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...shares. Before joining Citi, Weill lost out in a power struggle at American Express in 1985. He never lost another, leaving a pile of adversaries, and colleagues, in his wake as he rose to the pinnacle of U.S. financial power at Citi. When Weill consolidated power following the 1998 merger of Travelers with Citicorp, previous favorite son Jamie Dimon was written off like a bad loan. So Prince knows he can't afford to stumble--at least not before Weill lets go of the chairman's role in 2 1/2 years...

Author: /time Magazine | Title: Citi Gets A New Prince | 7/28/2003 | See Source »

...club that became known as America's Team, he hired coach Tom Landry and went on to 20 consecutive winning seasons and two Super Bowl victories. The first executive inducted into the Pro Football Hall of Fame, he championed the instant replay and was instrumental in the 1966 merger of the American and National football leagues...

Author: /time Magazine | Title: Milestones Jul. 28, 2003 | 7/28/2003 | See Source »

...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...

Author: /time Magazine | Title: Openwave: DON LISTWIN/Redwood City, Calif. | 7/28/2003 | See Source »

...past decade. The combined firms would be the world's largest aluminum company. The next day, three companies in the U.S. announced separate acquisitions valued around $1 billion or more each. "That's the first time [for three in a day] since December 2001," enthuses Peterson. Has the merger lovefest really returned - and if so, is that a good or bad thing for average investors and the companies themselves? The mergers are widely regarded as one sign of impending economic recovery, but few want them to signal a return to the hysterical days of the late 1990s, when companies eager...

Author: /time Magazine | Title: Return Of The Urge To Merge | 7/13/2003 | See Source »

...IDEC's Rituxan for non-Hodgkin's lymphoma each generate more than $1 billion in annual sales, and both companies are solidly profitable. Yet "the combination will create more value than either could as separate entities," says William Rastetter, ceo of IDEC. That's why a wave of mergers could sweep the industry. There are only about three dozen biotech firms that regularly make money today, but that number could triple by 2007, creating more attractive merger candidates, says Viren Mehta, principal at Mehta Partners, a global health-care investment group. Few of them, however, are outside...

Author: /time Magazine | Title: Will This Experiment Work? | 7/13/2003 | See Source »

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