Russell Hubbard
Omaha World-Herald
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Past articles by Russell:
They’re ‘taking from us’ — Western Electric retirees say prosperous union pension fund being raided
The way the union retirees of the old Western Electric plant in the Millard area see it, the money is theirs and that’s that. → Read More
Top execs pocketed $62.5M as key decisions were made in 2012-2014 that led ConAgra to today's fate
The six highest-paid executives at ConAgra Foods collected about $63 million in aggregate compensation during the crucial three years when they were making many of the decisions that led to what employees face today: the payroll slashed, the headquarters moving to Chicago, the company splitting into two. → Read More
BNSF chief open to Northern, CSX deal, but U.P. reaffirms it won't be in the bidding should merger start
Omaha-based Union Pacific, the second-largest U.S. railroad by ton-miles, reiterated its standard position Friday, saying combinations such as the one being pursued by Canadian Pacific for Norfolk Southern will not enhance competition and will disrupt the business of hauling the nation’s fuel, food and fiber. → Read More
As key decisions were made in 2012-2014 that led ConAgra to today's fate, top execs pocketed $62.5M
The six highest-paid executives at ConAgra Foods collected about $63 million in aggregate compensation during the crucial three years when they were making many of the decisions that led to what employees face today: the payroll slashed, the headquarters moving to Chicago, the company splitting into two. → Read More
EPA increases renewable fuels standard, giving boost to Nebraska, Iowa ethanol industries
The EPA’s final rule for 2016 requires 18.1 billion gallons of renewable fuels to be blended in with clear gas; the agency has no separate requirement for corn-based ethanol, but in practice, it has accounted for more than 70 percent of the total in recent years. → Read More
Three former TierOne execs to be sentenced in February
Former TierOne Bank Chief Executive Gil Lundstrom and the two ex-bank bosses who helped convict him are scheduled to be sentenced on consecutive days in late February. → Read More
Growth-minded Green Plains moves to Aksarben Village with aspirations of cracking the Fortune 500
The company, which is one of the nation’s largest ethanol producers, said it is moving from 450 Regency Parkway to an under-construction building at 1811 Aksarben Drive, in the heart of the retail, restaurant and business district on the banks of Little Papillion Creek. → Read More
In U.S. financial crisis, TierOne's ex-CEO is only one to get jail time
Gilbert Lundstrom appears to be one of the only — and perhaps the only — CEO of a housing crisis-era financial institution to face federal criminal prosecution and be found guilty. → Read More
Ex-TierOne Bank CEO guilty on 12 of 13 charges, could face decades in prison
Gil Lundstrom was indicted last year on charges related to the insolvency of Lincoln-based TierOne, which collapsed after lending millions to out-of-state homebuilding companies that were trying to cash in on the housing bubble last decade. → Read More
Ex-TierOne Bank CEO guilty on 12 of 13 charges
Gil Lundstrom faces decades in prison after his convictions. → Read More
No intent to deceive or orchestrator of fraud? Jury deliberates in ex-TierOne chief's trial
Gil Lundstrom was indicted last year on 13 counts related to the insolvency of Lincoln-based TierOne, which collapsed after lending millions to out-of-state homebuilding companies that were also trying to cash in on the housing bubble last decade. He faces decades in prison if convicted on all counts and is sentenced to the maximum penalties. → Read More
Former TierOne CEO takes the stand and denies it all
By testifying, Gil Lundstrom opened himself up to cross-examination by prosecutors, who were free to question him about a wide variety of topics related to his tenure at TierOne. → Read More
Key witness in TierOne trial, attorney for ex-CEO face off in court with testy exchanges
On the witness stand was former TierOne Chief Credit Officer Don Langford, who pleaded guilty last year and is testifying against his former boss; Gil Lundstrom, 74, faces dozens of years in prison if convicted of 13 counts related to hiding losses from investors and regulators while leading the Lincoln-based bank. → Read More
Witness: TierOne Bank CEO knew of bad loans; they were written on a napkin
The government's second star witness in the TierOne Bank fraud trial Wednesday said ex-Chief Executive Gil Lundstrom not only knew the bank's loan portfolio was plagued with delinquent debt, he knew tens of millions in losses were being hidden from investors and regulators. → Read More
TierOne ex-CEO trial reveals chaos of bank’s executive culture
Ex-Chief Executive Gil Lundstrom, 74, faces decades in prison if convicted on all 13 counts against him related to deceiving investors and banking regulators about the Lincoln-based bank’s financial health. The bank was shuttered in 2010, insolvent, with shareholders wiped out. → Read More
Defense continues effort to chip away at credibility of star witness in trial of ex-TierOne CEO
Ex-Chief Executive Gil Lundstrom is facing decades in prison if convicted on all 13 counts against him related to the collapse of Lincoln-based TierOne in 2010, the largest bank failure in Nebraska history. → Read More
Former TierOne president says ex-CEO lied about loan portfolio
At various times after 2008, it emerged, TierOne’s reserve for loans unlikely to be repaid was seriously deficient, off by 100 percent at one point, only $30 million, when $60 million was required. → Read More
TierOne ex-CEO was 'driving force' behind fraud, former president says
“He was the driving force,” said former TierOne President James Laphen, testifying at the federal criminal trial of ex-Chief Executive Gil Lundstrom. “... He was aware and part of the process.” → Read More
Union Pacific: As profits sink and furloughs rise, it's uncertain times ahead for the railroad
Worries about the economy translate into worries about Union Pacific, which reported third-quarter freight volumes that fell 6 percent and profit that dropped 5 percent. → Read More
Forbes ranks Nebraska No. 3 on list of best states for business
“Nebraska reaches an all-time high of No. 3 in the Best States rankings thanks to its low business costs and business-friendly regulatory climate,” Forbes reported. → Read More