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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 03 Sep 2001   For week ended August 31, 2001
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Business News

Covey Attacked for London, Ontario Schools Use of Book, Seminars
Parents, teachers and activists in the London, Ontario schools are attacking their school board over the used of training materials and seminars produced by Franklin-Covey, the firm founded by LDS Church members Hyrum Smith and Stephen R. Covey. But while the complaints allege that the money could be better used and that the materials don't help make better teachers and instruction in the district, they also claim that the materials promote the teachings of the LDS Church. And some of the complaints seem to object simply because Stephen R. Covey is Mormon.

Amid Saginaw Well Complaints, LDS Church Reaches Out to Neighbors
A ruling by Michigan Circuit Judge William Crane last week, against two Saginaw County farms owned by Walther Farms and The Church of Jesus Christ of Latter-day Saints, prompted representatives from the Church to visit 26 nearby homes. The court charged that the two farms must pay $4,000 each for water storage tanks to the 22 families that lie within a half-mile of the irrigation wells, a distance the court concluded that shows a connection between irrigation and the resident's problems.

Franklin Covey Favors LDS Members, Lawsuit Alleges
A lawsuit was filed Friday in U.S. District Court of the Eastern District of Pennsylvania as thirteen former employees of a Franklin Covey Co. subsidiary, alleged discrimination because they were not members of The Church of Jesus Christ of Latter-day Saints. According to Plaintiff attorney William Maher, the former employees of Premier School Agendas Co. of Bellingham, Washington, who worked in the Premier regional office in Blue Bell, Pa. alleged they were passed over for promotions, had sales territories restricted and were denied profit sharing and stock option benefits.

MSI Up with NASDAQ, Led by NPS Pharmaceuticals
Led by NPS Pharmaceuticals, the Mormon Stock Index rose 2.7% last week, in line with the NASDAQ index and higher than the Dow Jones and other companies. But the rise in the index was broadbased, with 22 stocks up and just 11 down for the week. 1-800-Contacts led the down stocks, falling nearly 11% for the week.


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