Word: bendixes
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Companies with large amounts of cash on hand, including Seagram and Bendix, have also been benefiting. High interest rates have depressed the price of certain energy stocks like Conoco. As a result, the cash-rich firms can buy the undervalued ones at a fraction of their true worth...
Some merger advocates also contend that big companies have the best chance of holding their own against increasingly aggressive foreign rivals. Larger and more efficient firms can often undersell huge overseas competitors, which frequently benefit from liberal antitrust policies. Says William Agee, chairman of Bendix Corp. "The acquisitions we're seeing at the moment will be a good thing for America in that they will make us more viable in the world market...
...course, consist of a varying mixture of lectures, case studies and improvised debate. At Stanford, where the curriculum ranges over the exotica of high finance, the class on power and politics in organizations devoted a session to the case of Mary Cunningham, the celebrated alumna of Harvard and Bendix who is now a vice president at Seagram. Perhaps because of former Dean Arjay Miller's long experience at Ford, Stanford tries particularly hard to blend the academic and the commercial. After learning that its students' writing ability was, as Business School Dean Rene McPherson said, "shockingly...
...Glanting took time off from work, flew to Carroll, and with the enthusiastic help of the town's Chamber of Commerce, invested the "pantheon"-a small concrete structure in a cornfield-with a rusty barbecue grill, some worn-out tires, and pictures of such dull heroes as William Bendix, Hugh Beaumont (the father in Leave It to Beaver), Alan Hale Jr. (the skipper in Gilligan 's Island) and Walter Mondale...
Cunningham's Seagram job is a prize, but it may not equal the job she lost at Bendix. Agee had made her his top assistant in charge of planning the corporation's intended metamorphosis from a staid manufacturing and natural resources concern into a high-technology conglomerate. Seagram has a task of similar magnitude: it must invest the $2.3 billion that it reaped last year from the sale of its U.S. oil and gas properties. But Cunningham will not be directly involved in this enterprise...