November 1997, Volume 4, number 9
by Mary-Beth Baptista
On Sept. 14, the first anniversary of logging in Northern California's Headwaters Forest, Texan protesters marched through Houston past Maxxam headquarters, reminding Chief Executive Officer Charles Hurwitz that opposition to logging in
Headwaters is not limited to the West Coast. Hurwitz bought out Pacific Lumber in 1985 with $864 million worth of junk bonds (high-interest notes). When event organizer Kelly Komiss presented Maxxam's public-relations director with a petition asking that Maxxam protect the Headwaters forest and the species that reside there, he responded by asserting Maxxam's right to clearcut its private property.
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