Word: mergers
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Dates: during 1990-1999
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...thankful for last Thursday. The CEO of America Online sat down to turkey with his family just two days after announcing a deal to devour Netscape Communications nearly whole (he carved off a piece for his friends at Sun Microsystems). The initial spin on the most momentous merger in Internet history was that it put the world's leading online service first in line for electronic commerce and entertainment--a market that could be worth trillions in just a few years...
...Percentage of the domestic market that Exxon and Mobil would control after their proposed merger, creating the largest oil company in the world...
...international banking. And his vision has been playing out on a national scale for the past 20 years. Fittingly, the first bank in the U.S. to have branches coast to coast is that same Bank of America, which accomplished the feat just this year through its $48 billion merger with NationsBank of Charlotte...
...York City. He took to the streets early, was busted almost at once for shoplifting, later for delivering drugs. Luciano was a tough teenage hoodlum on the Lower East Side when his gang targeted a skinny Jewish kid whose bold defiance won their respect. The encounter led to a merger of Jewish and Italian gangs and a lifelong friendship. When Luciano rebuilt the mob, Meyer Lansky was the architect. A ruthless natural ability enabled them to rise through the ranks of their chosen profession. Sometimes they simply eliminated the ranks. When they downsized colleagues, it was permanent...
...When that failed, he raised money from some wealthy Yale pals and joined Colonial Air Transport, which won the first U.S. airmail contract, between New York City and Boston. That same crowd liked to play in the Caribbean (excellent choice), where he created Pan American Airways Inc. from a merger of three groups. Trippe began service with a flight from Key West, Fla., to Havana, Cuba...