Word: auctioneers
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Dates: during 2000-2009
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Since Google's sales operation is basically an auction system where companies come and bid on search terms, the fact that Google's revenue grew at all is not only a sign that marketers have money. It is a sign that competitors are willing to bid against one another to get the best results. A bidding system makes the buyer take a risk that by paying top dollar he can get a reasonable return. When millions of customers are willing to participate in that system to create demand for their products, the economy may be crippled...
...Blagojevich and his brother pleaded not guilty at the arraignment in Chicago on Tuesday, it had already become clear that this high-profile case was anything but a simple matter. For starters, the charge that has drawn the most attention, his alleged attempt to auction off Obama's Senate seat, may not be one of the strongest charges. A jury may be more susceptible to the allegation that the "Blagojevich Enterprise" tried to shake down officials at Children's Memorial Hospital in Chicago's Lincoln Park neighborhood for campaign contributions. More precisely, an executive at the hospital was urged...
Photo from Wikimedia Commons/Heritage Auction Galleries of Dallas, Texas
Satyam Computer Services, the Indian I.T. and outsourcing giant that was nearly sunk by its founder's billion-dollar accounting fraud, has been sold to a smaller rival in an unusual auction in which bidders were unable to assess the true financial standing of the company...
...Tech Mahindra, a Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...