Good Money drops companies from its Industrial and Utility Averages for the same reason that Dow Jones drops companies: the company goes private or declares bankruptcy. Good Money also drops companies, regardless of their financial performance, if the companies abandon their social practices, experience serious social problems, or no longer have the social record that warranted their inclusion in the first place.

The following are the companies that have been dropped from the GOOD MONEY Industrial and Utility Averages since their inception. Thirty-seven changes have been made in the following fifteen years:

1990

---

• With a change in management Atlantic Richfield abandoned good environmental policies and practices.

• Tucson Electric Power executives are charged with insider trading and fraud.

---

1991

---

• MCI Communications is replaced by US West, a company with a much stronger social record.

• Meredith had a social responsibility record that was not that strong.

• Norton Company, a company with exceptional social programs and practices, is acquired in a friendly buyout by France-based Compagnie de Saint-Gobain.

• Snap-on Tools is charged with mistreatment of franchisees.

• TECO Energy has environmental problems.

• Walt Disney has extensive environmental, executive pay, and other problems.

• With the death of An Wang, Wang Labs abandons almost all socially responsible programs and practices.

---

1992

---

• Kansas Power & Light purchases a utility company with a nuclear power plant.

• Orange & Rockland Utilities starts purchasing nuclear-generated power.

---

1993

---

• Digital Equipment abandons its long-standing no-involuntary-layoffs policy.

• With change in CEO, Stride Rite closes its Roxbury plant to move to the South, abandoning its corporate day-care center.

---

1994

---

• Blockbuster Entertainment is acquired by Viacom.

---

1995

---

• Geothermal energy producer California Energy replaces Magma Power, as the former acquires the latter in a friendly buyup.

• Lotus Development, a company with excellent social records, is acquired by International Business Machines.

---

1996

---

• FlightSafety International was acquired by Berkshire Hathaway.

• Melville Corporation's name changed to CVS Corporation whose principal holding is CVS Pharmacy.

---

1997

---

• Polaroid abandons all its special programs for employees and announces large sudden layoffs (the company is also said to have serious environmental probems).

• The Student Loan Marketing Association (Sallie Mae) goes private after a year of financial problems.

• Zurn Industries merges with U.S. Industries.

---

1999

---

• Amoco merged with BP (British Petroleum).

• A. T. Cross was replaced by Intel to better reflect the industry distribution on the DJIA.

• CalEnergy was acquired by MidAmerican Energy.

• CILCORP was acquired byAES Corp.

• Ford Motor, a company not known for social responsibility, buys Volvo's passenger auto division.

2000

---

• Consolidated Natural Gas merged with Dominion Resources.

• Consolidated Papers was acquired by Stora Enso.

• Dayton-Hudson became a part of Target Stores.

• Southwestern Public Srrvice became a subsidiary of New Century Energies which, in turn, merged with Excel Energy.

• United Water resources was acquired by Suez Lyonnaise des Eauxtrades.

---

---

Visit Our Other Pages:

If you did not reach this page through our home page, please read our disclaimer.

If you are looking for a particular company/organization/fund/place/etc.,
check out our Index of Listings for Our Web Pages,
or try our search engine at the top of this page.

We also have a complete listing of all of our web pages.

---

Last updated on January 10, 2001.