Welch squelched; GE/Honeywell; GE's merger with Honeywell in danger.(Business)(Jack Welch)(Brief Article)
Economist (US), The, June, 2001
ADMITTING he was not too old to be surprised, Jack Welch, veteran chairman of General Electric and mastermind of its intended merger with Honeywell, stomped away from Brussels on June 14th, saying that the European Commission's conditions for allowing the deal were so tough that they would fatally undermine it. But should he have been surprised? There were plenty of signs in recent weeks that the $42 billion deal was in trouble.
Waved through briskly by American antitrust authorities last month, the merger met a far more sceptical reception in Brussels. On June 19th Jeffrey Immelt, Mr Welch's successor-in-waiting, told a French newspaper that its chances of success had faded to "nil". Although a few optimists think a deal is still possible, GE has gone far...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
