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FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
The stipulated facts and exhibits are incorporated herein by this
reference.
I. Brunswick Corporation
A. Business Groups
Brunswick, headquartered in Skokie, Illinois, has been in
business for over 150 years. Brunswick's stock is traded on the
New York, Midwest, Pacific, London, and Tokyo stock exchanges.
During the late 1980s, Brunswick's operations were
organized among 3 lines of business: Marine, Recreation, and
Technical. The Marine group manufactured and sold pleasure and
fishing boats and marine engines on a worldwide basis. The
Recreation group operated 125 recreation centers worldwide and
manufactured and sold fishing rods, reels, and accessories, and
golf, bowling, and billiards products. The Technical group,
which consisted of the Defense, Technetics, and Industrial
Products divisions, manufactured and sold a wide variety of
products for military, aerospace, and industrial use.
Jack F. Reichert (Reichert) served as Brunswick's chairman,
president, and chief executive officer; William R. McManaman
(McManaman) served as Brunswick's vice president-Finance; Thomas
K. Erwin (Erwin) served as Brunswick's controller; Richard S.
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