Word: fontes
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Dates: during 1980-1989
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...Jews with much redemption. Instead, the main events in Jewish history, until the founding of Israel, consisted mostly of disasters: the destruction of the Temple, the Diaspora, the Holocaust, each devastation considerably more terrible and unimaginable than the one it followed. These days Begin cites Genesis as the font of his politics, but his abiding source is the Holocaust, as it is for much of Israel. To the importance of individual death in Judaism, the Holocaust added a national significance. Here was the death of deaths, 6 million gone. Just as the past becomes the present, so did the image...
...overall goals but also the subtle yet compelling little signals, like styles of dress or who gets promoted, that tell employees how to behave. Industrial powerhouses often sum up their cultural values in slogans like General Electric's venerable "Progress is our most important product" or Du Font's "Better things for better living through chemistry." Those mottoes not only help sell light bulbs, refrigerators and synthetic fibers, but tell the employees what their companies stand...
...Font's secret weapon was a device called the "double-barreled two-step." The plan allowed Conoco shareholders to choose whether to receive $98 per share in cash or tax-free units of 1.7 Du Pont shares worth about $80. The offer was attractive to many investors because it had no strings attached and provided them two forms of payment...
...merger binge has been a bonanza for a special breed of Wall Street investment banker who negotiates the megabuck deals. Acquisition teams at First Boston Corp., which handled Du Font's bid for Conoco, and Morgan Stanley, which advised the oil company, are expected to earn almost $15 million each from the merger...
...Font's surprise foray shows that few companies or industries are immune to merger fever. As a result, the ranking of top U.S. firms has become almost as volatile as Billboard magazine's Hot 100 pop record chart. The strategies behind the mergers are as varied as the deals themselves. American Express, for example, grabbed the Shearson Loeb Rhoades brokerage house on its way to becoming a one-stop financial service center. To enhance its power on grocery shelves, Nabisco merged with Standard Brands...