The Myth of Competition

The Myth of Competition - 2 Disney merging with Capital...

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The Myth of Competition Interlocking Directorates refer to the linkages that result when an individual serves on the board of directors of two or more companies Megamergers – There are thousands of mergers each year, as giant corporations become even larger. The ten largest mergers in U.S. history have occurred in the last fifteen years: 1) Time, Inc. and AOL joining with Warner Communications
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Unformatted text preview: 2) Disney merging with Capital Cities/ABC 3) Wells Fargo combining with First Interstate Banks 4) NationsBank joining with BankAmerica 5) Philip Morris taking over Miller Brewing 6) AT&T buyout of Tele-Communications, Inc. 7) Citicorp merging with Travelers Group 8) Texaco buying out Getty Oil 9) Exxon merging with Mobil Oil 10) MCI World-Com’s acquisition of Sprint...
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