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Boise Cascade Boss Touts Turnaround

Sat., April 20, 1996

Chairman George Harad told shareholders on Friday that Boise Cascade Corp. has fully recovered from the losses of the early 1990s and the company’s biggest shareholder readily agreed.

“Boise Cascade is back and Boise Cascade is better,” Harad said in opening his report to the annual stockholders meeting - a report that detailed record profits in 1995 and a strategy to continue profitable operations even during the paper market downturn this year.

“I’ve got a little bit of a stake in this company,” said billionaire J.R. Simplot, whose recent acquisitions total nearly 3.2 million shares, or 6.6 percent of the company’s common stock.

And Simplot, whose holdings in Micron Technology Inc. exceed 20 percent, said he intends to keep buying up Boise Cascade stock until he has a 10 percent interest.

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