Word: behemoths
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Dates: during 2000-2009
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...easing the company away from the jug-wine market toward the least expensive varietals--wines labeled Cabernet, Merlot, Chardonnay and such--selling at $3.50 to $5, and the slightly more expensive premium wines priced at $7 or more. This move upmarket is happening across the industry, from the behemoth Gallo to medium-size upscale wineries that must increase revenue or fall victim to takeovers--particularly in Napa, whose prestigious name puts it on the wish list of every ambitious wine company in the world...
Crusading for this cause, the community members poster their lawns with righteously indignant signs. One poster in particular captures Harvard’s essence as the behemoth next door: “You can’t borrow a cup of sugar from Harvard...
...hosted by New York City Mayor Michael Bloomberg at Gracie Mansion. Their exchange was brief. But Weill, 69, CEO of Citigroup, indicated he was eager to talk about the ugly business that Spitzer, the ambitious New York State attorney general, has been finding in his probe of the financial behemoth. Within days a high-level session followed, and even Spitzer was impressed with Weill's sense of urgency...
...hosted by New York City Mayor Michael Bloomberg at Gracie Mansion. Their exchange was brief. But Weill, 69, CEO of Citigroup, indicated he was eager to talk about the ugly business that Spitzer, the ambitious New York State attorney general, has been finding in his probe of the financial behemoth. Within days a high-level session followed, and even Spitzer was impressed with Weill's sense of urgency. The meeting that followed, at the attorney general's Manhattan office, between Spitzer and Charles Prince, the new head of Citi's subsidiary Salomon Smith Barney, marked the beginning of what...
INDICATORS Keeping It Together Mergers - out of fashion after a decade of behemoth-building deals - may have unfairly acquired a bad reputation, according to a study by the Milken Institute, a California think tank. The research, which examined 276 takeovers by public companies over a 15-year period, found more than two-thirds of the deals led to increased efficiency, as well as savings of about $28 billion overall...