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...latest turn in Kraft's effort to forge the world's biggest confectionary business, the low-ball offer - worth $12 per Cadbury share, or 4% less than its earlier proposal thanks to an interim fall in Kraft's shares - was never likely to be welcomed. As a multiple of Cadbury's profit before deductions for tax and other charges, the deal is worth roughly a third less than the average for takeovers in the global food business since 2000, according to investment-research firm Sanford C. Bernstein. Granted, the world is in an economic slump and there's no rival...
...author of With Purpose: Going from Success to Significance in Work and Life (HarperCollins, spring 2009). He writes "The Boom Years" column for Money magazine and is a regular contributor to TIME magazine and Time.com. Visit his website, dankadlec.com, to view his latest work and see what he's up to next...
Fewer Harvard Business School students are entering careers in finance, a sign that global stock markets may be leveling off, according to the latest report of an HBS alumnus who correlates MBA career choices with long-term market performance...
Harvard Professor Michael J. Sandel challenged his audience to explore the moral dilemmas behind political controversies while presenting his latest book at the Harvard Book Store last night...
...time when SBY hopes to attract $200 billion in foreign capital each year to improve the country's crumbling infrastructure, any delays in resolving this latest scandal could prove a serious setback. Anger is mounting toward those believed to be above the law (a giant poster of businessman Anggodo in a police uniform carried at the rally summed feelings up nicely) and is motivating people to take to the streets. "In terms of numbers the protests won't be like 1998 against [former President] Suharto but in terms of pressure it could get just as big," says Eep Saefulloh Fatah...