Word: sommer
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Dates: during 2000-2009
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...Sommer has fumbled a string of proposed corporate marriages. Last year he failed to pry Qwest Communications loose from a merger with US West. Before that he tried to merge with Telecom Italia but lost a humiliating battle to a much smaller Italian rival. In the process, Sommer managed to alienate his partners at France Telecom, torpedoing a four-company alliance...
...Europe's longest-running business soap operas: Will German phone giant Deutsche Telekom finally take the plunge in the U.S. market? Ron Sommer, who heads the $200 billion company, needs a U.S. beachhead to make his former monopoly a global telecom player. And he has $100 billion for acquisitions burning a hole in his pocket...
Just last month, when Sprint's proposed merger with WorldCom was blocked by antitrust regulators, Sommer sent a marriage proposal to Sprint, where he already has a 10% stake. No dice. The plan was immediately attacked by a group of U.S. Senators who vowed to thwart any effort by DT, which is 58% owned by the German government and not exactly renowned for being customer friendly, from taking control of Sprint. Their position has angered the European Union, which calls it a violation of a 1997 global-trade deal and is threatening to retaliate...
...Sommer, regarded as one of the torchbearers for ethnic studies, says that "ethnic studies is American studies...
...With the successful completion of the Capital Campaign this year, Knowles wrote in an e-mail message that he will discuss with Lee and Sommer "how best further to enrich our curricular offerings in [ethnic studies]," adding that his first priority is to help the departments most in need of Faculty...