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

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

TAYLOR COUNTY - Slippery road conditions could have caused the death to one person and injuried 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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Downtown Rhinelander debuts Holiday Open House SaturdaySubmitted: 11/21/2014

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RHINELANDER - The opening of the gun deer season often leaves wives and girlfriends at home on their own.

Downtown Rhinelander hopes it can attract many of those women, and maybe even some men, to get started on holiday shopping.

The first-ever Holiday Open House on Saturday will feature sales, special events, and demonstrations at several businesses.

Its timing falls perfectly with the hunting season.

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Remember safety when gun deer season kicks off tomorrowSubmitted: 11/21/2014

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ANTIGO - Saturday kicks off the start to the nine day gun deer hunting season here in Wisconsin.

Many people in the Northwoods spent this Orange Friday shopping for their last minute hunting gear.

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Going above and beyond in the classroom; Meet the special ed teacher who's Submitted: 11/21/2014

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RHINELANDER - Teachers can be influential and important people in children's lives.

For the ones that go above and beyond in the classroomâ€"it's the students who benefit.

A Crescent Elementary School special education teacher is really making a difference in her student's lives.

Amy Scholz works with four students.


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Tomahawk Future Business Leaders design t-shirts for eventSubmitted: 11/21/2014

TOMAHAWK - People won't have trouble finding blaze orange in shops across the Northwoods.

One group of Northwoods students is capitalizing on the popularity of the hunting season.

Tomahawk High School's Future Business Leaders of America (FBLA) designed and sold shirts at Friday's 49th Annual Venison Feed.

The young business students did more than just put a design on a t-shirt and sell them.

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