Word: mergers
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Radcliffe was made a little moreinteresting--and a little more nebulous--with the"non-merger merger," an agreement between thecolleges approved by the Board of Overseers andthe Radcliffe Board of Trustees in 1971. Under theagreement, Harvard absorbed responsibility for allof Radcliffe's finances. Radcliffe, however,maintained its governing board, presidency, andtitle to its land in Cambridge...
...also noted a certain poignancy of beingthe last Radcliffe graduate to win the prize. Aspart of a proposed merger agreement betweenHarvard and Radcliffe, the class of 1999 is thefinal class of women to graduate from both Harvardand Radcliffe jointly...
...also noted a certain poignancy of being the last Radcliffe graduate to win the prize. As part of a proposed merger agreement between Harvard and Radcliffe, the class of 1999 is the final class of women to graduate from both Harvard and Radcliffe jointly...
Most important, the merger is now producing metal. In Graz, Austria, this month, Mercedes and Chrysler vehicles began rolling off the same assembly line--in auto manufacturing, this is akin to walking on water. The Graz plant originally made the Jeep Grand Cherokee. But when the merger talks began last year, Mercedes car chief Jurgen Hubbert spotted a golden opportunity to expand production of the new M-class suv without paying the exorbitant costs of a new factory. In an odd twist, Mercedes saves more than $70 million by shipping components from its plant in Tuscaloosa, Ala., back to Europe...
...cross-pollination would not have worked without American patience and flexibility. "Forget 'merger of equals,'" says Stallkamp. "We're one company now, and we're making it work." Despite the early arrogance of the Germans, Stallkamp and his band impressed them with technical prowess--the best auto-manufacturing operation in the world--and a willingness to bury differences and just get the job done...