 billion in assets.

And a 12 3. when you open a new 5 year Guaranteed Rising Rate insured CD with us. Now, you can look to the long term, and hedge against rising IMMEDIATE CASH WE WANT YOUR GOLD, net worth substan tially more than rates with one certificate of deposit that earns you Jk federal requirements. Come on in today and open your Rising Rate guaranteed higher interest rates every year, whether rates vla tuu ii 1 1 ct-111 111 ly guaranteed higher interest year, after year, after year. go up or down.

Your interest will compound daily so your yield will be even higher. We're paying up to 95 for your old gold. Guaranteed best prices. Immediate cash for gold and diamonds. Cash or check payments.

We also buy sterling silver, flatware, hollow-ware, placer gold, diamonds and from Jewelers excess inventory, etc. Or trade for silver bars, Maple leafs. Krugerrands. Pandas or Eagles. CALL US BEFORE YOU SELL FOR SCRAP BIG SAFE FRIENDLY NEVADA AND LOAN ASSOCIATION mm MEMBER Of THE FEDERAL HOME LOAN BANK NEVADA'S LABGESt Off ICtS TO SHM YOU THROUGHOUT THE STATE LAS VKSAS HOME OFFICf 3300 Sahara Av 89102.

702) 362-5555 RENO NORTHEBN REGIONAL OfFtCE: 50 liberty St 323-8884. 595 Booth St 985 fifth 5011 Meadowood Man Of. 580 Plumb Lone CARSON CITY: 020 B. Spark 359-GOLD ANY KIND CHECK nil oononbt wutVHlKVKLl: i.iUHignwav jvoso swkr: iio uaow ovu riawrway. Advertised rate jubtect to change Percilty rqued with earty withdrawal UNOtH UNION CASHING NO in.