Word: multibillion
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Dates: during 1990-1999
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...week the CEO proposed his most spectacular link-up yet: a plan to merge $70 billion Bell Atlantic (which serves roughly 40 million customers in 13 states) with GTE, a $52 billion company with some 21 million widely scattered customers. Earlier in the week AT&T had announced a multibillion-dollar joint venture with British Telecom. Driven by a violent reworking of the competitive and technological landscape, phone giants were embracing one another mostly out of mutual fear and defensiveness...
...good nature. "The financial market has practically ceased to exist," Kiriyenko said. "Social tension is growing in society, which naturally is not helpful to stabilization." Kiriyenko pleaded with the recalcitrant Duma to speed passage of a series of new tax laws that Russia needs to get a desperately needed multibillion-dollar bailout from...
...Gates of biotech. Just as Gates leverages his monopoly in computer operating systems to dominate other areas of the software industry, Venter may someday control information about the human genome--which in effect is the operating system of humans. That would enable him to hold sway over the burgeoning, multibillion-dollar business of creating drugs, diagnostic tests and other products based on human genes...
...stakes involved--$442 million of Harvard's money--may be small compared to the multibillion dollar mergers of telephone giants like WorldCom and MCI or financial behemoths Citicorp and Travelers...
...essence of Nike is that it is a multibillion-dollar company built by pretty good athletes to serve great athletes, a place where work is play and play is damned serious. "We are in the sports business, not the shoe business," says Mark Parker, a vice president and former shoe designer who has been Nike's chief strategist. "It is not just a better definition of what our epicenter is but what we are all about." That's why, for instance, Nike bought Canstar Sports, which makes Bauer hockey equipment and inline skates; why the swoosh has been extended, with...