Word: marietta
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...more complicated than the clemency movement would suggest. "We've got to stop perpetuating the myth that men are all vicious and that women are all Snow White," says Sonny Burmeister, a divorced father of three children who, as president of the Georgia Council for Children's Rights in Marietta, lobbies for equal treatment of men involved in custody battles. He recently sheltered a husband whose wife had pulled a gun on him. When police were called, their response was "So?" Says Burmeister: "We perpetuate this macho, chauvinistic, paternalistic attitude for men. We are taught to be protective...
SOME DO IT BY SELLING OFF, OTHERS BY CONSOLIdating. The sale by General Electric of its aerospace business to Martin Marietta Corp. for $4.05 billion illustrates both defense-industry survival techniques, in wide use after six years of declining spending, and the prospect of four more under Bill Clinton. The deal, which will make Martin Marietta the world's largest defense- electronics firm, with revenues of $12 billion, supports chairman Norman Augustine's conviction that "companies that combine will be the survivors." GE chairman John Welch, worried about holding on to a division too small to compete in a shrinking...
...further, Thomson-CSF, with $6.8 billion in sales last year, recruited the Carlyle Group, an investment concern specializing in defense firms, to join in the offering for LTV. Their combined bid of $450 million bested by $65 million an offer by a consortium of two U.S. weapons- makers, Martin-Marietta and Lockheed Corp. After a protracted review process, Manhattan bankruptcy judge Burton Lifland awarded LTV's missile division to Thomson-CSF and its aircraft operations to Carlyle...
Critics challenged the sale, charging both unfair competition and a giveaway of American technological secrets. Not only is Thomson-CSF 60% owned by the French government, but so is Credit Lyonnais, the French bank that is the leading creditor for the Carlyle Group in the deal. As Martin Marietta chairman and ceo Norman Augustine puts it, "I can't compete with the deep pockets of the French government...
Carlucci charges that Martin Marietta's Augustine wrongly claims that the French government's ownership of Thomson gives it control of the firm. Carlucci argues instead that such French firms enjoy considerable autonomy. Dozens of international firms have classified contracts with the Pentagon, he points out. Thomson-CSF itself shares with GTE a $4.3 billion contract for the state-of-the-art battlefield-communications system that played a critical role in the gulf war. For that matter, Martin Marietta shares classified contracts with Thomson-CSF for sophisticated terminally guided munitions. James Bell, chairman and president of Thomson...