April 2009
eBay Dumps StumbleUpon; Skype Next?
StumbleUpon, the recommendation and “discovery” start-up acquired by eBay Inc. nearly two years ago, said Monday that the company has been returned to its founders. The next question: When will Skype leave the eBay fold? In a statement, Stu...
January 2009
Morgan Stanley and Citi To Form Industry-Leading Wealth Management Business Through Joint Venture
Combined Firm, to be Called Morgan Stanley Smith Barney, Will Have More Than 20,000 Financial Advisors and $1.7 Trillion in Client Assets New Industry Leader Will Offer Clients and Financial Advisors an Unmatched Global Platform Transaction Will Create...
What is Morgan Stanley Smith Barney? Morgan buys controlling interest in Smith Barney brokerage unit of Citigroup Inc.
After days of speculation, Citigroup Inc. the nation’s third-largest bank by assets, after Bank of America and JPMorgan Chase & Co and Morgan Stanley unveiled plans Tuesday to merge their brokerage businesses in a new joint venture. - The c...
December 2008
Winthrop H. Smith speech: Bye Bye Merrill Lynch!
Below is an impassioned speech delivered Friday to shareholders Winthrop H. Smith, a long-time Merrill employee and son of one of the founders, as they gave the go-ahead to merge with Bank of America. ‘Thank you for allowing me to say a few words...
November 2008
Can Ian Smith replace Sir Crispin Davis at Reed Elsevier?
Reed Elsevier has today announced the appointment of Ian Smith to succeed Sir Crispin Davis as Chief Executive Officer. Mr Smith joins Reed Elsevier’s board as CEO-designate on 1 January 2009 to ensure a seamless transition before Sir Crispin reti...
September 2008
Frederick W. Smith again wins: A review on FedEx Corp Shareowner Meeting
Memphis-based FedEx Corp formerly known as FedEx Kinkos shareholders voted down a proposal to separate Frederick W. Smith’s role as both CEO and chairman at its annual meeting in Memphis. Another proposal that would give stockholders more control ov...
Executive acquisition: Merrill Lynch has snapped up a team of Lehman bankers.
A week after Japan’s leading independent investment bank, Nomura, confirmed it has agreed to acquire Lehman Brothers’ operations in Asia-Pacific and Europe, Merrill Lynch has swooped in and snapped up a team of Lehman bankers. Merrill Lynch & ...
Wachovia Corporation an acquisition machine about to collapse- for sale
I believe it is the loss of public confidence and the bad press that will do them in. It seems that another bank will go down sooner or later. The Wachovia Corporation was formed through a series of mergers over the years that not only made it one of ...
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