Those darn Democrats sat by while North Korea inched towards a nuclear program, but others were taking action:
The Annual General Meeting of ABB Ltd 2000
ABB Ltd held March 16, 2000, its first annual general meeting of shareholders since the creation of the single-class ABB Ltd share.
Shareholders approved the proposal of the Board of Directors to increase the dividend per share to Sfr. 3.00 from Sfr. 2.47 the year before, payable as of March 23, 2000. Re-elected to the Board were Percy Barnevik, Gerhard Cromme, JÃ¼rgen Dormann, Martin Ebner, Robert Jeker, GÃ¶ran Lindahl, Agostino Rocca, Donald Rumsfeld
, Edwin Somm, Peter Sutherland and Jacob Wallenberg. The Board intends to re-elect Barnevik as Chairman and Jeker as Vice Chairman.
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ABB to deliver systems, equipment to North Korean nuclear plants
US$ 200 million in orders awarded under multi-government framework agreement
Zurich, Switzerland, January 20, 2000 –
ABB, the global technology group, said today it has signed contracts to deliver equipment and services for two nuclear power stations at Kumho, on the east coast of North Korea. The contracts, with a value of US$ 200 million, were awarded by HANJUNG (Korea Heavy Industries and Construction Co. Ltd.) and KOPEC (Korea Power Engineering Corp.).