Word: mergers
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Dates: during 1980-1989
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...promoting breakfast cereal and laundry detergent, advertising agencies often trumpet the message that giant size is the best size. Now they are embracing the bigger-is-better philosophy for themselves. Merger mania is turning Madison Avenue agencies into megashops with clients in almost every business and bases in every major world market. In the past month alone, three huge mergers involving billions of dollars in advertising have made headlines...
...host undergraduate classes in Radcliffe buildings. It might undertake to publicize its resources more effectively among undergrads, perhaps, crassly, by stamping its logo on all that it funds, the way Harvard does. But these are just random examples. The underlying point is that Radcliffe need not have interpreted its merger-that-dares-not-speak-its-name in a manner that absolves it of all responsibility for acting like a College...
While fighting off lawsuits from the outside, accountants are also facing increasingly intense competition within their industry. Reason: merger mania has shrunk the pool of potential clients for major accounting firms. As a result, the genteel rules that once governed C.P.A. competition have gone by the boards. Says Jerome Lipman, head of his own Chicago accounting firm: "In the past, the theory was that if you had your green eyeshade on and worked at your desk, you'd get more business. That's not true anymore. You have to aggressively go after it now." Client stealing has become more common...
...bill of rights are expressions of growing restiveness at some of the country's biggest public pension funds. The group was founded 15 months ago by fund managers who have some 60% of their assets invested in stocks and bonds and who have felt unfairly battered in the merger and takeover wars that have rocked Wall Street. In their view, many of those battles led to substantial portfolio losses for investors as beleaguered corporate executives paid off would-be takeover artists with greenmail, adopted so-called poison-pill measures to dissuade unwanted suitors by making their firms less attractive targets...
Lightweight Co-Captain Clara Bui feels that the merger will lead to a greater potential for Radcliffe regatta sweeps. She expains that the lightweight eight competition is so thin that the Radcliffe team will probably beat any lightweight eight, despite the fact that the fastest lightweights are in the first lightweight four and JV openweight boats...