Business Services Industry
Risk managers urged to prepare for merger issues. (SBC Communications risk manager Julie K. Long's speech at the Liberty Mutual Insurance Co.'s Sixth Annual Risk Management Forum)
Business Insurance, October, 1997 by Ceniceros, Roberto
SEATTLE - Risk manager Julie K. Long received little advance warning when telecommunications giant SBC Communications Corp. combined with Pacific Telesis Group in one of the largest mergers in U.S. corporate history. The merger was completed in April after being announced the year earlier. "I have a tendency to walk in my office, pick up the newspaper and see what the company will do next and how it will impact my job," she told about 200 risk managers gathered last week in Seattle for Liberty Mutual Insurance Co.'s Sixth Annual Risk Management Forum.
"Which is exactly how I found out about our merger with Pacific Telesis Group." A merger "is a huge challenge, but it is also a huge opportunity," said the risk manager for SBC Communications Inc., whose parent...
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