Carbide agonistes
By EDITOR John Nielsen REPORTER H. John Steinbreder

(FORTUNE Magazine) – Trouble seems to come in bunches for Union Carbide. The latest setback: a $1.4-million fine by the Occupational Safety and Health Administration for alleged violations at Carbide's Institute, West Virginia, plant. OSHA cited 221 violations of 55 federal health and safety laws. Last August a chemical leak at the plant hospitalized six workers and sent 129 area residents to emergency rooms. Says Labor Secretary William Brock: ''We were just surprised to find constant, willful, overt violations on such a widespread basis.'' Company officials denounced the OSHA findings. Days earlier, the Indian government rejected a proposed $350-million settlement of claims stemming from the toxic gas leak at Carbide's Bhopal, India, plant on December 3, 1984. The accident killed an estimated 2,000 people and injured some 200,000 others. New Delhi reportedly wants a settlement closer to $1 billion, but it could end up with much less. ''It's in India's favor to settle out of court,'' says a security analyst who has followed the case. ''The (U.S.) judge seems to be leaning toward moving the proceedings to India, and I don't think the courts there would be as generous as those in the U.S.'' Almost lost in the flurry was the announcement that Carbide Chief Executive Warren Anderson would retire in November. His replacement: Robert D. Kennedy, 53, the company's president. ''Kennedy is the right man to lead now,'' says Joseph Salvani, an analyst for Goldman Sachs. ''Obviously Anderson's mind has been on Bhopal and not on running the company. Kennedy is a cost cutter, which is what they need.''