Word: merger
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Dates: during 1990-1999
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...another, the unprecedented merger wave sweeping across our economy has touched your life. The local bank is long gone. You've been reunited with the same dreadful HMO you thought you ditched a few years back. Your mutual-fund statement has a new logo. Offputting. Irritating. Confusing. Or, if you've been merged out of a job, debilitating...
...before we hang all the dealmakers, consider the flip side. Last week financial-services giants Travelers Group and Citicorp agreed to the largest merger in history, a stock swap worth some $76 billion. It's a titanic marriage that will dwarf everything else in banking, brokerages, insurance, ATMs, cold calls, lollipops, hamburgers and chutzpah. It makes the size of the next biggest merger, the pending $42 billion deal between MCI and WorldCom announced last October, look cheesy...
From coeducation, to co-residency, to the official merger in 1977, many said Radcliffe's role in the lives of most undergraduate women has been steadily diminishing...
...finance the development of less-fortunate economies. At home he would want to do something about Microsoft, since he had been passionate about monopoly from the moment he entered politics. Although no single trust a hundred years ago approached the monolithic immensity of Mr. Gates' empire, the Northern Securities merger of 1901 created the greatest transport combine in the world, controlling commerce from Chicago to China...
...Although it presupposes the dismantling of the Depression-era Glass-Steagall Act separating banks and other financial institutions, the merger looks to be a pretty neat fit. "Travelers is the investment and insurance side, Citicorp is still mostly traditional banking," says FORTUNE writer Nelson Schwartz. "There's not a lot of overlap, so there shouldn't be a lot of layoffs." Investors are voting with their wallets: Citicorp's stock price was up 34 points (not a typo) after midday; Travelers jumped 10. Merrill Lynch, Lehman, DLJ? All up, having suddenly become attractive as future acquisitions (or aquisitors...