Word: mergers
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...electric guitar; after collapsing while preparing to travel to a Nashville birthday concert; in Mahwah, New Jersey. OUSTED. G. KIRK RAAB, 59, president and ceo of biotech giant Genentech; following the revelation that he had requested a personal $2 million loan guarantee from Roche Holding Ltd. while negotiating a merger with the firm; in San Francisco. During Raab's five years at Genentech, the company's revenues nearly doubled. But shareholders have been growing restive over earnings and the terms of the Roche deal. Thus the board may have been looking for an excuse to remove Raab...
Nowhere has the transformation of the teaching hospital been more dramatic than in Boston. Last year, in the medical merger of the century, Massachusetts General Hospital hooked up with Brigham and Women's Hospital; they had been ranked No. 1 and No. 2 in federal research dollars received. A few months earlier, Daniel Tosteson, dean of the Harvard Medical School, with which both hospitals are affiliated, wrote that "no single institution has the resources required to respond effectively to managed care and other external pressures ... while at the same time maintaining excellence across the full range of services...
Zeckhauser said the merger represented "the natural evolution for these two organizations...
Prior to the merger, Harvard Planning provided design and construction expertise and Harvard Real Estate managed the nonacademic properties...
...hostile bid during six months of previous negotiations. "When we found out that Lotus did not want to be acquired, our initial reaction was, well that's that." In the end Gerstner decided that the hostile offer was "in effect the only way we could get it [a merger] started." Such are the challenges of romance when the square falls for someone cool...