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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


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
What We're Working OnSubmitted: 10/01/2014

- Four Wisconsin State Assembly candidates will debate in Wausau tonight. The two Democrats and Republicans will argue about topics like jobs, healthcare and the direction of the area. We'll have a preview of the debate tonight on Newswatch 12.

- Cranberry Fest draws about 40,000 people to Eagle River each year. Organizers think this year will be no exception. They started preparing for this weekend's festival today. Find out more tonight on Newswatch 12.

- The Milwaukee Symphony Orchestra will perform tonight in Rhinelander. We caught them earlier today at a special concert for students in Rhinelander. Hear what brought them here and how you can go to their concert tonight.

We'll have the details on this story and more tonight on Newswatch 12 - news from where you live.

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Man found guilty of murdering parentsSubmitted: 10/01/2014

IRON RIVER, WISCONSIN - An Iron River, Wisconsin man admits to killing his parents last winter.

45 year old Jim Crain Jr. pleaded guilty in Bayfield County to two counts of second-degree intentional homicide.

The state is recommending 15 to 20 years in prison on each count.

Crain was accused of killing his parents, 79 year old James Crain and 76 year old Eunice Crain.

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Money wanted for education campaign on voter identificationSubmitted: 10/01/2014

MADISON - People need to know that they must carry photo identification to the polls next month.

The Wisconsin state elections board wants to spend about $460,000 to educate residents over the next five weeks.

The Government Accountability Board wants state Legislature to make money available.

It would be used for an education campaign on television, radio, and the internet.

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Man faces charges connected to woman's murder & disapperance; Read the criminal complaintSubmitted: 09/30/2014

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WAUSAU - A 34-year-old man will face three charges for the 2010 disappearance and murder of a Wausau woman.

Kristopher Torgerson is charged with first degree intentional homicide, armed robbery and hiding a body. Those charges were filed in Marathon County Tuesday, according to online court records.

Stephanie low had been missing since October of 2010. Torgerson agreed to show police where to find low's body earlier this month.

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Update-Inmate captured after failing to return to jailSubmitted: 09/30/2014

MARATHON COUNTY - An inmate who didn't return to jail from Huber release will now get a chance to think about his mistake.

The Marathon County Sheriff's department confirms inmate Tommie Rothenberger has been captured.

He was found in Waupaca County around 5:30 last night.

Rothenberger was let out of the Marathon County Jail Friday morning to go to school at Northcentral Technical College.

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Virgin Airlines lets some employees have unlimited holiday vacation days, experts say strategy won't work in Northwoods Submitted: 09/30/2014

NORTHWOODS - Unlimited vacation time might sound unrealistic, but Virgin Airlines is letting some of its employees take off whenever they want. Nicolet Staffing thinks that wouldn't work in the Northwoods.

Virgin Airlines got the idea from Netflix. One hundred seventy employees can only take the unlimited days off when they feel that their team is up to date with every project. They also need to make sure their vacation time won't damage the business or their career.

Nicolet Staffing branch manager Robert Erickson says with so many manufacturers in the Northwoods, that system isn't possible.

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Iconic northern tree species could disappear as Northwoods climate warmsSubmitted: 09/30/2014

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FIFIELD - "Here's the paper birch, or white birch. It's one of my favorite trees," Linda Parker tells me as we walk through a part of the Chequamegon-Nicolet National Forest near Fifield.

But her next thought on the tree is not so pleasant.

"This again is one of the species that occurs at the southern edge of its range here. It's more common to the north," she says. "This is another species in which we expect to see large declines."

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