Word: merger
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With enrollment in the district’s 15 elementary schools continuing its free fall, administrators say they must close three schools after this year or face financial crisis. But merger talk will pit school against school and parents against administration—making for an intense struggle in a city known for its contentious education debates...
Parents also object to the way administrators have developed and proposed the merger plans, saying the process has been too secretive...
...traditionally all-male Yard became coed in the fall of 1972 after Harvard and Radcliffe signed a “merger non-merger” agreement in June 1971, but the merger also bought the Radcliffe College dorms into Harvard College’s House system...
...Bankers themselves aren't inspiring much faith. Mizuho?the product of a merger between Fuji Bank, Industrial Bank of Japan and Dai-Ichi Kangyo Bank?only opened its doors in April. It was immediately beset by problems when thousands of Mizuho customers using ATMs to wire cash found that tthe money had been deducted twice from their accounts. Then Japanese utilities sued after Mizuho's computers botched standing orders to pay monthly electricity, phone and gas bills. Because Mizuho handles the Tokyo city government's payroll and tax collection, Ishihara dispatched inspectors to examine the bank's books and management...
Four years ago, merger specialist Kang was ready for a change. So when a representative of George Soros' investment firm asked the Korean-born New Yorker to run Seoul Securities, a foundering brokerage house that Soros had bought, Kang, now 40, jumped. And he has delivered: he transformed Seoul Securities from a mom-and-pop retail shop to a full-service firm with investment-banking and money-management arms. The company has turned a profit in every quarter since his arrival...