Merger Mania

Merger Mania

Author: Andrew Sancton

Publisher: McGill-Queen's Press - MQUP

Published: 2000

Total Pages: 188

ISBN-13: 9780773521636

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The idea that merging municipalities will improve local services and economic competitiveness has its roots deep in the nineteenth century. Municipalities in the US were first merged as early as 1848. However, despite being merged at the turn of the twentieth the city of New York was effectively bankrupt by 1975. In contrast metropolitan Boston - often seen as a recent success story in global competition - comprises 282 distinct municipalities. Outside the United States, forced municipal mergers were a popular policy in many European countries and Canadian provinces during the 1960s and 1970s. The city of Laval, just north of Montreal, and the "unicity" of Winnipeg owe their origins to this period – both amalgamations failed to meet their original objectives. Despite the emergence of "public choice" theory - which justifies municipal fragmentation on market principles - some politicians and public servants in the 1990s have continued to advocate municipal amalgamations as a means of reducing public expenditure, particularly in Ontario. In Merger Mania Andrew Sancton demonstrates that this approach has generally not saved money. He examines the history of amalgamation, as well as studying recent forced municipal mergers in Halifax, Toronto, Ottawa, Hamilton, and Sudbury. In the concluding chapter he examines the case for municipal amalgamation on the Island of Montreal and argues that those who would abolish locally elected municipal councils are obligated to explain very carefully - especially in light of evidence to the contrary - exactly why they think such drastic measures are necessary. A compelling examination of a timely issue, Merger Mania is a must-read for anyone interested in the politics of city governments. Andrew Sancton is professor of political science at University of Western Ontario and the author of several books on city politics.


Merger Delusion

Merger Delusion

Author: Peter F. Trent

Publisher: McGill-Queen's Press - MQUP

Published: 2012-10-01

Total Pages: 700

ISBN-13: 077358756X

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Powerless under the country's constitution, Canadian municipal governments often find themselves in conflict with their provincial masters. In 2002, the Province of Quebec forcibly merged all cities on the Island of Montreal into a single municipality - a decision that was partially reversed in 2006. The first book-length study of the series of mergers imposed by the Parti Québécois government, The Merger Delusion is a sharp and insightful critique by a key player in anti-merger politics. Peter Trent, mayor of the City of Westmount, Quebec, foresaw the numerous financial and institutional problems posed by amalgamating municipalities into megacities. Here, he presents a stirring and detailed account of the battle he led against the provincial government, the City of Montreal, the Board of Trade, and many of his former colleagues. Describing how he took the struggle all the way to the Supreme Court of Canada, Trent demonstrates the ways in which de-mergers resonated with voters and eventually helped the Quebec Liberal Party win the 2003 provincial election. As the cost and pitfalls of forced mergers become clearer in hindsight, The Merger Delusion recounts a compelling case study with broad implications for cities across the globe.


Mergers and Alliances in Higher Education

Mergers and Alliances in Higher Education

Author: Adrian Curaj

Publisher: Springer

Published: 2015-03-31

Total Pages: 318

ISBN-13: 3319131354

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This volume casts light on mergers and alliances in higher education by examining developments of this type in different countries. It combines the direct experiences of those at the heart of such transformations, university leaders and senior officials responsible for higher education policy, with expert analysts of the systems concerned. Higher education in Europe faces a series of major challenges. The economic crisis has accelerated expectations of an increased role in addressing economic and societal challenges while at the same time putting pressure on available finances. Broader trends such as shifting student demographics and expectations, globalisation and mobility and new ways of working with business have contributed to these increased pressures. In the light of these trends there have been moves, both from national or regional agencies and from individual institutions to respond by combining resources, either through collaborative arrangements or more fundamentally through mergers between two or more universities. After an introductory chapter by the editors which establishes the context for mergers and alliances, the book falls into two main parts. Part 1 takes a national or regional perspective to give some sense of the historical context, the wider drivers and the importance of these developments in these cases. Included are both systemic accounts (for countries as France, Sweden, Romania, Russia, Wales and England), and specific cross-cutting in itiatives including a major facility at Magurele in Romania and a Spanish programme for promoting international campuses of excellence. Part 2 is built from specific cases of universities, either in mergers or alliances, with examples from different countries (such as France, UK, Romania, Spain, Germany, Denmark, Finland, Switzerland). A concluding chapter by the editors assesses these experiences and indicates the implications and future needs for understanding in this domain.


Merger

Merger

Author: Sanjay Sanghoee

Publisher: Forge Books

Published: 2010-08-03

Total Pages: 471

ISBN-13: 1429944560

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Vikram Suri, CEO of TriNet Communications, is a new breed of corporate criminal---smarter and infinitely more dangerous. Behind the façade of oak-paneled boardrooms, fancy personal jets, and lavish mansions, Vik is masterminding a grand scheme of market manipulation, smuggling, money laundering, and extortion through an international network of banks, brokerage houses and dummy corporations. He is a megalomaniac who will stop at nothing to grow his corporate empire, even murder. As the clock winds down to Suri's deadly triumph, no one suspects his hidden agenda – except Tom Carter, an investment banker working on the deal. Torn between his job and his conscience, and locked in the crosshairs of the SEC, Tom enlists the help of Amanda Fleming, a beautiful and intrepid New York Times reporter eager to "break" a big story. Together, they must not only outsmart the brilliant Vik, but desperately try to stay alive! At the Publisher's request, this title is being sold without Digital Rights Management Software (DRM) applied.


Merger Masters

Merger Masters

Author: Kate Welling

Publisher: Columbia University Press

Published: 2018-11-06

Total Pages: 389

ISBN-13: 0231548915

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Merger Masters presents revealing profiles of monumentally successful merger investors based on exclusive interviews with some of the greatest minds to practice the art of arbitrage. Michael Price, John Paulson, Paul Singer, and others offer practical perspectives on how their backgrounds in the risk-conscious world of merger arbitrage helped them make their biggest deals. They share their insights on the discipline that underlies their fortunes, whether they practice the “plain vanilla” strategy of announced deals, the aggressive strategy of activist investment, or any strategy in between on the risk spectrum. Merger Masters delves into the human side of risk arbitrage, exploring how top practitioners deal with the behavioral aspects of generating consistent profits from risk arbitrage. The book also includes perspectives from the other side of the mergers and acquisitions divide in the form of interviews with a trio of iconic CEOs: Bill Stiritz, Peter McCausland, and Paul Montrone. All three took advantage of M&A opportunities to help build long-term returns but often found themselves at odds with the short-term focus of Wall Street and merger investors. Told in lively, accessible prose, with bonus facts and figures for transaction junkies, Merger Masters is an incomparable set of stories with plenty of unfiltered lessons from the best managers of our time.