Word: mergers
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Dates: during 1990-1999
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...Health Net's Greaves and QualMed's Hasan formally agreed to merge their companies. The merger triggered a "termination agreement" under which Greaves would receive a lump-sum payment of $1.1 million because technically he had been terminated from his former positions--even though he became cochairman and co-chief executive of the parent of the merged companies, Health Systems International, a job that paid a base salary of $865,000. "I gave up my sole authority as president, chairman and ceo," says Greaves, "and my contract said if that happens you get paid out your contract...
...MEDIA-MERGER WALLFLOWER OF THE YEAR: Barry Diller. 1994: Tries for Tiffany Network. 1995: Gets Home Shopping Network. Runner-up: Rupert Murdoch...
...about the chauffeur's daughter (Julia Ormond), living over the garage on a vast Long Island estate, in love since childhood with David (Greg Kinnear), the playboy living up the driveway. When she grows up and he notices her, that threatens his engagement, which in turn threatens the merger of two family firms that Linus (Harrison Ford), his older brother and a grumpy workaholic, has been nurturing. The latter sets out to seduce Sabrina for purely business purposes and ends up himself seduced by this wise child...
WHEN COMEDY CENTRAL was born in 1991, the result of a merger between HBO's Comedy Channel and MTV Network's HA!, it was a cable network in search of an identity. Its mix of anonymous stand-up comics telling jokes about gender wars over toothpaste caps, reruns of old sitcoms like McHale's Navy, and a smattering of new programs (like Sports Monster, an unfunny spoof of sports wrap-up shows) was hardly exciting. Comedy Central should have been hip and edgy--a Seattle to the broadcast networks' Des Moines. Instead it fell Grainbelt flat...
Redstone said merger activity in the U.S. has increased at a rapid pace in the early 1980s, with favorable regulations approved by the Reagan administration. Mergers this year affected $347 billion of American business...