Word: dealing
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Dates: during 1990-1999
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Weill was proposing to merge Travelers, deeply ensconced in insurance and stock brokerages, with the nation's second largest bank, Citicorp, in a deal that would tread all over Depression-era legislation prohibiting such an expansive combination. He would need bank regulators, immediately, and Congress, in short order, to clear a path. No surprise to Weill watchers, "Sandy" got what he needed, and more...
Among the certain winners are dealmakers like Weill and countless others who earn their living swimming in the deal flow. By tearing down barriers between banking, insurance and brokerage, Congress practically erected a billboard on Wall Street reading MORE SALAD DAYS AHEAD. Few financial companies will want to brave the world of financial conglomerates with only one weapon. Anticipating a torrent of consolidation, speculators have been driving up shares of potential target banks, such as Chase, and brokerages, such as PaineWebber...
...African Americans who have a great deal of confidence in religious leaders...
...million Amount Federal Express paid to rename Washington Redskins' Landover stadium "FedEx Field" for the next 27 years, the most costly stadium deal ever...
...best part is that we could make money by making peace with the planet. If governments launched a program--call it a Global Green Deal--to environmentally retrofit our civilization from top to bottom, they could create the biggest business enterprise of the next 25 years, a huge source of jobs and profits...