October 31, 2002

Carolina in the News

Current National Coverage

Here is a sampling of links and notes about Carolina 
people and programs cited recently in the national media:

Carolina alumnae Sallie Krawcheck is the focus today of a major national business story: an announcement 
Wednesday that she has been tapped to lead a new spin-off of Citigroup Inc. as part of a response to recent 
Wall Street trading scandals. The appointment makes Krawcheck one of the most influential women working 
on Wall Street. And her Carolina connections are cited in some of today's coverage that includes The Wall 
Street Journal and Bloomberg Business News, a major wire service, USA Today, Newsday, The National 
Post (Canada), The Globe and Mail (Canada) and Newsday (Long Island, N.Y.). National Public Radio also 
interviewed Krawcheck for a report on "Morning Edition."

A Morehead Scholar and Phi Beta Kappa graduate, Krawcheck earned a bachelor's degree in journalism in 
1987. She remains active as a member of the Board of Visitors and a member of the Morehead Alumni 
Campaign Leadership Committee, part of the Carolina First Campaign. She also was one of three people with 
Carolina ties recently named to Fortune magazine's list of the 50 most powerful women in business. For more 
about Krawcheck, go to this link from the Morehead Foundation: 
http://www.moreheadfoundation.org/servlets/RouterServlet?handler=News&start=0&act=publicview&id=138

Today's coverage follows:

An Outsider Aims to Restore Luster to Citigroup Research
The Wall Street Journal
Five years ago, Sallie Krawcheck irked Sanford Weill by making bearish comments on the acquisition of 
Salomon Inc. by his financial-services firm, Travelers Group. Now Mr. Weill is hoping her reputation for plain-
speaking stock research will put a shine on the nicked name of his current company, Citigroup Inc... There she 
distinguished herself as a student, winning the prestigious Morehead scholarship to attend the University of North 
Carolina at Chapel Hill with her tuition fully paid. After four years at UNC, Ms. Krawcheck graduated in 1987 
with academic honors and a bachelor's degree in journalism -- a career that, save for a summer internship at 
Fortune, she never pursued...
http://online.wsj.com/article/0,,SB1036030068462111471,00.html?mod=j20%2Dspcl%2Danalyzingtheanalysts%2Ehtm%5F1

(Note: Multiple units including News Services, development and the Morehead Foundation worked together 
Wednesday to supply background information about Krawcheck's Carolina connections to one of the reporters 
working on this story as well as for the Bloomberg News story below. This morning's print edition of The Journal 
incorrectly reported the Morehead name; the online version of the paper has made a correction this morning and 
a separate revision with the print version is in the works. The Wall Street Journal requires a subscription to 
access articles.)

Citigroup hires 'last honest analyst,' separates operations 
Bloomberg News/The Seattle Times
Citigroup will create a new unit for its brokerage and equity-research departments to separate analysts from 
investment bankers, as the world's biggest financial-services firm seeks to end conflicts of interest under 
investigation by regulators. The new unit will be known as Smith Barney. Hired by Citigroup Chairman and Chief 
Executive Officer Sanford Weill to lead it is Sallie Krawcheck, chief executive of Sanford C. Bernstein, a research 
firm that does no investment banking...
http://seattletimes.nwsource.com/html/businesstechnology/134566239_citigroup310.html

Citigroup's 'giant step forward'
USA Today 
Citigroup, hoping to put behind it the allegations of biased stock research and conflict of interest that have besieged 
it, on Wednesday reached into an investment-research firm known for its independence and tapped an executive 
known for hers. (Related story: Citigroup to separate research, investment banking).... After graduating from the 
University of North Carolina and earning an MBA from Columbia University, Krawcheck worked in corporate 
finance at investment banks Donaldson Lufkin & Jenrette and Salomon Bros.
http://www.usatoday.com/money/industries/banking/2002-10-30-sallie_x.htm

Not your average library
The Christian Science Monitor
With a history that predates Yahoo and Netscape Navigator, ibiblio.org is now one of the largest "collections of 
collections" on the Internet. Chiefly maintained by students, and fielding some 3 million requests for information per 
day, the site is celebrating its 10th birthday – and, as it was on the first day, everything is still free. The site is a 
cooperative project of the University of North Carolina and the Center for the Public Domain. It's contents are free 
to view and download, including materials you would normally expect to pay for, such as music and software...
http://www.csmonitor.com/2002/1031/p25s01-stin.html

State and Local Coverage

University endowments hold almost steady 
News and Observer
While many Americans suffered punishing double-digit losses to their retirement funds during the past year, university 
investments in the Triangle fared better -- holding steady or posting modest declines... UNC-Chapel Hill had better 
news -- its main investment fund was up about 1 percent, on the heels of a 3.7 percent loss in 2001.. Both Duke 
and UNC-CH are on track to increase their endowments significantly -- Duke has raised $1.9 billion toward a $2 
billion fund-raising goal, and UNC-CH officially kicked off its $1.8 billion campaign earlier this month. Duke's 
endowment, $2.37 billion as of June 30, is by far the largest university endowment in North Carolina. UNC-CH's 
endowment stands at a little more than $1 billion, and NCSU's is $297 million...
http://newsobserver.com/news/triangle/story/1876257p-1865832c.html

Wolfpack's success in football makes N.C. State clothing items fast movers
News and Observer
Tony Crespo doesn't know N.C. State coach Chuck Amato, but he knows the football success of Amato's 
Wolfpack has been awfully good for business... UNC hasn't had a problem getting the space or selling its 
merchandise. Its licensing revenue represented a 12 percent increase from fiscal 2001. Rutledge Tufts Jr., director 
of trademarks and licensing at UNC, said the Tar Heels' sports success and institutional reputation are important... 
After deducting operational expenses, UNC puts 75 percent of the royalty money into the school's general 
scholarship fund, and 25 percent goes to the athletics department...
http://sports.newsobserver.com/sports/college/ncsu/story/1876061p-1865754c.html

Pumpkin Run stirs grass-roots enthusiasm
Chapel Hill News
Some people hate to run; others can tolerate it. Chapel Hill’s John Hinton hungers for it. He gobbles up mileage like 
most folks gobble up State Fair food... Certain affiliates with See Jane Run, an organization of women runners 
founded by 1996 U.S. Olympian and former UNC track coach Joan Nesbit Mabe. Her group and the Chapel Hill 
YMCA were major sponsors of the event... See Jane Run commended UNC for graciously allowing the use of the 
property for the race, and its members recommended that race participants write to UNC Vice Chancellor Tony 
Waldrup to thank him... “It was fun,” said 20-29-year old women’s division winner Emily Cupito, representing the 
UNC Running Club... Fellow UNC freshman Amber Malley agreed...
http://www.triangle.com/triangle.com/communities/chapelhill/sports/story/1874442p-1864265c.html

UNC-Chapel Hill to put up gates
News 14 Carolina (Time-Warner)
Soon, parts of UNC-Chapel Hill may resemble a gated community. The university's public safety workers plan to 
put gates on campus parking lots. Officials hope the gates will save money for the university. Last year, a judge 
ruled money collected from parking violations at UNC-Chapel Hill must go back to the state to fund public 
education...
http://rdu.news14.com/content/your_news/durhamchapel_hill/?ArID=17232&SecID=42

Personal attacks are out of order (Letter to the Editor)
Chapel Hill News
In his Village Voices column of Oct. 23, UNC professor Harry Amana gave his full approval to singer Harry 
Belafonte’s description of Secretary of State Colin Powell and National Security Advisor Condoleeza Rice as 
President Bush’s house slaves -- a nicer word than the usual racial slur...
http://www.triangle.com/triangle.com/communities/chapelhill/opinion/story/1874394p-1864215c.html
(Note: The Chapel Hill News publishes all letters to the editor on the same web page. To view this 
letter, please go to the above url and scroll down the web page.)

Issues and Trends Affecting Carolina

B's, Not Need, Are Enough for Some State Scholarships
The New York Times
Kelly Ryan has made good use of her college trust fund. It has bought a trusty Honda, trips to Italy, Switzerland, 
Argentina, some painful lessons about picking her own stocks and, if all goes well, maybe even her first piece of 
real estate after graduation. About the only thing it is has not paid for is, well, college...
http://www.nytimes.com/2002/10/31/education/31MERI.html
(Note: The New York Times requires free registration to access articles.)

Plan links economy to education 
News and Observer
With the state still suffering from one of the highest unemployment rates in the nation, a coalition of business, 
government and education leaders Wednesday called for more tax breaks to companies that create good-paying 
jobs...
http://newsobserver.com/news/story/1876076p-1865734c.html

Without UNC, town would not exist (Letter to the Editor)
Chapel Hill News
The Chapel Hill Town Council must give up its fight to eliminate students from “their” town. How hard is it to
realize that without UNC, this town does not exist in its current form?...
http://www.triangle.com/triangle.com/communities/chapelhill/opinion/story/1874394p-1864215c.html
(Note: The Chapel Hill News publishes all letters to the editor on the same web page. To view this 
letter, please go to the above url and scroll down the web page.)

Chapel Hill braces for 50,000 Halloween revelers
Chapel Hill News
Batten down the hatches and clear out any debris — it’s Halloween time in Chapel Hill again as the town braces 
for its annual surge of costumed revelers...
http://www.triangle.com/triangle.com/communities/chapelhill/story/1874410p-1864227c.html

Note: If you have any questions about Carolina in the News, 
please call Cathleen Keyser or Mike McFarland at News Services, 
(919) 962-2091 or news@unc.edu or mike_mcfarland@unc.edu