Word: mergers
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Dates: during 2000-2009
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...when a German regional court in Düsseldorf confirmed that Ackermann, 55, would stand trial along with five other German executives in a case tied to the €180 billion takeover of Germany's Mannesmann by the British mobile-phone company Vodafone in 2000, the largest corporate merger in European history. Ackermann and three of the others, including the former national labor leader Klaus Zwickel, were members of Mannesmann's supervisory board at the time and are charged with "breach of trust," a violation of fiduciary duty. The case has stunned the German business and political worlds and sparked...
...stock has been halved from its high of $60 in 2000. Back in 1986, CEO Jack Welch diversified with a similarly risky move--by acquiring NBC. It paid off; NBC's profits surged 20% for the first half of this year, ahead of every other group save one. The merger, says Wright, shouldn't slow profit growth. The combined NBC Universal should bring revenues of $13 billion, enough to move GE's top-line growth too. GE amassed sales of $132 billion last year. Still, says Rob Friedman of Standard & Poor's Equity Research Service, "I don't think...
This principle of openness assumed enormous significance in 1977, when Radcliffe College delegated to Harvard responsibility for management of the undergraduate affairs of women students. That “non-merger merger” was subsequently the subject of varied interpretations by the Radcliffe and Harvard administrations, but in Archie’s mind there was only one way to understand the language: everything open to men had to be open to women. Every group except the Final Clubs eventually accepted that principle, and in the course of that transition Harvard became, in a very few years, a fully coeducational...
...production operations (see chart). Vivendi's future, on the other hand, is far from certain. "Vivendi remains a mixture of assets with little industrial logic," says Steve Liechti, an analyst at Merrill Lynch in London, echoing a common view among Vivendi watchers at big banks. True, the nbc merger is a key step in Fourtou's campaign to stabilize Vivendi and slash its debt, which totaled €35 billion when he joined the company in July 2002. After the deal, it will be below €10 billion. Fourtou's problem is that Vivendi remains a jumble. It has some telecommunications...
...former heir presumptive at Cisco Systems, Listwin, now 44, was tapped in August 2000 to head up Openwave, a company formed by the merger of Phone.com and Software.com Initially, it was expected to profit from a coming wave of interest in browsing the Internet on the small screens of cell phones. At its peak a year later, Openwave boasted $500 million in annual revenue and a share price of $125. But by mid-2002, Openwave shares had plunged to 43--freighted by the telecom bust and by the firm's particular missteps. "This was not a trusted company," says Listwin...