Word: totaled
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Dates: during 1990-1999
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...precedent-setting battle between Olivetti and Telecom Italia. Franco Bernabe, who took over as chief executive of the recently privatized Telecom only last November, promised to cut costs $560 million a year, including a staff cut of 40,000 employees, nearly a third of the company's total, if shareholders reject the Olivetti bid. Olivetti in turn promised to cut the staff by 12,000 and to spin off noncore operations if its $58 billion plan, among the largest hostile takeovers in history, is accepted. It's easy to forget that the most famous takeover battle of all time...
...clubby world of French banking, hailed his plan as "the best possible for the French banking system," but Societe Generale and Paribas rejected the offer as unfriendly. Fighting to save their original merger, the two takeover targets promised an additional $280 million in savings to their shareholders, bringing the total to $1 billion, closer to Pebereau's pledge of $1.4 billion in "synergies" at the new bank...
...NATO to shield potentially embarrassing details about the war. Despite video footage showing pinpoint allied missile attacks, the military acknowledges that only a small percentage of NATO planes have dropped ordnance on their targets so far. And though the Pentagon declined to say last week what portion of the total NATO sorties had been flown by U.S. aircraft, most military observers believe Americans are doing as much as 80% of the dirty work...
...plans. Here's why: each year, an employer contributes a defined amount (usually 5% to 8%) of an employee's salary into an interest-bearing account. It's more like a 401(k) savings plan than a traditional pension, which is typically based on an average final salary and total years of service. So instead of having to hang around for the long haul to reap most of the benefits, workers can carry their cash-balance earnings whenever and wherever they...
...someone buys fish from Hanson, all he has to do is pack orders into boxes. Charges, including taxes and shipping, are already credited to his bank account. How about a virtual shopping cart, to which the customer can add additional purchases? Using the cart, the shopper can calculate the total bill at any point on the electronic expedition. Most businesses will throw this in with one of their plans, but small businesses might want to make sure it's in the plan they choose. Even online customers enjoy browsing the store. How easy to use is the software needed...