Word: orly
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Dates: during 1990-1999
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Mocha's comments point to another difference between little mergers and the monster variety (besides the obvious one of size). Although the conglomerate craze is waning, most big-time mergers still aim at a degree of diversification. But small firms almost always combine with others in the same industry. That...
"There are almost no short-term cost savings [in a merger] if you do it right," says Fred Zimmerman. He has been on 16 company boards as a small businessman turned professor (of engineering and international management) at the University of St. Thomas in Minnesota. He counsels would-be acquirers...
Such attitudes help deflect the hostility that big mergers often arouse. Rightly or wrongly, many communities fear that big mergers equal big layoffs and a loss of control over the local economy to faraway conglomerateurs. Since little mergers usually aim at faster growth and, eventually, more employment, they are usually...
A viatical is not another impotence wonder drug. Rather, a viatical (from the Latin viaticum, a payment given to Roman officials before embarking on a journey) is a way for a terminally ill or elderly person (the viator) to get money before he dies by selling his life-insurance policy...
Then in 1996 Congress made the proceeds from most viatical settlements tax exempt, and the business really took off. Increasing numbers of terminally ill people, including those suffering from cancer or heart disease, have sold their life-insurance policies to enjoy their death benefits while they're still alive. This...