Word: sectored
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Along with her husband, Gustave, she created the Hauser Center for Nonprofit Organizations at the Kennedy School of Government "to improve the quality of nonprofit management and the preparation of leaders in this sector...
...Radcliffe Institute for Advanced Study, unveiled to staff, alumnae and the press yesterday, will become a non-degree-granting sector of the University on equal administrative footing with Harvard's nine faculties...
Size is so important that the prospect of creating a "champion of the European banking sector" prompted Banque Nationale de Paris to attempt to outmaneuver its rivals with a dramatic $37.6 billion offer to buy both Societe Generale and Paribas once their intended merger was announced, further jolting the French markets. If the BNP takeover ever goes through, it will create a bank with nearly $1 trillion in assets--Europe's largest--and give it an edge over the top U.S. bank, Citigroup, which currently has assets of $668.6 billion...
...follows French companies for the Credit Suisse First Boston bank in London, says the BNP offer was "more aggressive than we are used to in France." But he also notes that the French government, which until recently took an active role in overseeing takeover deals in the financial sector, has remained silent at the outburst of cannibalism. "France is eager to remain in the race, and there's an overall feeling that [its institutions] have to be a bit more Anglo-Saxon, more market oriented," De Lamaze says...
After banking, next in line for the takeover fever are automobiles, chemicals and pharmaceuticals. Who benefits most from this? One sector that surely is not suffering is the overseas branches of American investment banks, which have vaulted ahead of their European financial rivals in advising European companies on mergers and acquisitions. In 1998 Morgan Stanley ranked first as the leading financial adviser of completed transactions in Europe, followed by Goldman Sachs. Warburg Dillon Read, an adviser based in Britain, had held the top spot for the two previous years...