Gwinnett Daily Post

local

Chamber vice president going to 1818 Club

LAWRENCEVILLE - Lisa Zaken, the Gwinnett County Chamber of Commerce vice president of member services, is moving upstairs to join the 1818 Club as its new membership director.

"We are pleased with this new opportunity for Lisa and wish her the best in her new role," said Gwinnett Chamber of Commerce President and CEO Jim Maran. "The legacy she is leaving at the Chamber is very

positive,"

Zaken guided the Chamber to substantial growth in membership and launched programs, including the Town Business Connection. That program helped unite the Chamber and the 15 municipalities in Gwinnett.

The Gwinnett Chamber, one of the

largest business organizations in Georgia, serves more than 2,500 Gwinnett County businesses.

national

WorldCom ex-controller gets year and a day in prison

NEW YORK - Former WorldCom controller David Myers, the third-ranking company executive charged in the $11 billion accounting fraud, was sentenced Wednesday to one year and one day in prison.

U.S. District Judge Barbara Jones said she was sparing Myers, 47, a longer prison term because of his extraordinary cooperation with the government and his early admission of responsibility and remorse.

As controller, Myers admitted he instructed WorldCom's accounting department to make billions of dollars in adjustments to financial statements so the company could meet Wall Street expectations.

He said he did so on orders from Scott Sullivan, the company's chief financial officer, who today will become the sixth former WorldCom executive to be sentenced.

Unocal shareholders approve Chevron takeover

LOS ANGELES - Shareholders of oil and gas company Unocal Corp. formally voted Wednesday to accept a takeover bid by Chevron Corp., even as some at the meeting continued to lament a failed rival bid by a Chinese oil company.

The approval of the approximately $18 billion purchase of the world's ninth-largest oil company follows months of negotiations and a high-profile courtship from CNOOC Ltd., a Chinese oil company that hoped to secure energy resources needed to accompany its country's rapid economic growth.

The two companies said the deal would be final later in the day and its stock would be delisted after Wednesday.

- From staff, wire reports