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...current rush of mergers good for American business? For stockholders? For the country?" You should also have questioned their impact on the work force. Research conducted by Philip Mirvis of Boston University and me shows that even "friendly" mergers and acquisitions are extremely stressful for employees. Top managers and key performers fear that the careers they have developed will matter little when a new owner takes over. Worst-case rumors run rampant, and the most talented staffers spend their work hours lining up interviews with other firms. It is not surprising that this decreased morale and productivity contribute...

Author: /time Magazine | Title: Letters: Jan. 13, 1986 | 6/21/2005 | See Source »

...profit-sharing payments and hurt employee morale. Many pilots have left because they were dissatisfied with their pay and disliked being assigned extra jobs on the ground. Between 1984 and 1985, the number of pilots dropped from 1,100 to about 950. "We're having a family crisis," says Philip Rogers, a 727 captain who has stayed on. Burr says the remaining pilots are enough to fly the fleet, and new ones are being hired...

Author: /time Magazine | Title: Super Savings in the Skies | 6/21/2005 | See Source »

...tattle was all about Ferguson's visit, at Queen Elizabeth's invitation, to Sandringham for a week-long New Year's house party. She was first spotted with Andrew last June at Ascot, and they have been known to make the London nightclub scene together. The Queen and Prince Philip are reportedly delighted that their second son is dating a proper Sloane Ranger and member of the British upper classes. But will all that royal family pressure back the single-minded Andrew...

Author: /time Magazine | Title: People: Jan. 20, 1986 | 6/21/2005 | See Source »

...Philip Habib, the veteran of diplomatic wars from Lebanon to the Philippines, was back in President Reagan's service last week, this time as special envoy to Central America. There had been speculation that the purpose of his trip was to discuss President Reagan's plans for stepped-up support for the Nicaraguan contras. Habib insisted that his talks with the leaders of El Salvador, Honduras, Guatemala and Costa Rica were "exploratory...

Author: /time Magazine | Title: World Notes: Mar. 24, 1986 | 6/21/2005 | See Source »

...negotiations with the leftists he is fighting, as part of a broader settlement whereby the Sandinistas would negotiate with the contras to end the civil war. The contra leaders have endorsed the Contadora and the Duarte initiatives, and Reagan reiterated his own support for both when appointing veteran Troubleshooter Philip Habib as his special envoy for Central America two weeks...

Author: /time Magazine | Title: Essay: Why Congress Should Approve Contra Aid | 6/21/2005 | See Source »

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