Word: deal
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...Leary. For most of the 1990s, he was the president of educational-software company Softkey, which he co-founded with fellow Canadian entrepreneur Michael Perik. O'Leary and Perik sold the firm, which they renamed the Learning Company, to Mattel in 1999 for $3.6 billion. But almost immediately the deal turned sour. The Learning Company lost $200 million in the second half of 1999 alone. O'Leary and Perik, who joined Mattel after the merger, left the toy company six months later in a management shake-up. In 2001, Mattel disposed of the Learning Company by giving away most...
...Shareholders sued Mattel over the Learning Company deal, naming O'Leary and Perik, along with other members of the toy company's management, as defendants. In the complaint, the shareholders alleged that under O'Leary and Perik the Learning Company used "accounting manipulations" to gain market share and drive up the company's stock price. According to the suit, a sales manager at the Learning Company at the time of the Mattel merger told employees that he "suspected the 'Learning Company is broke' and is 'cooking the books.' " Mattel paid shareholders $122 million to settle the suit. O'Leary...
...historic proportions, Google insists that it simply wants to "help readers get access to more books in more ways," a Google spokesman says. "Our goal remains bringing millions of the world's difficult-to-find, out-of-print books back to life." Read: "Librarians Fighting Google's Book Deal...
...Indian government has also announced a range of policy initiatives - a $22 billion solar-energy program, $2.5 billion forestation fund and a national energy-efficiency mission, among others - that won kudos from visiting British Climate Change Secretary Ed Miliband. "I think India wants to be a dealmaker - not a deal breaker - in Copenhagen," Miliband said during a visit to New Delhi on Sept. 2. Both the nonprofit sector and industry have also been organizing seminars and workshops with aims ranging from enhancing the Indian carbon market to supporting India's negotiating stance in three months. (See pictures of the elephants...
...have to be not only fair - and seen to be fair - but also acceptable to all parties. Intransigence will only hurt the fragile process that scientists, industry and government will engage in this winter, and negotiators will do well to remember that this is one case in which no deal may not be better than a bad deal...