Word: mergers
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Three Business School finance experts yesterday told a group of Wall Street Journal-clutching alumni that rapid, major changes in capital markets including merger-mania and growing global integration have significantly altered the money profession in the past 10 years...
...expert has moulded Harvard's metamorphosis in several key areas: the endowment more than tripled to $3 billion; graduate schools, like the Kennedy School of Government, have rapidly expanded; and, in what Bok calls the most significant change of all, undergraduate life became co-educational when Radcliffe signed a merger agreement with Harvard...
...starting in 1980. A lawyer by training, Wright began working for GE in 1969. He has been a close Welch ally since 1973, when he joined the GE plastics group that Welch then headed. Wright is said to have been a major behind-the-scenes force in organizing the merger of GE and RCA. His background suggests a distinct change from the relaxed management style and well-established Hollywood connections of Tinker, who moved the network from the ratings basement to No. 1 during his five-year reign...
...long bid to buy Conrail, the now profitable Government- owned rail system. Early last year Transportation Secretary Elizabeth Dole had selected Norfolk Southern as the best qualified of 15 bidders to buy Conrail's freight-hauling business for $1.2 billion. Last February the Senate approved, and the much bruited merger seemed to be on track...
...real aim of the U.S.F.L. owners may have been not to beat their N.F.L. rivals but to join them. At the very least, figured some U.S.F.L. owners, the older league might be persuaded to take in the most prosperous franchises or even agree to a merger that would sweep in the whole U.S.F.L. There was precedent, after all: the N.F.L. in 1950 absorbed the best teams in the fledgling All-America Football Conference and then in 1966 merged outright with the arrivistes of the American Football League...