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NEWS STORIES

Wausau Paper's largest shareholder calls for management overhaul and move, or saleSubmitted: 01/19/2014

Lauren Stephenson
5 p.m. Anchor/Reporter
lstephenson@wjfw.com

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MOSINEE - Wausau Paper's largest shareholder, Starboard Value LP, wants the company to replace management or consider selling the company.

Starboard owns more than 15% of Wausau Paper's stock.

It publicly released a 10-page letter outlining its suggestions to board members Friday.

The letter criticizes current management for "ignoring shareholder concerns" and the company's "prolonged underperformance under the direction of the current management team and Board."

In the letter, Starboard's CEO Jeffrey Smith says Wausau Paper's board "has been more intent on lining the pockets of management."

He says the board spent $250 million to restructure its printing and writing business.

Starboard suggested they sell it.

Wausau Paper did finally sell the two specialty printing mills in Rhinelander and Mosinee to KPS Capital Partners LP last summer.

But Starboard CEO Jeffrey Smith said they should have sold a year earlier when the business was worth more.

Starboard claims management refuses to move headquarters from Mosinee even though "Wausau's Tissue business, which now represents 100% of revenue, operates entirely out of Kentucky and Ohio."

Wausau Paper just invested $220 million into its facility in Kentucky.

Starboard argues the management should move there to oversee the operations.

The letter also nominates three people directors to the Wausau Paper board.

One of those nominees is Starboard CEO Jeffrey Smith.

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 IN OTHER NEWS
Empty Bowls event fills Rothschild with soup, hopeSubmitted: 11/22/2014

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ROTHSCHILD - The Rothschild Pavilion couldn't easily hold the huge number of people on Saturday who wanted something simple " soup.

Lines snaked out the door for the 7th annual Empty Bowls event.

Everyone who tried one of 41 different soups will help fight hunger for others in northcentral Wisconsin.

"It's a true reflection of the caring quality of Marathon County," said The Neighbors' Place Executive Director Tom Rau.

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Door County fish business subject of federal probe Submitted: 11/22/2014

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MILWAUKEE - A Wisconsin company that processes Great Lakes fish for sale worldwide has been caught up in a federal investigation into the illegal trafficking of lake trout, lake sturgeon, whitefish and walleye.

Court records show U.S. Fish and Wildlife agents set up a fake fish store in L'Anse, Michigan, recorded conversations, and raided Dan's Fish in the northeastern Wisconsin city of Sturgeon Bay in Door County.

No criminal charges have been filed, but search warrants served as part of the investigation were recently unsealed.

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Deer donation an option as gun hunting season beginsSubmitted: 11/22/2014

WISCONSIN - Gun hunting season started across Wisconsin Saturday.

Most hunters shoot for sport.

But some donate their catches to help families in need.

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Wives and girlfriends enjoy Holiday Open HouseSubmitted: 11/22/2014

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RHINELANDER - The start of the deer hunting season normally leaves wives and girlfriends at home by themselves, but an organization in Rhinelander wants to get them out of the house.

This was the first time Downtown Rhinelander Inc. hosted Holiday Open House Saturday. Businesses along Brown street welcomed wives, girlfriends and families into the their stores.

The owner of Hext Theater in Rhinelander believes this is kind of like a kick-off for the holiday season.

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Steps to prepare for freezing rain Submitted: 11/22/2014

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NORTHWOODS - We could see freezing rain in the Northwoods Sunday. If we do, leaders in Oneida County want people to be prepared.

The Oneida County Emergency Management director says it's hard to tell when the roads are slippery. So they want you to take your time on the roads and on the sidewalks.

"Freezing rain, a lot of times you can't tell that it's actually frozen. The ground is frozen," said Oneida County Emergency Management director Ken Kortenhof. "So even when you're walking on your sidewalks, stuff like that, be careful not to slip. Make sure if you have salt you can salt your sidewalks so you don't have problems there as well."

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2 injured, 1 dead in Taylor County crashSubmitted: 11/22/2014

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TAYLOR COUNTY - Slippery road conditions could have caused the death to one person and injured two others in a car crash in Taylor County Friday.

The Taylor County Sheriff's Office says the crash happened around 4 p.m. on County Line Road and 11th Avenue in the Town of Roosevelt. Deputies say the driver of a 1997 Ford Explorer lost control while trying to turn North onto 11th Ave. The truck sled into the ditch on the Northeast corner of the intersection. It then struck a utility pole as it was overturning.

The 58-year-old driver, Laverne Palms, was airlifted from the scene with serious injuries.

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2 men on sinking boat are rescued on Lake MichiganSubmitted: 11/22/2014

- One Wisconsin man is recovering in a hospital after he and another man were rescued from a sinking boat on Lake Michigan Friday morning.

The Ozaukee County Sheriff's Office responded to a call from a man who said his boat was taking on water at about 11 a.m. The boat was less than a mile off the coast of Belgium, Wisconsin, according to the sheriff's office.

The men and their boat were recovered and brought back to shore.

A 31-year-old man from Oak Creek was hospitalized with non-life threatening injuries. A 24-year-old Neshkoro man was uninjured. Neither man has been identified.

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