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...Mittal Steel, which he built up over the past decade with a slew of acquisitions, in the process making a fortune for himself estimated at $25 billion. The two men have known each other for years and, as board members of the steelmakers' international trade group, meet regularly to discuss industry-wide issues. But on Jan. 13, after predinner drinks in Mittal's Kensington Palace Gardens mansion, the Indian popped the surprise question to his European rival: Why not merge their two companies...
...lite St. Xavier's College in 1969 and joined his father's firm before branching out on his own. "He was very strong in numbers," recalls Sisir Bajoria, a fellow Xavier's student. Mittal split from his father and two younger brothers in 1994 for reasons they don't discuss. He took the international arm, with interests in Indonesia and Trinidad and Tobago, and the rest of the family kept the domestic Indian business. Since then, Mittal has left the other side of the family behind. Over the past five years he has made about 20 acquisitions, buying...
Summers said, though, that he did discuss Kirby’s decision with him prior to his resignation. “Any decision like this is a mutual one,” Summers said...
President Bush in his State of the Union address promised to "rally the world" against the threat of a nuclear-armed Iran. The next step in that effort came Thursday, when the International Atomic Energy Agency (IAEA) met in Vienna to discuss Iran. On the table was a resolution introduced by Britain, France and Germany, calling on the IAEA to refer Iran to the UN Security Council for what it calls Iran's "many failures and breaches of its obligations" under the Nuclear Non-Proliferation Treaty. The resolution notes that Iran's history of concealment of certain nuclear activities...
...undergraduates enjoyed some time off before the start of the spring semester, Summers spent the week in the ski-resort town of Davos, where he joined policy-makers, corporate executives, journalists, and other academics to discuss world issues...