Word: biddinger
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The shortage of minority Ph.D.'s coupled with the tremendous demand. has led to cut-throat bidding wars. Universities often obtain minority professors after great efforts, only to have them snatched away by rivals offering a better deal.
The company, Cavalier Coach Corporation of Medford, Mass., has received the transportation contract for Commencement and the reunions for the last six years. There is no competitive bidding for the Harvard contract, which is worth an estimated $125,000 a year to Cavalier.
"We felt that Cavalier was the bus company ofchoice," McGilvrey says. "So this year, we didn'tsee the need to go through the bidding process."
While some bus owners express outrage atHarvard's refusal to open bidding on theCommencement contract, other owners say theyunderstand the University's position.
The post-cold war consolidation of the U.S. defense industry intensified with a bidding war to purchase the ailing Grumman Corp., one of the most venerable names in military aviation. Martin Marietta's announcement of a $1.9 billion deal to acquire Grumman was followed by a $2 billion offer from...