Word: mergerism
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President from 1991 to 2001, Rudenstine focused on an agenda that was subtle but significant. He effected the final merger of Harvard and Radcliffe, a delicate and thankless task. He oversaw Harvard’s secret purchases of Allston land and took upon himself the prickly job of making those purchases public. He was an adamant, if courteous, supporter of affirmative-action, and his interest in the vital problem of race in America inspired him to build the nation’s finest department of Afro-American studies. And he was, by all accounts, passionately devoted to maintaining the high...
...INDICATORS Running Out Of Energy A Houston judge rejected Yukos' bid for U.S. bankruptcy protection. The beleaguered Russian oil firm sought shelter last December in an attempt to block the sale of its core production unit. The decision clears the way for the merger of Russian gas major Gazprom with Rosneft, Russia's state oil company that acquired Yukos' prized asset...
...where this film will differ from other biopics is in its fictional conclusion in which female undergraduates concentrating in the sciences stage a coup in Mass. Hall, leaving Summers locked in his office for years. There he develops horrific obsessive-compulsive behavior, stops a merger between United and Alaska Airlines, builds the world’s biggest jetliner, and courts movie stars Kate Beckinsale and Gwen Stefani...
...INDICATORS Call waiting? Capping a flurry of merger activity in the U.S. telecom sector, MCI accepted a $6.75 billion takeover offer from Verizon Communications, after spurning an $8 billion bid from rival Qwest Communications International. By week's end, Qwest had announced plans to counterbid...
Executives at Japan's Nippon Telegraph and Telephone (NTT), the world's largest telecommunications company, admit they've been watching the merger wave now engulfing U.S. phone companies with a sense of foreboding. Especially unnerving was the announcement earlier this month that 130-year-old AT&T, the American former monopoly carrier that not long ago was the oldest, biggest and baddest telecom firm on the planet, was about to be swallowed up by upstart regional player SBC?providing a sobering reminder that in the information age, no institution is too big to fail if it squanders its competitive edge...