GPU Honored for Foreign Investment Policies; Fred Hafer Accepts BBB's Ethics in Business Award-R- on behalf of GPU.MORRISTOWN, NJ--(BUSINESS WIRE)--Oct. 28, 1998--GPU Chairman, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Fred Hafer was presented the "Ethics In Business" award by The Better Business Bureau for GPU's unique screening criteria used to select countries around the world where it will invest capital for utility systems. In accepting the award, Hafer acknowledged, "For receiving this recognition, I am both proud and grateful. "Proud" of our policies that are too seldom seen Seldom Seen was a horse that competed at the highest levels of dressage with his rider, Lendon Gray.
As changes have come to the electric industry, GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. , like many other utilities, has ventured offshore seeking growth opportunities. GPU's policies make some potentially lucrative countries off-limits. "I firmly believe that if a nation is incapable of treating its own people with compassion compassion, n a profound awareness of another's suffering coupled with a desire to alleviate that suffering. , concern, and dignity, then there is no reason for me to think they will treat me, an outsider Outsider often refers to one identified as on the periphery of social norms, one living or working apart from mainstream society, or one observing a group from the outside, as used in:
The Bureau's "Ethics in Business" award is presented annually "...to honor, recognize and bring to public attention a company that has exemplified, promoted, encouraged or successfully addressed issues concerning ethical behavior in business practice, and to recognize individuals responsible for these efforts," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Joel Wein, president of The Better Business Bureau. The Better Business Bureau (BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. ) is an independent organization founded in 1912 that promotes ethical business practices, fosters consumer protection and education, and furnishes information on companies upon which consumers and businesses can base purchase decisions. The BBB mediates and arbitrates marketplace disputes, monitors advertising for accuracy and investigates and reports upon questionable business practices. Although not a government agency, the BBB works cooperatively with regulatory and law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). . GPU, Inc., headquartered in Morristown, NJ, is a registered utility holding company. GPU's transmission and distribution subsidiaries-- currently doing business under the trade name GPU Energy--serves approximately two million customers in a service area encompassing about half the land areas of New Jersey and Pennsylvania. GPU's other subsidiaries include: GPU Generation, Inc.; GPU Advanced Resources, Inc.; GPU Nuclear, Inc.; GPU Service, Inc. and the GPU International Group which owns, operates, develops and invests in power generation transmission and distribution facilities globally. |
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