Word: mergers
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Dates: during 1990-1999
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Sources have said for the last 12 months that the goal of negotiations would be a "full merger" between the two schools, in which Radcliffe would drop its "college" designation and become instead an institute under the auspices of Harvard...
...sides have now come to the long-sought merger, Radcliffe's official claims to undergraduate women will likely cease...
Under Harvard's umbrella, Radcliffe'sadministrative structure, including itsindependent and self-selecting Board of Trusteesand the college president they choose, wouldlikely be affected by a full merger...
...chairman Michel Pebereau, who is regarded as a maverick in the clubby world of French banking, hailed his plan as "the best possible for the French banking system," but Societe Generale and Paribas rejected the offer as unfriendly. Fighting to save their original merger, the two takeover targets promised an additional $280 million in savings to their shareholders, bringing the total to $1 billion, closer to Pebereau's pledge of $1.4 billion in "synergies" at the new bank...
...legacy is more troublesome. He regarded competition as wasteful and chaotic, which in his day it often was. To bring stability and order to the economy--and to fulfill what he regarded as his moral responsibility to safeguard clients' investments--he organized monster trusts. Notably, he midwifed the 1901 merger that created U.S. Steel, the world's first billion-dollar corporation. Such behemoths have spurred economic growth and technological advance. But can they get so big and powerful that the government is justified in breaking them up? If so, when? And how can that be done without losing the economic...