Word: institutionalized
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Dates: during 1980-1989
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Defense against out-of-state competition was probably on the mind of Republic Bank Chairman Gerald Fronterhouse, whose institution aims to strengthen its No. 2 position in Texas by acquiring Interfirst, the state's fourth largest bank. Said Fronterhouse, who will head the combined company: "This is a bank made...
While Texas banks were leaping into mergers, San Francisco's BankAmerica was trying to elude Los Angeles-based First Interstate Bancorp. BankAmerica, staggering from losses of $600 million over the past nine months, has steadfastly ignored First Interstate's offers of a friendly merger, but the would-be acquirer last...
The government initiative that sparked the violent clash had seemed innocuous enough. Unveiled last summer, the package called for restructuring the country's 78 universities to make them more competitive. Each institution ! would be allowed to tighten its admission standards, increase its fees slightly (now less than $100 a year...
Nine days later Athletic Director Bob Hitch and Football Coach Bobby Collins quit. Their resignations seemed normal in such circumstances, but there was irony in Shields' departure. Since his arrival in 1980, he had pushed academic improvement as well as big-time football, adding 21 endowed chairs. This year SAT...
TIME's board members expressed hope that the improving trade deficit would dampen sentiment in Congress next year to produce a barrier-laden trade bill. Yet Congress may be tempted to pass protectionist measures under the cover of the new, sexier buzz word of competitiveness, according to Board Member Charles...