Word: mergers
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...1990s, Janet Reno’s Department of Justice and the Federal Trade Commission (FTC) took an active role in policing large mergers, in the name of protecting consumer interest. Under their watch, the mergers of Sprint and Worldcom, Office Depot and Staples, and United Air Lines and U.S. Air were all blocked. The FTC even blocked the merger of Meade and Celestron, two hobbyist telescope manufacturers who competed in a market totaling a few million dollars in sales per year. Retrospectively, it’s unclear what benefit, if any, the public received from these blocked mergers since most...
...like BP-Amoco, ChevronTexaco and ExxonMobil demonstrate well enough the industry's recent wave of consolidation. But as Levin targets the brief but headline-making pump-price spikes of spring 2000 and summer 2001 and calls for antitrust action against the industry, he forgets how the got on this merger kick in the first place: the rock-bottom oil prices of 1999. Disappearing profits induced Exxon and Mobil to join forces in search of a vertically integrated economy-of-scale that could find, pump, refine and sell oil without going out business, and the rest of the industry soon followed...
After the merger, the Institute had to rethink how it would keep alumnae and students behind its cause of promoting women at Harvard while addressing a drop in the rate of giving its Annual Fund from some disgruntled alumnae, deal with last spring’s budget shortfall, explain itself repeatedly to Harvard faculty—all while streamlining its programs so that it could carve out an intellectual niche within the University...
...Richey notes that one clear positive effect of the merger was the creation of the Ann Radcliffe Trust—which aims to raise awareness of women’s issues and funds groups or students who are interested in planning a project that deals with women’s issues within the College. An annual contribution of $50,000 from the Institute is a major source of funding for the Trust...
...February meeting with the Radcliffe Union of Students (RUS), Faust said the merger marked a positive step for female undergraduates by forcing the College to confront women’s issues...