Word: mergers
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Dates: during 1970-1979
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Whose Lips? Though incapable of love, the extreme narcissist is likely to project his own idealized version of himself onto another person, then worship it for a while. A 19th century example: Herman Melville's attempt at "narcissistic merger" with Nathaniel Hawthorne. Melville wrote Hawthorne: "By what right do you drink from my flagon of life? And when I put it to my lips-lo, they are yours and not mine...
...acquisitively by Columbia University, its big brother across the street. Although Barnard has run a deficit in each of the last few years ($500,000 in 1975-76), the college and its $24 million endowment are nonetheless attractive to Columbia. Mattfeld, a Goucher graduate, argues a partnership, yes, a merger, never. Discovering some "ambiguous wording" in the intercorporate agreement with Columbia, Mattfeld had Barnard trustees write out a specific mandate calling for the college's continued autonomy. At the same time, Mattfeld must allay the fear of some of her faculty that they will lose invitational teaching assignments...
...week, Hurok Concerts worked out a deal with a smaller, rival manager, Harold Shaw, 53, and gave him most of its artistic leadership. Shaw will continue to run his own company, Shaw Concerts, which handles such artists as Guitarist Julian Bream, Contralto Maureen Forrester and Pianist Vladimir Horowitz. A merger may be possible in the future, but for now the move is comparable to Ford turning operations over to American Motors...
...merge with Cleveland's White Consolidated Industries, a producer of appliances and other products (the two companies were founded by members of the same family, but there has been no corporate connection between them for the past 70 years). Early in May, White Consolidated thumbed down the merger -whereupon John Sheehan, a former governor of the Federal Reserve Board, quit as White Motor's president...
...salary into the $100,000 range-far above what gate receipts justify. Because, in part, the A.B.A. operates in smaller cities and has no national TV contract, four of the ten teams have folded in the past seven months. Right now the most realistic hope is a merger with the 18-team N.B.A., which would eliminate inflationary bidding for players. A.B.A. Commissioner Dave DeBusschere has already submitted a memorandum of proposed terms to Larry O'Brien, his N.B.A. counterpart. O'Brien is expected to respond next month...