Word: makers
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Dates: during 1980-1989
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...SUPERIORITY COMPLEX. Many new acquirers start lecturing too soon. "You think because you have been successful in your own company abroad, you can run a U.S. firm the same way just because you have acquired the company," says Michel Besson, the French chief executive of CertainTeed, a maker of building materials based in Valley Forge, Pa. "You tend to underestimate their strengths and overlook your own weaknesses." An executive of a West German- owned U.S. subsidiary recalls a dramatic showdown: "Their people would come here and put down our people, our work ethics. I had a little problem with that...
...company, the electronics giant (fiscal 1989 sales: $16 billion) snapped up Columbia Pictures Entertainment, agreeing to pay $3.4 billion and assume $1.2 billion in debts. Coming less than two years after Sony's $2 billion purchase of CBS Records, the acquisition completes the transformation of the maker of Walkmans, televisions, stereos and videocassette players from gadgeteer to master showman. Sony now hopes to market American pop culture through leading- edge Japanese technologies in film, television and music...
...defense, the North Carolina-based pharmaceuticals maker, a subsidiary of Britain's Wellcome P.L.C., cites the high cost of research and development. In an attempt to defuse the cost crisis, the company said last week that it will cut the wholesale price of AZT 20%, to $1.20 a pill. One reason the company is able to do so is that the potential market for the drug has grown substantially in recent weeks with the discovery that AZT can help a far larger group. A Government study released in August concluded that the drug, besides helping people who have AIDS...
...Headline-Maker...
Spence has also taken a much less visibleapproach to the deanship than Rosovsky did.Instead of headline-maker Spence says he prefersto see his role as that of consensus-builder...