| Business Summary | | U.S.
Office
Products
Co.
supplies
office
products
and
business
services
to
corporate
customers.
The
Company
serves
a
broad
range
of
business
customers
in
North
America,
New
Zealand
and
Australia.
The
Company
also
owns
Mail
Boxes
Etc.,
which
franchises
retail
business,
communications
and
postal
service
centers
around
the
world
(MBE).
In
addition,
the
Company
owns
49%
of
Dudley
Stationery
Limited,
a
contract
stationer
in
the
United
Kingdom.
The
Company's
business
units
include
U.S.
Office
Products--North
America;
vending
and
office
coffee
service
businesses
operated
under
the
USRefresh
name;
MBE,
a
franchisor
of
retail
business,
communications
and
postal
service
centers,
and
the
Blue
Star
Group
Limited
(New
Zealand)
and
Blue
Star
Group
Pty.
Limited
(Australia)
subsidiaries,
which
own
and
operate
bookstore
chains.
In
March
2001,
the
Company
announced
that
it
and
certain
subsidiaries
have
filed
petitions
for
reorganization
under
Chapter
11
of
the
U.S.
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Office
Products
Co.
sells
a
variety
of
office
and
educational
products
to
corporate,
commercial,
industrial
and
educational
customers.
For
the
nine
months
ended
1/27/01,
revenues
decreased
19%
to
$1.53
billion.
Net
loss
before
extraordinary
item
totaled
$804.1
million,
up
from
$81.2
million.
Revenues
reflect
the
sale
of
13
businesses
during
fiscal
year
2000.
Net
loss
reflects
the
divestiture
of
several
high
margin
businesses
and
a
change
in
the
amortization
period. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Charles Pieper, 53 Chairman | -- | Warren Feldberg, 50 Pres,
CEO | $1.2M | Jay Mutschler, 48 Pres
of US Office Products of North America | 355K | Joseph Doyle, 53 Exec.
VP- Fin., CFO | 396K | Anne Smyth, 49 Exec.
VP- E Commerce and CIO | 379K | Dollar amounts are as of 29-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|