Word: mergers
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Dates: during 1970-1979
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...Harvard and Radcliffe Senior Class Committees have worked out a merger plan to facilitate joint planning for Commencement activities. In the past the two committees have been entirely separate, meeting together only informally during the senior year...
Robert Haack, 54, president of the New York Stock Exchange since 1967, has had to deal with a financial crisis that forced 129 Wall Street firms into liquidation or merger, with pressure from Washington for closer exchange control of brokerage houses and with a Board of Governors still dominated by clubby traders who resist change. Said Haack last year: "My job is to move these people into the 21st century." In the effort, he stirred considerable acrimony among board members last November by going over their heads and bravely calling for an end to fixed commission rates on large trades...
Bunting's successor will be the President of Radcliffe College and the dean of Radcliffe College and the dean of Radcliffe under the Faculty of Arts and Sciences, as stipulated under the terms of the non-merger merger...
...million in 1970 and $39.5 million in this year's first half alone. Pan Am's archcompetitor, TWA, has lately been overtaking "the world's most experienced airline" in monthly passenger miles on the North Atlantic run. Talks with TWA about a possible merger, which Halaby once saw as the best route out of rough weather, have come to a halt. Two weeks ago Secor Browne, chairman of the Civil Aeronautics Board, disclosed that he had sent a memo to White House Presidential Assistant Peter Flanigan, raising the possibility of a Government subsidy or a Lockheed-type...
...hardest decisions that Halaby faces involve cutting Pan Am's elephantine overhead costs. The line is paying interest rates as high as 11¼% to finance its 747s. Pan Am has a poor 54% passenger break-even load factor v. 48% for TWA. Salvation through the merger route is improbable, as Halaby now concedes. What healthy domestic line would want to team up with a troubled giant? The chance of Government help is also a long shot, mostly because of congressional opposition. The CAB could award Pan Am some domestic feeder routes, but most domestic runs are already overcrowded...