Word: mergers
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Dates: during 1960-1969
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...Until recently, the critics seemed to be right. Standpat thinking smothered rail progress for most of the first four decades of the century, while autos, trucks and air travel nibbled away at the railroads' markets. Belatedly realizing that one track that led to greater efficiency was merger, the railroads since 1956 have persuaded the Interstate Commerce Commission to approve 26 mergers. Getting approved for a merger, however, can be a long-term process: the Pennsylvania-Central merger in the East, which has every logic in its favor, is moving at milk-train speed...
...major ventures as varied as the Transalpine Pipeline and the Churchill Falls Hydroelectric Project in Canada (TIME, Oct. 14); the Barings help to bankroll such clients as Britain's Courtaulds textile empire and the government of Portugal. Merchant bankers are the business world's greatest merger brokers and proxy fighters. Nobody profits more from this than London's Siegmund Warburg, German-born dollar scion of the 400-year-old banking clan, who in 1958-59 counseled Reynolds Metals in its successful fight with Alcoa for control of British Aluminium Ltd. So highly is Warburg's advice...
...committee may suggest a direct merger of Arch Sci and Visual Studies under the name of Environmental Studies. To accomplish the merger, the committee would need the sanction of first the CEP and then the full Faculty...
Another alternative more likely at this point, would be to change the name of Arch Sci to Environmental Studies, while keeping the Visual Studies program technically discrete. The two fields would then gradually alter their curricula to prepare for a later merger...
...advantage of the transitional period, Dean Ford said last week, is that it would require only the approval of the CEP, and not a vote of the full Faculty, as would the direct merger of the two fields. The period would "build up sympathy and support for the joint course," he said...