OTHER NEWS - Oct. 28, 1993

Corporate Gadfly Hanging Up Its Wings: The United Shareholders Assn., the voice of the little guy in the battle for shareholder rights and corporate accountability, says its mission is accomplished and it is shutting down. Founded seven years ago by takeover strategist T. Boone Pickens, United Shareholders was instrumental in widening the public debate on how corporations deal with their shareholders. “That was the mission, and I’m proud to say mission accomplished,” President Ralph Whitworth told a gathering of institutional investors, including state and union pension funds. “We don’t want to perpetuate a beltway bureaucracy. We don’t want to be another Washington paper tiger--feeding off our membership,” Whitworth said, explaining why the group’s four-member board voted to close down by year’s end.