David C. Farmer, Successor-Trustee vs. Harmon
(Formerly Woo vs. Harmon & Nicholson vs. Harmon)
CV05-00030 DAE KSC
U.S. District Court For the District of Hawaii
Judges: David A. Ezra; Kevin S. Chang
PAUL A. ALLAIRE
Former Chairman of the Board for Xerox Corporation; Director, Lucent Technologies.
Paul Arthur Allaire was born July 21, 1938, in Worcester, Massachusetts. A 1966 graduate from Carnegie-Mellon, he joined the Xerox Corporation in Rochester, NY, as a financial analyst in 1966. He was "named senior vice president and chief staff officer of Xerox in July 1983, was elected president and a member of the board in August 1986, became chief executive in August 1990, and chairman in May 1991." Allaire "stepped down as chief executive officer of the corporation in April 1999 and returned to the position May 2000." He retired from the board at the end of 2001.
Allaire is a former director of the Council on Foreign Relations, is Vice Chairman at the Concord Coalition, and is listed among the members and attendees of the Bilderberg Group and the Trilateral Commission. He is the former Chairman of the Council on Competitiveness and serves on the board of directors of the New York City Ballet, Catalyst, and the National Planning Association and has served on the Advisory Council of the Private Sector Council since March 2002.
In June 2000, Allaire became Chairman of the Board of the Ford Foundation and had been a Trustee since 1997. He is Chairman Emeritus at the FIRST (U.S. First) and served as chairman of the board from 1994 until 2000. He serves as a member of the board of directors of the Sara Lee Corporation, the New York Stock Exchange, Lucent Technologies (since 1996), priceline.com, and GlaxoSmithKline. He is also a member of the Business Council and the Business Roundtable. He either is or has served as a member of the boards of Fuji Xerox Co., Ltd., J. P. Morgan & Co., SmithKline Beecham plc (now part of GlaxoSmithKline), Xerox Financial Services, Inc., and Xerox Limited.
"Allaire graduated from Worcester Polytechnic Institute in 1960 with a Bachelor of Science degree in electrical engineering. [In 1966, he] earned a Master of Science degree in industrial administration from Carnegie-Mellon University. He is now a trustee of both Worcester Polytechnic Institute and Carnegie Mellon University."
Allaire lives in Fairfield County, Conn.
Other Related SourceWatch Resources
Paul A. Allaire Named Chairman of the Ford Foundation Board of Trustees, Ford Foundation, June 1, 2000.
Strategic Leadership. People, people...people. They are often the strategic difference, Strategy Leadership, March 2001. Re March 5, 2001 cover of Business Week headlines: "DOWNFALL...the inside story of the management fiasco at XEROX...."/Business Week article: "Commentary: Shhh! You'll Wake the Board."
Brad Grandtz,CMU trustee implicated in fraud charges, The Tartan, April 15, 2002.
8 July 2003: "Foundation to Keep Leader Accused of Fraud at Xerox" by Stepanie Strom, The New York Times: "The board of the Ford Foundation, one of the country's largest private charitable foundations, has decided to keep its chairman despite accusations by federal regulators that he participated in accounting fraud when he was chairman and chief executive of the Xerox Corporation.... The decision came after the chairman, Paul A. Allaire, agreed to pay a $1 million penalty and forfeit $7.6 million in bonus pay and the proceeds from stock sales at Xerox and interest on those sums."
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NEW DISCOVERY (06-07-09): Re: Undisclosed relationships of Steve Goodfellow, Linda Lingle, Charmaine Tavares, Hawaiian Telcom, Walter Dods, First Hawaiian Bank, Bishop Museum, Timothy Johns, Mark Polivka, Carlyle Group, Sandwich Isles Communications, Robert Kihune, Gil Tam, Bank of Hawaii, Paul Allaire, Lucent Technologies, Judith Neustadter Fuqua, David Farmer, Dan Inouye, Central Pacific Bank, Daniel Akaka, Neil Abercrombie, Norman Mineta, AIG, Aon, Colbert Matsumoto, Island Insurance Co., Roy Hughes, Colleen Hanabusa, Micah Kane, etc.
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NEW DISCOVERY (06-24-08): Re: Undisclosed relationships between Maui County, Sandwich Isles Communications, Robert Kihune, Paul Allaire, Lucent Technologies, Judith Neustadter Fuqua, etc.
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NEW DISCOVERY (06-24-08):
Lucent Technologies Inc · DEF 14A · For 2/16/0
Filed On 12/21/99 · SEC File 1-11639 · Accession Number 912057-99-10197
COMMITTEES OF THE BOARD OF DIRECTORS
During fiscal 1999, the Board of Directors had two ongoing committees: an Audit and Finance Committee and a Corporate Governance and Compensation Committee. The Audit and Finance Committee meets with management periodically to consider the adequacy of the company's internal controls and the objectivity of its financial reporting. The committee also meets with the independent auditors and with appropriate company financial personnel and internal auditors regarding these matters. Both the independent auditors and the internal auditors regularly meet privately with the committee and have unrestricted access to the committee. The Audit and Finance Committee recommends to the Board the appointment of the independent auditors. The Audit and Finance Committee reviews the company's financing plans and reports recommendations to the full Board for approval and to authorize action. The committee has a written charter. The members of the committee have reviewed the charter and believe that the committee complied with the charter in fiscal 1999. The Audit and Finance Committee met five times in fiscal 1999. The functions of the Corporate Governance and Compensation Committee include: recommending to the full Board nominees for election as Directors of the company, making recommendations to the Board from time to time as to matters of corporate governance, administering management incentive compensation plans, establishing the compensation of officers and reviewing the compensation of Directors. The committee will consider qualified candidates for Director suggested by shareowners in written submissions to Lucent's Corporate Secretary....
COMPENSATION OF DIRECTORS
Each non-employee Director receives annually a retainer of $100,000 and an option to purchase 5,000 shares of Lucent stock. The Chairman of each committee described in the previous section receives an additional retainer of $10,000. Directors may elect to receive between 50% and 100% of their retainer in Lucent stock or an option to purchase Lucent stock or a combination of stock and an option. Any remainder will be paid in cash. Any option elected will enable the Director to purchase a number of shares equal to three times the number of shares that could have been purchased with the portion of the retainer elected to be received as an option. The exercise price per share under the option will be the fair market value of a share on the date of grant. Options will generally become exercisable on the six-month anniversary of the date of grant and have a 10-year term. Under the company's Deferred Compensation Plan, non-employee Directors may defer all or a portion of their cash and stock compensation to a deferred compensation account. Deferred compensation plan accounts have two components. The first is a Lucent stock portion. The second is a cash portion. Directors can defer receipt of cash retainers to either portion of their accounts. The stock portion of a retainer can be deferred only to the Lucent stock portion of an account. The value of the Lucent stock portion of an account fluctuates based on changes in the price of Lucent stock. Dividend equivalents are credited on the Lucent stock portion of accounts. The cash portion of an account earns interest, compounded quarterly, at an annual rate equal (a) to 120% of the average interest rate for 10-year U.S. Treasury notes for the previous quarter, in the case of deferrals after October 1, 1997, and (b) to the average interest rate for 10-year U.S. Treasury notes for the previous quarter plus 5%, in the case of deferrals on or before that date. Interest rates for deferrals to the cash account may be revised by the Board. All distributions from the Lucent stock portion of an account will be made in Lucent stock, unless the company decides otherwise. In the event of a Potential Change in Control, as defined in the plan, the plan will be supported by a benefits protection grantor trust, the assets of which will be subject to the claims of the company's creditors. Lucent also maintains a general insurance policy that provides non-employee Directors with travel accident insurance when on company business. An individual who became a non-employee director before 1999 may purchase life insurance under a company program pursuant to which the company will pay a portion of the premium. The amount paid by the company is to be returned to the company no later than following the death of the individual. This benefit will continue after the non-employee Director's retirement from the Board of Directors.
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
In fiscal 1999, all of our independent Directors served on the Corporate Governance and Compensation Committee. Franklin A. Thomas was the Chairman of the committee. The other committee members were: Paul A. Allaire, Carla A. Hills, Drew Lewis, Paul H. O'Neill, Donald S. Perkins and John A. Young. Patricia F. Russo, Executive Vice President and CEO, Service Provider Networks, is a director of Xerox Corporation, of which Mr. Allaire is currently Chairman of the Board. During fiscal 1999, Mrs. Russo was also a member of the Executive Compensation and Benefits and Nominating Committees of Xerox.
RELATIONSHIP WITH INDEPENDENT PUBLIC ACCOUNTANTS
Upon recommendation of the Audit and Finance Committee, the Board has reappointed PricewaterhouseCoopers LLP as the independent public accounting firm to audit our financial statements for the fiscal year beginning October 1, 1999. Representatives of PricewaterhouseCoopers will be present at the meeting. They will be given the opportunity to make a statement if they desire to do so, and they will be available to respond to appropriate questions...
For more on Lucent Technologies’ $1.1 billion accounting fraud, see:
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THE PAUL A. ALLAIRE PHOTO GALLERY
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Paul Allaire is expected to testify regarding his business, professional, personal and political relationships with Kamehameha Schools/Bishop Estate, Chevron-Texaco, Barack Obama, Bill Clinton, Hillary Clinton, Carla Hills, John Waihee, Ben Cayetano, Linda Lingle, Mark Bennett, Margery Bronster, Earl Anzai, Hugh Jones, Lyn Anzai, Faye Kurren, The Nature Conservancy, Office of Hawaiian Affairs, Hawaii Housing Authority, Henry Paulson, Robert Rubin, Goldman Sachs, James A. Baker, Henry Kissinger, Donald Rumsfeld, Elizabeth Dole, Mark McConaghy, PricewaterhouseCoopers, Ben Benson, Gale Norton, Norman Brownstein, Jack Abramoff, American International Group, Enron, Arthur Andersen, Fred Whitehurst, John Ashcroft, William Webster, William Cohen, Tom Foley, Condoleezza Rice, Roger Stillwell, John McCain, Brent Scowcroft, The Forum for International Policy, Dwayne Andreas, Archer-Daniels-Midland, Steve Case, Jeff Watanabe, Lucent Technologies, Xerox Corporation, George Ariyoshi, Emily’s List, James MacArthur, The MacArthur Foundation, David C. Farmer, Sandwich Isles Communications, Robert Kihune, and other entities to be named upon discovery.
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