Word: behemoths
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Dates: during 1990-1999
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After selling his empire to J.P. Morgan in 1901 to form the centerpiece of the new behemoth, U.S. Steel, Carnegie devoted himself to good deeds. A prodigious philanthropist, he created 2,800 free libraries worldwide. "The man who dies rich dies disgraced," he declared bluntly. Like Rockefeller, Carnegie endowed large corporate foundations with elastic charters that took on an autonomous existence. At his death he had disbursed almost his entire $350 million fortune...
...over the Internet is about to take on a whole new shape. Negotiations are still under way, but service-and-content behemoth America Online looks set to snap up Netscape in a $4 billion all-stock deal Monday. Sun Microsystems, also involved in the talks, would take over Netscape's server-end software; AOL would run the popular Netcenter portal and keep the browser itself in safe hands. Right now, AOL has an exclusive contract with Microsoft to distribute Internet Explorer to its 14 million subscribers; that agreement may expire on January 1, 1999. A deal to divide Netscape with...
Sponsored by the Department of English and American Literature and Language and the Woodberry Poetry Room, the lecture focused on the motivation and methods of Heaney's current work-in-progress, a translation of the Old English literary behemoth...
...local markets -- and that hasn't happened yet, which is a major hurdle for this merger. But if it's approved, Bell Atlantic, armed with GTE's long-distance service, will have taken a step toward crossover hegemony not seen since pre-breakup AT&T -- and the resultant behemoth would be the nation's second largest phone company, behind its former parent. The FCC just wants to make sure that local giants such as Bell Atlantic provide access to competitors. Otherwise, some of the Baby Bells would turn into Ma -- and Pa -- Bells...
DIED. RICHARD MCDONALD, 89, vending visionary who, with his brother Maurice, started a hamburger chain that became international fast-food behemoth McDonald's Corp; in Manchester, N.H. In 1948 the brothers created the first self-service drive-through, offering speedy service and low prices. As the franchise expanded, Maurice handled operations while Richard focused on marketing, designing the now ubiquitous Golden Arches and the "millions served" placards. In 1961 the brothers sold the business for $2.7 million to Ray Kroc, once their milk-shake mixer salesman...