Word: mergers
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Dates: during 1970-1979
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Sensible Match. Wall Street's depression has also led to a rash of merger discussions; strong firms are trying to acquire weaker ones, and undercapitalized houses are wooing those that are better financed. During the 15 months ending April 1, the number of New York Stock Exchange member firms declined from 646 to 612, largely through mergers. Recently, Dean Witter & Co. agreed to take over San Francisco-based J. Barth & Co., and Clark, Dodge acquired the West Coast brokerage firm of Irving Lundborg & Co. Last week Halle & Stieglitz announced that it would take over five offices of Orvis Brothers...
...plan, the two exchanges will share many of the same computer facilities, and Amex stocks will be included in the Big Board's central certificate service, an automated system for handling stock transactions. The cooperation will extend down to the clerical levels and may eventually result in a merger of the two exchanges. Economic necessity forced the moves -the exchanges have also been hurt by the bear market. But by reducing costly paperwork and increasing efficiency, the changes should aid the brokerage houses as well...
...issue of women's education is one that will require considerable study and commitments before merger passes. The problem with separate institutions, however, is that Radcliffe is not independent. Women depend on Harvard totally for their classroom education. Caroline W. Bynum, assistant professor of History, pointed out recently that the position of women at Harvard bears some resemblance to that of blacks in the nation: "The men have all the intellectual resources, just as the whites have all the money." Now Radcliffe must contract with Harvard for women's education. It is either not possible to exert pressure from Radcliffe...
...person who could influence the prospects and realities of merger most is the new President of Harvard. Proponents of merger all emphasize that the president will have to feel a strong commitment to women's education. Were a man like Chase Peterson to become president, merger probably would not pass, and women would be kept in their present state of limbo between a full education within the University and the separate education that other colleges have had since their inception. A president committed to equality of women within the University could bring the whole community together and possibly influence...
...TIMETABLE for merger is still vague. Over the summer, a committee of two members of the Harvard Corporation and two Radcliffe Trustees will gather recommendations from the community and present a report in the Fall. (Recommendations should be sent to the Corporation-Trustee/Committee, c/o The Secretary to the Corporation, Massachusetts Hall.) Although Pusey has been in favor of merger, it is unlikely that any action will be taken on megrer until after the new president takes office. Many problems are still unresolved, and serious detail-by-detail negotiations could take more than a year. Some details have been merged...