Word: tohmatsu
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...were clear personality differences between the hard-charging Middelhoff and the more restrained culture at Bertelsmann. Middelhoff tried to force the company to centralize. But Bertelsmann executives "didn't want to give up their independence," said Dan Arendt, head of the technology, media and telecom practice at Deloitte Touche Tohmatsu. "There's a strong culture of entrepreneurship...
...campaign against soft money--which is given to the party rather than to specific candidates--is being aided by an unlikely new interest group, big donors. Corporate leaders are starting to balk at a system that many view as little more than a party-led protection racket. Deloitte Touche Tohmatsu International, which gave more than $225,000 in the '98 election cycle, mostly to the G.O.P., is likely to cease giving soft money this fall after a vote by its board of directors, predicts chairman Ed Kangas. Several other large companies are expected to do the same. About 100 corporate...