Word: mergers
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Dates: during 2000-2009
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...from Harvard in applied mathematics and computer science, it was his job to analyze what had already happened in order to figure out what was to come.Then, in 2004, everything changed when Swanay was laid off for the second time in his career as a result of a corporate merger. Contemplating his next move, he felt a sense of disillusionment with the path he had chosen.“I had always gotten stellar performance reviews,” Swanay says. “I still had my parents’ generation’s mindset that if you work...
...short-term nature (even before the crisis, a large chunk of bonuses was paid in restricted stock that couldn't be cashed in for years) than its staggering generosity. This remunerative largesse extended far beyond the top five or even top 25 executives at big firms. Shortly before its merger with Bank of America at the beginning of this year, Merrill Lynch paid bonuses of at least $1 million to 700 employees--after the firm's worst year ever, when it racked up losses of $27 billion...
Government officials argue that by imposing Shari'a law, Islamabad is merely bowing to what is a popular local demand. The Swat Valley was traditionally a princely state that operated its own tribal system of governance until its merger with Pakistan in 1969. One of the factors that appears to have contributed to Fazlullah's ascent was his call for a return to a Shari'a-based system that offers swift justice and, therefore, relief from what many allege is Pakistan's venal police and court system. By stealing a march on Fazlullah, the government believes that...
...students who may not have been given a chance elsewhere. At Savannah State, the figure hovers around 35%. A bigger problem is money: HBCUs are chronically underfunded, and Savannah State--with an endowment of just $3.4 million, compared with Armstrong's $7.9 million--is no exception. Harp expects the merger to help close that gap, an aspect of the plan that is winning over some critics. Emanuel Jones, chairman of Georgia's Legislative Black Caucus, says his "ears perked up" at talk of funding disparities, and he is co-sponsoring a resolution to study the merger's impact in detail...
...meantime, some students see at least one advantage to the merger. "A few people said, 'See it for the social aspect,'" says Savannah State sophomore Guannue Bouquia, 20. "More parties...