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MEMORANDUM ..0 To: Francis K. Decker, Jr. December 10, 1981 From: Jeffrey Sherman Re: Pittsburgh Corning Corporation At your request I have prepared a brief summary concerning the Pittsburgh Corning*Corporation. Since Pitts- burgh Corning Corporation is a privately held company, it does not issue Annual Reports or file documents with the Securities & Exchange Commission. According to Moody's, Pittsburgh Corning Corpora- tion is a subsidiary of Corning Glass Corporation (50%) and PPG Industries (50%). The Company's primary products are glass blocks, Foamglas thermal insulation, sound absorbers and geocoustic unit sound absorbers. There is no mention of any product that is made out of asbestos. Sales for 1980 were over $60 million. There are 1150 employees. The Company address is 800 Presque Isle Dr., Pittsburgh, Pennsylvania. The officers of the Company are as follows: John L. Baldwin .......... Richard L. Lambden ....... Carl P. Olm .............. John H. Price, Jr. ....... President Vice Pres. (Mfg.) Vice Pres. (Mktg.) Vice Pres. (Finance) and Secretary

. ...... - r.......-...._......'C.._...:a....e~-....:<.......-....-A.6. y W -` .r 0 -2- The majority of the members of Pittsburgh Corning Corporation's Board of Directors are executives of the parent companies: Frank V. Breeze .. ....... J. E. Burrell .......... John L. Baldwin .......... Van C. Campbell .......... Allen W. Dawson .......... Amory Houghton, Jr. ...... L. Stanton Williams ..... Senior Vice Pres., PPG Industries President & Chief Operating Officer, PPG Industries President, Pittsburgh Corning Corp. Senior Vice Pres. for Finance, PPG Industries BackgYound unknown Chairman of the Board and Executive Officer, Corning Glass Works Chairman of the Board and Chief Executive Officer, PPG Industries It is interesting to note that of seven directors, at least four are from PPG Industries, one is President of Pitts- burgh Corning Corporation, one is from Corning Glass Works and one could not be identified, even though PPG Industries and Corning Glass Works are supposed to have an equal fifty percent interest in the Company. Primary Law firm: Reed, Smith, Shaw and McClay Pittsburgh, Pennsylvania According to the Asbestos Litigation Reporter dated November 25, 1981, page 4164, ~ %. James J. Restivo is the lawyer in charge of their asbestos litigation. A copy of the Martindale-Hubbell description of the law firm is attached hereto. Because of the relatively little amount of informa- tion available about Pittsburgh Corning Corporation T have (b G1 , ~ also examined the two parent companies. ~ O W

10) -3- Corning Glass Works According to Moody's and Corning's 1980 Annual Report, Corning is engaged in the manufacture and sale of products made from specialty glass and inorganic chemicals. It also produces a limited line of medical instruments, laboratory and scientific optical materials, electric material components and systems. aviation and According to Fortune Magazine's 1981 Directory of U.S. Industrial Corporations (May 4, 1981), Corning ranks as follows: Fortune 500 Sales Assets Net Income Rank ($000) ($000) Rank ($000) Rank 227 1,529,670 1,499,624 192 114,720 168 OfEicers: ..• Directors: Thomas C. MacAvoy ...... Chesley P.W. Booth ..... Van C. Campbell ........ James L. Flynn ......... Kirtland C. Gardner .... John H.J. Guth ......... Robert Turissini ....... Richard B. Klein ....... William J. O'Brien III . James E. Riesbeck ...... Thomas C. MacAvoy ...... Forrest E. Behm ........ Van C. Campbell ........ Robert L. Genillard .... Ea?rning Grcxath No. of Per Share Rate Employees 1980 '70-'80 Rank 28,800 6.26 10.68 321 Chairman of the Board and President Vice President, Secretary Financial Vice President Vice President, Treasurer Vice President Vice President Vice President Assistant Treasurer ro~, Assistant Secretary Q~ Vice President, Controller ~ ~ O ~ Chairman of the Board and President, Corning Int'l. Senior Vice President, Corning Glass Works Senior Vice President, Corning Glass Works Chairman, Board of Management Thyssen-Bornemisza, N.V. The Netherlands

. I ' ~. L -4- Amory Houghton, Jr. ... James R. Houghton ...... Emilio van Peborgh ..... Helmut Sonenfeldt ...... Edward H. Tuck ......... Robert Turissino ....... William C. Ughetta ..... Sidney J. Weinberg, Jr.. Leroy Wilson ........... Chairman of the Board, Corning Glass Works Vice Chairman, Corning Glass Works Chairman of the Board, Rigolleau, S.A., Buenos Aires, Argentina Guest Scholar, The Brookings Institution, Washington, D.C. Partner, Shearman & Stearling, New York, N.Y. Senior Vice President, Corning Glass Works Vice President, General Counsel & Secretary, Corning Glass Works Partner, Goldman, Sachs & Co. New York, N.Y. President, Corning Europe, Inc. There is no mention in the 1980 Annual Report of any .e litigation against it or its subsidiaries. PPG Industries According to Moody's and PPG's 1980 Annual Report, PPG Indust'ries manufactures flat glass (country's largest prod- ucer), auto and aircraft glass, residential and commercial glass, chemicals, paints and refinishers and fiberglass. According to Fortune Magazine's 1981 Directory of U.S. Industrial Corporations, PPG Industries ranks as.follows: Earning Growth Fortune 500 Sales Assets Net Incozrie No. of Per Share Rate Rank ($000) ($000) Rank ($000) Rank Employees 1980 '70-'80 Rank 116 3,158,400 2,825,900 96 209,200 88 37,300 6.34 11.61 191 Clt

Officers: Directors: -5- L. S. Williams ......... J. E. Burrell .......... F. V. Breeze ........... V. A. Sarni ............ R. H. Blair ............ William Carpenter ...... G. L. Cobb ............. E. H. Eaton ............ R. A. Eberly ........... D. G. Griffin .......... R. H. Mitchel .......... F. B. O'Neil ........... R. B. Parran ........... R. H. Peake, Jr. ....... E. I. Sproull, Jr. ..... W. R. Jennings ......... R. W. LeBoeuf .......... Edward Mazeski, Jr. .... Robinson F. Barker ..... Edmund C. Bovey C.M. ... J. Earl Burrell ........ Douglas D. Danforth .... Stanley C. Gault ....... R. Burt Gookin ......... James F. Junge ......... Stephen F. Keating ..... Thomas J. McHugh ....... Robert W. Morse ......., Joseph A. Neubauer ..... Jack W. Robbins ........ Julio A. Torres ...,.,,, L. Stanton Williams .... Chairman and Chief Exec. Off. President and Chief Oper. Off. Senior Vice President Senior Vice President Vice Pres., Admin. Service Vice Pres., Corp. Relations Vice Pres., Supply Vice Pres., Pension Invest. Vice Pres. and General Counsel Vice Pres., Distrib. and Trans. Vice Pres., Finance Vice Pres., Corp. Develop. Vice Pres., Employee Relations Vice Pres., Government and Public Affairs Vice Pres., Tax Admin. Controller Treasurer Secretary Retired Chairman of the Board and Chief Exec. Off., PPG Industrries, Inc. Chairman of Board, Norcen Energy Resources Ltd. (Canada) Pres. & Chief Oper. Off., PPG Industries, Inc. Chairman of the Board, Rubber- maid, Inc. Retired Vice Chairman of Board, H. J:. Heinz Co. Chairman of Board, Pitcairn, Inc, Former Chairman of Board, Honeywell, Inc. Senior Vice President & Investment Dir., Pitcairn, Inc. Senior Scientist, Woods Hole Oceanographic Institution Retired Pres. & Chief Oper. Off. PPG Industries, Inc. Senior Vice Pres. & General Counsel, Pitcairn, Inc. Retired Senior Exec. Vice Pres. Banco de Ponce (Puerto Rico) Chairman of Board & Chief Exec. Officer, PPG Industries, Inc. 85650i06

.~.~~.....:~..~....~ .. ~. »... _ __~.~..r.c~.....,... a.....r.,..... .a. a....::...:..~-...~..~..._^...~..~.r......r.d+..r...c..r..w..r~-..re-.r....v~..ar..,. -6- The 1980 Annual Report does not mention any asbes- tos tos litigation against any subsidiaries although there is a description of a lawsuit against Corco, one of its 50% account subsidiaries. Other pertinent information: The accountants for Corning Glass are Price Water- house, New York, N.Y., while PPG Industries accountants are Deloitte, Haskins & Sells, Pittsburgh, Pa. While examining the 1980 annual reports of both companies, I discovered several interesting facts. Corning Glass acknowledges that it does own 50% of Pittsburgh Corning. However, PPG Industries does not recognize Pittsburgh Corning whatsoever. In fact, PPG's 1980 proxy statement lists L. Stanton Williams (PPG's Chairman of the Board and Chief Execu- tive Officer and Director) as a director of Dravo Corp., Rubber- maid, Inc., Mellon National Corp. and Mellon Bank N:A., but the report makes no mention of his directorship of Pittsburgh Corning. It is as if the corporation does not exist, despite 1980 sales of over $60 million. I was not able to find out who the corporate counsel were for both companies. However, I spoke with a member of the legal staff of PPG Industries who said that PPG has several on- going suits involving different firms.

-7- Pittsburgh Corning is a defendant in the Bell Case in San FYancisco and also in the so-called "Nine Los Angeles Cases" which are: Anderson, Arne, Belford, Bergin, Days, Her- nandez, Manai, Megran and Walker. It was also a defendant in the Arceneaux (Los Angeles) and Aguilar (San Diego) cases. Since I completed this memo, we have received some answers by Pittsburgh Corning to interrogatories. Information from these documents will be included in another memorandum.