Word: mergers
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Dates: during 1990-1999
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...this day, McArthur give umbrellas to people who leave his office when it's raining. along the way, McArthur has taken the Business School through its largest restructuring effort and engineered a pioneering merger between two of the Medical School's teaching hospitals...
...chair of the board of the Brigham andWomen's Hospital, he was instrumental inengineering its merger with Massachusetts GeneralHopital (MGH) in the fall...
McArthur said he would continue in hispositions as Chair of the Mass General/Brigham andWomen's merger as well as Chair of the Brigham...
...offer values the Wellcome shares at 49% above their price before the Glaxo bid. The Wellcome Trust--a charitable foundation that has a 39.5% stake in the drugmaker and is Wellcome's biggest stockholder-- confirmed that it would seek court permission to sell its shares. If completed, the merger would make the new firm among the largest corporations in Britain and the biggest drug manufacturer in the world...
From here on, the memories cut too close to be laughed at with such insouciance. Take the weird belief of the 1980s in mergers for their own sake, irrespective of what was being merged-and even if the merger could be accomplished only by borrowing so many billions as to crush the merged company under a mountain of debt. We are still living with the consequences. The need to undo some mergers helped launch the downsizing mania that has spawned a crazy credo: companies exist not for the purpose of producing goods and services, nor even maximizing profits...