Word: sized
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Dates: during 1990-1999
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...what this would mean for their accounts. And in Charlotte? McColl wasn't talking, having unloaded the big news in New York City early in the week. But from his 50th-floor office, he was surely reflecting on the inescapable truth and beauty of the First Law of Godzilla: Size does matter...
...either/or proposition: McColl and company recognize that technology is their business and size is poor insulation from change (just ask Japanese banks, among the world's largest, now immobilized by bad debt, weak management and a stunted economy). The future lies in being both nimble and smart. "We have a lot of competition these days, even from people like Microsoft," said McColl recently, revving up his engines. "Software is becoming everything...
...Travelers deal was announced--creating a giant with $42 billion in equity--vice presidents at still independent Goldman Sachs nervously fingered their E-mail with questions about when the famously private firm might seek a public offering to raise more cash in order to boost its size. Technology and deregulation have--even for a firm with profits north of $3 billion--turned the competitive heat way, way up. "In five years this firm may be run by a software guy," Goldman CEO Jon Corzine once mused to TIME. A geek at the helm of Goldman? Goodness...
...firms like the new BankAmerica and Citigroup will offer the safest possible havens for investors--safer, perhaps, than even government-printed money. In the end, what the semper financiers are after is not just new customers or new deposits but a kind of business immortality ensured by their gargantuan size and guaranteed by their killer technology. E-cash, wealth accounts and consumer derivatives will have made these firms as essential as cash itself once was. If business immortality can be purchased, these are the people who will figure out how to finance it. And they will be doing so with...
...quite readable form in Hamer's provocative new book, Living with Our Genes (Doubleday; $24.95). "You have about as much choice in some aspects of your personality," Hamer and co-author Peter Copeland write in the introductory chapter, "as you do in the shape of your nose or the size of your feet...