-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PMONSYdY3USEsoun4vYDaVUBIjcolvtSH/KseCAlA4VC+c3SbDhWhH2lCS78WnyQ 8c8XsxX6wSnVpGCAt6KPxQ== 0000899140-98-000266.txt : 19980609 0000899140-98-000266.hdr.sgml : 19980609 ACCESSION NUMBER: 0000899140-98-000266 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 19980608 SROS: NYSE GROUP MEMBERS: GEORGE SOROS GROUP MEMBERS: QIH MANAGEMENT INVESTOR, L.P. GROUP MEMBERS: QIH MANAGEMENT, INC. GROUP MEMBERS: QUANTUM INDUSTRIAL PARTNERS LDC GROUP MEMBERS: SOROS FUND MANAGEMENT LLC GROUP MEMBERS: STANLEY DRUCKENMILLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC /DE/ CENTRAL INDEX KEY: 0000104938 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 362660763 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-35670 FILM NUMBER: 98643542 BUSINESS ADDRESS: STREET 1: 3003 BUTTERFIELD RD CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 6305728800 MAIL ADDRESS: STREET 1: 3003 BUTTERFIELD ROAD CITY: OAKBROOK STATE: IL ZIP: 60523 FORMER COMPANY: FORMER CONFORMED NAME: WASTE MANAGEMENT INC DATE OF NAME CHANGE: 19930527 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOROS FUND MANAGEMENT LLC CENTRAL INDEX KEY: 0001029160 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133914976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2128721054 MAIL ADDRESS: STREET 1: C/O AKIN, GUMP, STRAUSS,HAUER,FELD, STREET 2: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* WASTE MANAGEMENT, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $1.00 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 94106K101 ------------------------------------ (CUSIP Number) June 5, 1998 ------------------------------------ (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 Exhibit Index: Page 18 Page 2 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Soros Fund Management LLC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 22,796,200 OWNED BY EACH ------ ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 22,796,200 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,796,200 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.01% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) George Soros (in the capacity described herein) - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 25,651,100 OWNED BY EACH ------ ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 2,854,900 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 22,796,200 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,651,100 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.64% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 4 - --------------------- CUSIP No. 94106K101 13G - -------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Stanley F. Druckenmiller (in the capacity described herein) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 25,421,300 OWNED BY EACH ------ ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 2,625,100 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 22,796,200 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,421,300 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.58% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 5 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Quantum Industrial Partners LDC - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - -------------------------- ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,288,600 OWNED BY EACH ------ --------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 1,288,600 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,288,600 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.28% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IV - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 6 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) QIH Management Investor, L.P. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] --------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,288,600 OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 1,288,600 WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,288,600 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.28% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, PN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 7 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) QIH Management, Inc. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------- ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,288,600 OWNED BY EACH ------ ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 1,288,600 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,288,600 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.28% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 8 - -------------------- CUSIP No. 94106K101 13G - -------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Duquesne Capital Management, L.L.C. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION PENNSYLVANIA - -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER -0- ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,625,100 OWNED BY ------ ---------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,625,100 WITH ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,625,100 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.58% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA - ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 9 Item 1(a) Name of Issuer: -------------- Waste Management, Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 3003 Butterfield Road Oak Brook, Illinois 60523 Items 2(a) Name of Person Filing: --------------------- This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Soros Fund Management LLC, a Delaware limited liability company ("SFM LLC"); ii) Mr. George Soros ("Mr. Soros"); iii) Mr. Stanley F. Druckenmiller ("Mr. Druckenmiller"); iv) Quantum Industrial Partners LDC, a Cayman Islands exempted limited duration company ("QIP"); v) QIH Management Investor, L.P., a Delaware limited partnership ("QIHMI"); vi) QIH Management, Inc., a Delaware corporation ("QIH Management"); and vii) Duquesne Capital Management, L.L.C., a Pennsylvania limited liability company ("Duquesne LLC"). This Statement relates to Shares (as defined herein) held for the accounts of each of the following: (i) Quantum Partners LDC, a Cayman Islands exempted limited duration company ("Quantum Partners"); (ii) Quota Fund N.V., a Netherlands Antilles corporation ("Quota Fund"); (iii) QIP; (iv) Mr. Soros, individually; (v) Lupa Family Partners, a New York limited partnership ("Lupa"); and (vi) the Duquesne LLC Clients (as defined herein). Page 10 QIHMI, an investment advisory firm, is vested with investment discretion over the Shares held for the account of QIP. Mr. Soros is filing in his capacity as (i) the sole shareholder of QIH Management, (ii) the sole general partner of QIHMI, (iii) Chairman of SFM LLC, (iv) a general partner of Lupa, and (v) an individual investor. Mr. Soros has entered into an agreement pursuant to which he has agreed to use his best efforts to cause QIH Management to act at the direction of SFM LLC. SFM LLC serves as principal investment manager to Quantum Partners and Quota Fund and, as such, has been granted investment discretion over portfolio investments, including the Shares, held for the accounts of Quantum Partners and Quota Fund. Mr. Druckenmiller is Lead Portfolio Manager and a member of the management committee of SFM LLC. Mr. Druckenmiller also owns a 75% interest in, and is the sole managing member of, Duquesne LLC, an investment advisory firm that serves as discretionary investment advisor to a limited number of institutional clients (the "Duquesne LLC Clients"). Item 2(b) Address of Principal Business Office: ------------------------------------ The address of the principal business office of QIP is Kaya Flamboyan 9, Willemstad, Curacao, Netherlands Antilles. The address of the principal business office of each of QIHMI, QIH Management, SFM LLC, Mr. Soros and Mr. Druckenmiller is 888 Seventh Avenue, 33rd Floor, New York, NY 10106. The address of the principal business office of Duquesne LLC is 2579 Washington Road, Suite 322, Pittsburgh, PA 15241-2591. Item 2(c) Citizenship: i) SFM LLC is a Delaware limited liability company; ii) Mr. Soros is a United States citizen; iii) Mr. Druckenmiller is a United States citizen; iv) QIP is a Cayman Islands exempted limited duration company; v) QIHMI is a Delaware limited partnership; Page 11 vi) QIH Management is a Delaware corporation; and vii) Duquesne LLC is a Pennsylvania limited liability company. Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $1.00 per share (the "Shares") Item 2(e) CUSIP Number: ------------ 94106K101 Item 3 Not applicable. Item 4. Ownership: -------- Item 4(a) Amount Beneficially Owned: ----------------------- Each of the Reporting Persons may be deemed the beneficial owner of the following number of Shares: i) SFM LLC may be deemed to be the beneficial owner of 22,796,200 Shares. This number consists of (A) 21,007,600 Shares held for the account of Quantum Partners, (B) 500,000 Shares held for the account of Quota Fund and (C) 1,288,600 Shares held for the account of QIP. ii) Mr. Soros may be deemed to be the beneficial owner of 25,651,100 Shares. This number consists of (A) 21,007,600 Shares held for the account of Quantum Partners, (B) 500,000 Shares held for the account of Quota Fund, (C) 1,288,600 Shares held for the account of QIP, (D) 1,427,450 Shares held for the account of Lupa and (E) 1,427,450 Shares held for his personal account. iii) Mr. Druckenmiller may be deemed the beneficial owner of 25,421,300 Shares. This number consists of (A) 21,007,600 Shares held for the account of Quantum Partners, (B) 500,000 Shares held for the account of Quota Fund, (C) 1,288,600 Shares held for the account of QIP and (D) 2,625,100 Shares held for the accounts of the Duquesne LLC Clients. iv) QIP, QIHMI and QIH Management may be deemed the beneficial owner of 1,288,600 Shares held for the account of QIP. Page 12 v) Duquesne LLC may be deemed the beneficial owner of 2,625,100 Shares held for the accounts of the Duquesne LLC Clients. Item 4(b) Percent of Class: ---------------- i) The number of Shares of which SFM LLC may be deemed to be the beneficial owner constitutes approximately 5.01% of the total number of Shares outstanding. ii) The number of Shares of which Mr. Soros may be deemed to be the beneficial owner constitutes approximately 5.64% of the total number of Shares outstanding. iii) The number of Shares of which Mr. Druckenmiller may be deemed to be the beneficial owner constitutes approximately 5.58% of the total number of Shares outstanding. iv) The number of Shares of which each of QIP, QIHMI and QIH Management may be deemed to be the beneficial owner constitutes approximately 0.28% of the total number of Shares outstanding. v) The number of Shares of which Duquesne LLC may be deemed to be the beneficial owner constitutes approximately 0.58% of the total number of Shares outstanding. Item 4(c) Number of shares as to which such person has: -------------------------------------------- SFM LLC ------- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 22,796,200 (iii) Sole power to dispose or to direct the disposition of: 22,796,200 (iv) Shared power to dispose or to direct the disposition of: -0- Mr. Soros --------- (i) Sole power to vote or to direct the vote: -0- Page 13 (ii) Shared power to vote or to direct the vote: 25,651,100 (iii) Sole power to dispose or to direct the disposition of: 2,854,900 (iv) Shared power to dispose or to direct the disposition of: 22,796,200 Mr. Druckenmiller ----------------- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 25,421,300 (iii) Sole power to dispose or to direct the disposition of: 2,625,100 (iv) Shared power to dispose or to direct the disposition of: 22,796,200 QIP --- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote:1,288,600 (iii) Sole power to dispose or to direct the disposition of: 1,288,600 (iv) Shared power to dispose or to direct the disposition of: -0- QIHMI ----- (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 1,288,600 (iii) Sole power to dispose or to direct the disposition of: 1,288,600 (iv) Shared power to dispose or to direct the disposition of: -0- QIH Management, Inc. ------------------- (i) Sole power to vote or to direct the vote: -0- Page 14 (ii) Shared power to vote or to direct the vote: 1,288,600 (iii) Sole power to dispose or to direct the disposition of: 1,288,600 (iv) Shared power to dispose or to direct the disposition of: -0- Duquesne LLC ------------ (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: 2,625,100 iii) Sole power to dispose or to direct the disposition of: 2,625,100 (iv) Shared power to dispose or to direct the disposition of: -0- Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- Not Applicable Item 6 Ownership of More than Five Percent on Behalf --------------------------------------------- of Another Person: ----------------- The shareholders of QIP, including Quantum Industrial Holdings, Ltd., a British Virgin Islands international business company, have the right to participate in the receipt of dividends from, or proceeds from the sale of securities (including the Shares), held for the account of QIP in accordance with their respective ownership interests in QIP. The shareholders of Quantum Partners, including Quantum Fund N.V., a Netherlands Antilles company, have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quantum Partners in accordance with their ownership interests in Quantum Partners. The shareholders of Quota Fund have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of Quota Fund in accordance with their ownership interests in Quota Fund. The partners of Lupa have the right to participate in the receipt of dividends from, Page 15 or proceeds from the sale of, the Shares held for the account of Lupa in accordance with their partnership interests in Lupa. The Duquesne LLC Clients have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares, held for their accounts. SFM LLC expressly disclaims beneficial ownership of any Shares held for the accounts of of Mr. Soros, Lupa and the Duquesne LLC Clients. Mr. Soros expressly disclaims beneficial ownership of any Shares held for the accounts of the Duquesne LLC Clients. Mr. Druckenmiller expressly disclaims beneficial ownership of any Shares held for the accounts of Mr. Soros and Lupa. Each of QIP, QIHMI and QIH Management expressly disclaims beneficial ownership of any Shares held for the accounts of Quantum Partners, Quota Fund, Mr. Soros, Lupa and the Duquesne LLC Clients. Duquesne LLC expressly disclaims beneficial ownership of any Shares held for the accounts of Quantum Partners, QIP, Quota Fund, Mr. Soros and Lupa. Item 7 Identification and Classification of the ---------------------------------------- Subsidiary Which Acquired the Security Being ---------------------------------------------- Reported on By the Parent Holding Company: ----------------------------------------- Not Applicable Item 8 Identification and Classification of Members -------------------------------------------- of the Group: ------------ See Exhibit E Item 9 Notice of Dissolution of Group: ------------------------------ Not Applicable Item 10 Certification: ------------- By signing below each signatory certifies that, to the best of his/its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 16 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated as of: June 5, 1998 SOROS FUND MANAGEMENT LLC By: Michael C. Neus Name: Michael C. Neus Title: Assistant General Counsel GEORGE SOROS By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact STANLEY F. DRUCKENMILLER By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact QUANTUM INDUSTRIAL PARTNERS LDC By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact QIH MANAGEMENT INVESTOR, L.P. By: QIH Management, Inc. its General Partner By:Michael C. Neus Name: Michael C. Neus Title: Vice President Page 17 QIH MANAGEMENT, INC. By:Michael C. Neus Name: Michael C. Neus Title: Vice President DUQUESNE CAPITAL MANAGEMENT, L.L.C. By:Gerald Kerner Name: Gerald Kerner Title: Managing Director Page 18 EXHIBIT INDEX ------------- Exhibit No. Description - ---------- ----------- A. Power of Attorney dated as of January 1, 1997 granted by Mr. George Soros in favor of Mr. Sean C. Warren and Mr. Michael C. Neus. B. Power of Attorney dated as of January 1, 1997 granted by Mr. Stanley F. Druckenmiller in favor of Mr. Sean C. Warren and Mr. Michael C. Neus. C. Power of Attorney dated May 23, 1996, granted by Quantum Industrial Partners LDC in favor of Mr. Gary Gladstein, Mr. Sean C. Warren and Mr. Michael C. Neus. D. Joint Filing Agreement dated June 5, 1998 by and among Soros Fund Management LLC, Mr. George Soros, Mr. Stanley F. Druckenmiller, Quantum Industrial Partners LDC, QIH Management Investor, L.P., QIH Management, Inc. and Duquesne Capital Management, L.L.C. E. Identification of the Members of the Group F. Voting Agreement, dated as of May 13, 1996, by and between George Soros and Duquense Capital Management, L.L.C. EX-24.1 2 POWER OF ATTORNEY EXHIBIT A POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that I, GEORGE SOROS, hereby make, constitute and appoint each of SEAN C. WARREN and MICHAEL C. NEUS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic or governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including: (1) all documents relating to the beneficial ownership of securities required to be filed with the Sec pursuant to Section 13(d) or Section 16(a) of the Act, including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(f) and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by me. IN WITNESS WHEREOF, I have executed this instrument as of the 1st day of January, 1997. /s/ George Soros ------------------------------- GEORGE SOROS EX-24.2 3 POWER OF ATTORNEY EXHIBIT B POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that I, STANLEY F. DRUCKENMILLER, hereby make, constitute and appoint each of SEAN C. WARREN and MICHAEL C. NEUS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Lead Portfolio Manager of, member of or in other capacities with Soros Fund Management LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic or governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including: (1) all documents relating to the beneficial ownership of securities required to be filed with the Sec pursuant to Section 13(d) or Section 16(a) of the Act, including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(f) and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This power of attorney shall be valid from the date hereof until revoked by me. IN WITNESS WHEREOF, I have executed this instrument as of the 1st day of January, 1997. /s/ Stanley F. Druckenmiller ----------------------------- STANLEY F. DRUCKENMILLER EX-24.3 4 POWER OF ATTORNEY EXHIBIT C POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENT, that the undersigned QUANTUM INDUSTRIAL PARTNERS LDC (the "Company"), an exempted limited duration company existing and operating under the laws of Cayman Islands does, pursuant to a duly adopted resolution of its Managing Directors, hereby designate, constitute, and appoint: GARY GLADSTEIN, SEAN C. WARREN, and MICHAEL NEUS acting, singly and not jointly, as its true and lawful agent(s) and attorney-in-fact for the purpose of executing in its name, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities or other investments, and any other documents relating or ancillary thereto, including but not limited to, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") or the pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including: (1) all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(f) and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. Each attorney-in-fact is hereby authorized and empowered to perform all other acts and deeds, which he or she in his or her sole discretion deems necessary or appropriate to carry out to the fullest extent the terms and the intent of the foregoing. All prior acts of each attorney-in-fact in furtherance are hereby ratified and confirmed. IN WITNESS WHEREOF, the Company has caused this document to be executed this 23rd day of May, 1996. /s/ QUANTUM INDUSTRIAL PARTNERS LDC ------------------------------------ Curacao Corporation Company N.V. Managing Director EX-99.1 5 JOINT FILING AGREEMENT EXHIBIT D JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Shares of Waste Management, Inc. dated as of June 5, 1998 is, and any amendments thereto (including any amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. Dated as of: June 5, 1998 SOROS FUND MANAGEMENT LLC By:Michael C. Neus Name: Michael C. Neus Title: Assistant General Counsel GEORGE SOROS By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact STANLEY F. DRUCKENMILLER By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact QUANTUM INDUSTRIAL PARTNERS LDC By:Michael C. Neus Name: Michael C. Neus Title: Attorney-in-Fact QIH MANAGEMENT INVESTOR, L.P. By: QIH Management, Inc. its General Partner By:Michael C. Neus Name: Michael C. Neus Title: Vice President QIH MANAGEMENT, INC. By:Michael C. Neus Name: Michael C. Neus Title: Vice President DUQUESNE CAPITAL MANAGEMENT, L.L.C. By:Gerald Kerner Name: Gerald Kerner Title: Managing Director EX-99.2 6 IDENTIFICATION OF MEMBERS OF THE GROUP EXHIBIT E IDENTIFICATION OF MEMBERS OF THE GROUP Pursuant to Item 8 of Schedule 13G, set forth below are the identities of the members of the group reporting on this statement on Schedule 13G with respect to the Shares of the Issuer: SOROS FUND MANAGEMENT LLC GEORGE SOROS STANLEY F. DRUCKENMILLER QUANTUM INDUSTRIAL PARTNERS LDC QIH MANAGEMENT INVESTOR, L.P. QIH MANAGEMENT, INC. DUQUESNE CAPITAL MANAGEMENT, L.L.C. EX-99.3 7 VOTING AGREEMENT EXHIBIT F AGREEMENT This AGREEMENT dated as of May 13, 1996 by GEORGE SOROS ("Mr. Soros") and DUQUESNE CAPITAL MANAGEMENT, L.L.C., a Pennsylvania limited liability company ("Duquesne LLC"). W I T N E S S E T H WHEREAS, Mr. Soros may be deemed the direct or indirect beneficial owner of shares of common stock, par value $1 ("Common Stock") of WMX Technologies, Inc. (the "Issuer"); WHEREAS, Duquesne LLC may be deemed the direct or indirect beneficial owner of shares of Common Stock; WHEREAS, Mr. Soros and Duquesne LLC desire to vote the shares of Common Stock of which they may be deemed to be beneficial owners in the same manner; NOW THEREFORE, in consideration of the foregoing and of the mutual terms and conditions set forth herein, the parties hereto, intending to be legally bound, agree as follows: 1. At any time any actions are taken or proposed to be taken by the Issuer which require a vote of the stockholders of the Issuer, the parties shall meet within a reasonable period of time prior to the date on which such a vote is to be taken, and shall use their best efforts to reach an agreement to vote in the same manner all of the shares of Common Stock over which each of them has direct or indirect voting power. 2. This agreement shall terminate in the event either Mr. Soros or Duquesne LLC no longer has direct or indirect voting power with respect to any shares of Common Stock. 3. Nothing in this Agreement shall prevent any party from acquiring any additional shares of Common Stock or disposing of any shares of Common Stock with respect to which the party has direct or indirect dispositive power. Any additional shares of Common Stock acquired over which either Mr. Soros or Duquesne LLC has direct or indirect voting power shall be subject to the terms and conditions of this Agreement. 4. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement. 5. This Agreement constitutes the entire agreement among the parties hereto and supersedes all prior agreements and understandings among the parties hereto with respect to the subject matter hereof. 6. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. -2- IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date above first written. GEORGE SOROS By: /s/ Sean C. Warren ------------------- Sean C. Warren Attorney-in-Fact DUQUESNE CAPITAL MANAGEMENT, L.L.C. By: /s/ Michael A. Shay --------------------- Name: Michael A. Shay Title: Vice President -3- -----END PRIVACY-ENHANCED MESSAGE-----