Word: pushback
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Dates: during 2000-2009
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...calls. Fazio finally quit just before Christmas - and one of the foreign bids, by Dutch bank ABN AMRO for Banca Antonveneta, eventually succeeded. Domestic politics remains a temporary risk, says Morgan Stanley's Pereira, but "the forces underlying European M&A trends are much stronger than any episodic national pushback." Indeed, mergers have a way of perpetuating themselves. Barrett says that chief executives of European companies are now under pressure from their boards to do deals in order to boost growth. "The subdued M&A activity over the past three years had a lot to do with the fragility...
...details have yet been provided, of course, and there may well be some pushback against the idea of offering guarantees to North Korea from Vice President Dick Cheney and other hawkish elements in the administration when the presidential entourage returns to Washington. And the initiative will mean little if North Korea goes ahead and tests a weapon in the comings weeks or months. But for now, the U.S. response to the nuclear crisis on the Korean peninsula is following more familiar Cold War doctrines of containment, deterrence and engagement, rather than the "preemption" doctrine that got its first real-world...