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first_img Show Comments ▼ Wednesday 22 September 2010 7:45 pm Airbus sells 40 planes to Lufthansa in bumper deal AIRBUS is celebrating after cutting a bumper $4.3bn (£2.74bn) deal with Lufthansa for 40 aircraft.The deal, which was signed yesterday, will see Lufthansa increase the size of its own fleet, and give extra aircraft to subsidiary airlines SWISS and GermanWings.As part of the agreement, Lufthansa, Airbus’ biggest commercial customer, will receive 20 A320 planes and three A330-300 aircraft.SWISS is set to acquire four A320 planes and five A330-300s. Germanwings will take eight A319s. Once the deal is complete, Lufthansa will have acquired 410 aircraft from the French manufacturer.In July, Airbus cut a raft of deals at the Farnborough Airshow, totalling some $28bn. Its biggest customer was Virgin Atlantic, which ordered 60 new aircraft. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp whatsapp KCS-content last_img read more


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first_imgSanlam Kenya Plc (SLAM.ke) listed on the Nairobi Securities Exchange under the Insurance sector has released it’s 2016 annual report.For more information about Sanlam Kenya Plc (SLAM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Sanlam Kenya Plc (SLAM.ke) company page on AfricanFinancials.Document: Sanlam Kenya Plc (SLAM.ke)  2016 annual report.Company ProfileSanlam Kenya Plc (formerly Pan Africa Insurance Holdings Co. Ltd) is an insurance company which underwrites classes of short- and long-term insurance businesses in Kenya. The company offers services for ordinary life insurance, superannuation, general insurance and investments; providing individual life, group and general insurance products as well as investment management services. Sanlam Kenya underwrites life and non-life insurance risks associated with death, disability, credit protection, education, retirement, mortgage protection and property protection. It also has expertise in financial planning and retirement fund management and offers solutions for investment and wealth management as well as diversified asset management solutions. Formerly known as Pan Africa Insurance Holdings Limited, the company changed its name to Sanlam Kenya Plc in 2016. The company is a subsidiary of Hubris Holdings Limited with its head office in Nairobi, Kenya. Sanlam Kenya Plc is listed on the Nairobi Securities Exchangelast_img read more


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first_imgWednesday Apr 24, 2019 Saracens and Leinster dominate shortlist for European Player of the Year 2019 Players from Leinster and Saracens have been rewarded for the outstanding performances that have brought their clubs to next month’s Heineken Champions Cup decider in Newcastle with the two finalists dominating the shortlist for the prestigious EPCR European Player of the Year award.ADVERTISEMENTSean Cronin, Tadhg Furlong and Garry Ringrose are aiming to emulate the achievements of Leinster teammates Sean O’Brien and Rob Kearney who won the prized individual accolade in 2011 and 2012, while Saracens’ Alex Goode and Mako Vunipola are looking to follow in the footsteps of Maro Itoje and Owen Farrell, winners in 2016 and 2017 respectively.The 15 initial nominees from the pool stage have been reduced to five based on the combined verdict of a distinguished panel of rugby experts and a public vote.Voting has now reopened on epcrugby.com/epoty and the winner and recipient of the Anthony Foley Memorial Trophy will be announced following the final at St James’ Park on Saturday 11 May.EPCR European Player of the Year 2019 shortlistSean Cronin (Leinster Rugby)Tadhg Furlong (Leinster Rugby)Alex Goode (Saracens)Garry Ringrose (Leinster Rugby)Mako Vunipola (Saracens)ADVERTISEMENT2018/19 panel of judges:Bryan Habana (Channel 4), Chris Jones (BBC Radio 5 Live), Mathieu Lartot (France Télévisions), Emmanuel Massicard (Midi Olympique), Brian O’Driscoll (BT Sport), Dimitri Yachvili (beIN SPORTS).Past winners:2018 Leone Nakarawa (Racing 92)2017 Owen Farrell (Saracens)2016  Maro Itoje (Saracens)2015  Nick Abendanon (ASM Clermont Auvergne)2014  Steffon Armitage (RC Toulon)2013 Jonny Wilkinson (RC Toulon)2012 Rob Kearney (Leinster Rugby)2011 Sean O’Brien (Leinster Rugby)2010 Ronan O’Gara (Munster Rugby – best player of first 15 years of European club rugby) Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life Reports30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more


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first_imgSocial Media Exchange 2020 heads to Newcastle The Social Media Exchange, sounddelivery’s flagship conference, returns on 5 March, and for the first time will take place in Newcastle. Over 175 charities, community groups and funders will take part in the creative training day designed to help attendees enhance their organisation’s digital storytelling through the sharing of skills, knowledge, and insight.The day will include bite-sized masterclasses and practical sessions covering storytelling, campaigning, engaging with the media, video, photography and more, as well as interactive surgeries, led by media professionals, storytelling innovators and charity professionals.Jude Habib, founder and Director of sounddelivery said:“It is great to be able to host this year’s Social Media Exchange in Newcastle, bringing staff from across the sector to learn new skills and share best practice.”This year, Social Media Exchange also welcomes award-winning Documentary Director and Cameraman Dan Dewsbury as keynote speaker.  Dewsbury was Series Director and Cameraman on BBC2 series ‘The Mighty Redcar’ for 72 Films: an exploration through young voices of the inequality of opportunities that exist in some towns in the North East. He also recently directed ‘Crime and Punishment’ for Channel 4: a documentary examining the Ministry of Justice through the prison system.More information about the event’s speakers as well as registration is available on the Social Media Exchange site. Advertisement Tagged with: Events social media AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  435 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Melanie May | 21 January 2020 | News  434 total views,  2 views todaylast_img read more


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first_img March 12, 2021 Find out more News China: Political commentator sentenced to eight months in prison to go further Organisation RSF_en Seven Chinese journalists and commentators arrested last year for reporting on the Covid-19 outbreak that struck the city of Wuhan are still detained to this day. Reporters Without Borders (RSF) urges the Chinese regime to release them immediately and calls on the international community to increase pressure on the Beijing regime. Follow the news on China ChinaAsia – Pacific Protecting journalistsOnline freedoms Covid19DisappearancesImprisonedImpunityCitizen-journalistsFreedom of expression Help by sharing this information News Since the Covid-19 outbreak in the first months of 2020, the Chinese regime has escalated its silencing of the press and social media and arrested at least ten journalists and commentators who reported on the crisis. Seven of them remain detained or missing to this day, namely: Zhang Zhan, Ren Zhiqiang, Guo Quan, Cai Wei, Chen Mei, Chen Qiushi, and Fang Bin.“Informing the public on this unprecedented health crisis is not a crime! These journalists should never have been arrested”, says Cédric Alviani, Reporters Without Borders (RSF) East Asia Bureau head, who urges for their immediate release and calls on the international community “to increase pressure on the Beijing regime in order for it to release all jailed journalists in China and put an end to censorship”. Of the seven journalists and commentators detained for reporting on Covid-19, only two have been tried and convicted: Former lawyer-turned-journalist Zhang Zhan, 37, was sentenced to four years in prison on 28th December 2020 on the charge of “picking quarrels and provoking trouble” for reporting live from the city of Wuhan during the Covid-19 outbreak. Political commentator Ren Zhiqiang, 69, was sentenced to 18 years in prison on 22nd September 2020 on alleged corruption charges after he highlighted the failures of the regime in their handling of the pandemic. Political commentator Guo Quan, 52, has been detained since 31st January in the city of Nanjing on the alleged charges of “subversion of state power” after reporting online on the Covid-19 outbreak. Press freedom defenders Cai Wei and Chen Mei, both 27, were arrested on 19th April on the charge of “picking quarrels and provoking trouble” after they reposted censored Covid-19 news articles and are awaiting their trial, scheduled for April 2021.Freelance journalist Chen Qiushi, 35, was forcibly quarantined on 6th February 2020 after posting videos on his blog revealing the chaos in the Wuhan hospitals and is  believed to still be detained to this day. Businessman-turned-journalist Fang Bin went missing on 9th February after reporting on hospital oversaturation in the city of Wuhan and is believed to be detained although his whereabouts have not been disclosed by the regime.The Chinese regime, which has launched a global disinformation campaign to deflect criticism, is the world’s biggest captor of journalists with at least 119 press freedom defenders detained. China is ranked 177th out of 180 in the 2020 RSF World Press Freedom Index. center_img Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes News Receive email alerts China’s Cyber ​​Censorship Figures June 2, 2021 Find out more News April 27, 2021 Find out more February 8, 2021 China: One year after the Covid-19 outbreak, seven journalists still detained for reporting on the issue PHOTO: LEO RAMIREZ / AFP ChinaAsia – Pacific Protecting journalistsOnline freedoms Covid19DisappearancesImprisonedImpunityCitizen-journalistsFreedom of expression last_img read more


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first_img Subscribe 4 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Government City Seeks Input on Robinson Park Renovations Community Meeting set for Saturday, May 17, 10:00 a.m. Published on Friday, May 16, 2014 | 2:09 pm More Cool Stuff Business News Your email address will not be published. Required fields are marked * The City of Pasadena Robinson Park Recreation Center Renovation Project Team will hold a community meeting, Saturday, May 17 from 10 a.m. to noon, to begin the planning process for the Robinson Park Recreation Center Renovation Project. The meeting will be held at the Robinson Park Recreation Center’s multi-purpose room, 1081 N. Fair Oaks Ave.gkkworks, the selected architect for the project, will be presenting its updated information on the project so far.“We’ve done a survey of the building,” said Vince Petito of gkkworks. “and we’ve met with the operators of the building and the programs there and we’re meeting with the city maintenance and public works staff to collect all the physical information about the building that we need to understand before we proceed further in the process. So we’re in that stage right now.“We’re going to start the input process,” he continued, “and communicate to the community what kind of feedback we will be looking for, eventually drawing that information from the group. What the community is really looking for in the recreation center project.”Though the city and the design firm will be eager to hear suggestions, said Petito, it’s also important to inform all about the project’s parameters.“We have to make sure we communicate what those items are. For one, it’s a $6 million construction budget and we have to design to that budget.”The project was funded through a Community Development Block Grant (CDBG) as well as a loan through the City of Pasadena Capital Improvement Program.Attendees at the May 17 meeting will also be eligible for a raffle of Dodger baseball tickets.More information on the project is also available at www.gkkworks.com, and www.cityofpasadena.net/PublicWorks, (626) 744-4791. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Make a comment Top of the News center_img Herbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more


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first_img About Author: Nicole Casperson First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Previous: Chronos Solutions Announces New Services Next: McCabe, Weisberg & Conway Join Legal League 100 First American Mortgage Solutions, LLC, recently announced it is one of a few vendors able to offer data verification for all three components of Fannie Mae’s Desktop Underwriter (DU) validation service and Day 1 Certainty through FirstAmerican FraudGuard.Now that First American Mortgage Solutions is an authorized supplier for 4506-T tax transcript service for IRS income verification, benefits include single source for Day 1 Certainty through the DU validation service, easy access to all three verification reports through First American FraudGuard, the ability to order individually or as a suite, and faster reviews with FraudGuard analytics and combined reporting. According to President of First American Mortgage Solutions, Kevin Wall, the company’s comprehensive verification solution provides lenders with one source to get representation and warranty relief on validated loan components from Fannie Mae. “By accessing all three reports in a streamlined workflow, lenders will benefit from greater speed and efficiency, supporting their efforts to enhance the borrower experience,” Wall said. Wall continued to explain how excited the company is to assist lenders in maximizing the value of the Day 1 Certainty program, so they can deliver more loans faster with confidence. “Transforming the future of the mortgage industry requires alignment across all stakeholders and we are excited to be part of this collaboration,” said Wall. Tagged with: First American Mortgage Solutions HOUSING mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Headlinescenter_img Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] First American Mortgage Solutions HOUSING mortgage 2017-10-08 Nicole Casperson Home / Featured / First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles October 8, 2017 996 Views last_img read more


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first_img Tagged with: COVID-19 Daryl Fairweather Nisa Sheikh pandemic Redfin Servicers Navigate the Post-Pandemic World 2 days ago Previous: Strategic Opportunity Zone Investment Next: HUD Allocates $5B to Create Affordable Housing Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago COVID-19 Daryl Fairweather Nisa Sheikh pandemic Redfin 2021-04-08 Eric C. Peck Share 2Save Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.  Print This Post Related Articles About Author: Eric C. Peck Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Journal, News April 8, 2021 1,447 Views Home / Daily Dose / Remote Workers Push for Second Homes The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Despite the nationwide rollout of COVID-19 vaccinations and a return to life as once was normal, pandemic-driven demand for second homes is soaring, as many remote workers are opting to spend at least part of their time in vacation destinations, even as some companies are planning for workers to return to the office. According to Redfin, the number of home buyers who locked in mortgage rates for second homes shot up a record 128% year-over-year in March, marking the 10th consecutive month of 80%-plus annual growth.When compared to the start of the pandemic in the U.S., the annual rise in the demand for second homes is nearly quadruple the 34% year-over-year gain for primary homes.”This recession has driven wealthy and low-income Americans further and further apart, and the soaring demand for vacation homes during the pandemic is a perfect example of their unequal financial footing, with some people buying second homes and others unable to buy their first,” said Redfin Chief Economist Daryl Fairweather. “Home prices just keep going up. That’s a good thing for Americans who already own one home because they can take advantage of their increased equity to buy other assets, which in some cases includes another home. But it’s bad for lower- and middle-class families, particularly those who are renters, because the barrier to homeownership is getting higher and higher.”Interest in vacation homes is on the rise as uneven financial recovery is taking place throughout the U.S.“Wealthy Americans are likely to have held onto their jobs—many with the freedom to work remotely—and they’re earning money through a robust stock market and rising real-estate values,” said the report. “But people in lower income brackets are more likely to work in industries like restaurants, retail and hospitality that are still far from recovered.”Home prices in seasonal towns, where second homes are often located, are up more than prices in non-seasonal towns. The median sale price for homes in seasonal towns rose 19% year over year in February—the most recent month for which data is available—to $417,000, the eighth straight month of 10%-plus year-over-year growth.For homes in non-seasonal towns, the median sale price rose 16% to $370,000. For this analysis, a seasonal town is defined as an area where more than 30% of housing is used for seasonal or recreational purposes.A recent Redfin analysis found that the vacation towns and suburbs heating up the most include El Dorado County, Calif.—an area that spans from the eastern outskirts of Sacramento to the southern part of Lake Tahoe; Santa Cruz County, Calif.—an area in close proximity to both Silicon Valley and San Francisco; Deschutes County, Ore.—home to Bend, Ore.; and Barnstable County, Mass.—home to Cape Cod.”The Palm Springs housing market is incredibly busy, with an influx of vacation-home buyers from Los Angeles and San Francisco,” said Redfin Agent Nisa Sheikh. “Many of them are tech workers who can do their jobs remotely, and they enjoy the weather and lifestyle here in the desert. People don’t want to vacation in a hotel room right now, and many of my buyers are planning to turn their second homes into Airbnb rentals and earn some extra income when they’re not in town.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Remote Workers Push for Second Homes Subscribelast_img read more


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first_img Pinterest Hundreds of extra student places confirmed for Magee Campus WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Twitter WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ By News Highland – November 12, 2012 NPHET ‘positive’ on easing restrictions – Donnelly News Google+ Previous articlePublic consultation workshop to discuss future of Donegal policingNext articleThree council projects commended at Excellence Awards News Highland Twitter It has been confirmed this morning that The Magee Campus of the University of Ulster is in line to get hundreds of extra student places.Britain’s Minister for Employment and Learning, Stephen Farry, said the greater share of the extra places allocated to the University of Ulster will go to the Derry campus.They will be in the STEM subjects of science, technology, engineering and maths but a precise figure at the moment.SDLP Foyle MP Mark Durkan has welcomed the news, but questions why some new places will go to Belfast even though Queen’s never even asked for them while Derry sought a thousand:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/markd1pmMAGEE.mp3[/podcast]last_img read more


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first_imgJoining ForcesOn 1 Jun 2001 in Personnel Today Comments are closed. Previous Article Next Article Related posts:No related photos. Themain problems in any big merger are how to keep morale high and key players onboard at a time of maximum insecurity. Three global HR directors with a wealthof experience in this field, share their knowledge MikeMoore, senior vice president, HR operations at GlaxoSmithKline, talksabout the challenges faced in keeping employees happy and profits buoyant whenthere is a long lead-in time to the mergerTenyears ago, in March 1991, I presented a paper called “Managing when yourmerger is announced” to a pharmaceuticals conference in Berlin. Many booksand articles had been written about managing the integration following amerger, but not about coping during that period of time between mediaannouncement of the intent to merge and the first day of trading of the newentity. This was my focus, the industrial equivalent of the early days of WorldWar II – the so-called “phoney war” – a time when seemingly not muchcan be done except watch the dark clouds of merger madness gather on the horizon.WhatI didn’t know back then was how much longer this in-between period was going toget over the next few years. When SmithKline merged with Beecham, which was thecase study I presented, it took a little over 16 weeks to gain regulatory andshareholder approval. This was considered a normal timescale. Recent experiencein many fields, such as media and telecommunications as well aspharmaceuticals, has restated the norm.InJanuary 2000, when GlaxoWellcome (GW) and SmithKline Beecham (SB) announced theirmerger plans, the expectation was that by the summer we would be done. In fact,European regulatory approval was given on 8 May and by 31 July, shareholders ofboth companies had voted to approve the merger. What hadn’t been anticipatedwas that it would take the anti-trust authorities in the US until December togive the go ahead. GSK shares began trading on 27 December – 349 days after theinitial announcement.Thechallenges of a delay are obvious and huge. First, there is no absolutecertainty that the merger will actually go through until very near the end ofthe regulatory process. One forced disposal of a product can change the deal toan extent not acceptable to one or both of the parties. Second, even if theassumption is made that merger approval will be forthcoming, there are severelegal no-go areas that impact on the integration planning process. As aconsequence, the third and biggest challenge is how to maintain morale andbusiness momentum. These became the two critical issues.Businessmomentum in both SB and GW was maintained. This is a fact. Both companiesreported earnings well within the range of City and street expectations. Howwas this achieved? By refocusing business leaders on the achievement ofbudgeted targets. This is when the investment in a pay-for-performance culturepays dividends – literally. The achievement of stretch goals quarter-by-quarterled to higher-than-usual bonus payouts in many of our businesses. The messagewas clear – to miss budget would be even more unacceptable than normal.Moraleis more difficult to define, manage and measure. In times of uncertainty,people lose commitment – their thoughts turn inwards. “Me” becomesthe focus – pay, security and career. They start focusing on their own agenda –all the things headhunters feed on. Managing uncertainty is of course always achallenge, but particularly so when most of the big questions like “Willthe merger happen?” and “Will there be a place for me?” can onlybe met by “Wait and see”.Thefact that our business results were good must give some indication that moralewas maintained. Very few key talents defected, yet another sign. It would benaive to suggest that everyone was comfortable with the situation but I’ve seenlower morale on a rainy Monday morning. I believe three things contributed tothis.Firstwas the saturation of the two companies with updates about the integration planand our progress against it (towards this goal) as well as “getting toknow you” information. Communicate, communicate, communicate. Second, adecision was made to start integration planning early. An overall IntegrationPlanning Committee was set up by mid-February. By March, many integration teamshad been set up in businesses and functions involving several hundred people.Not only did this enable us to hit the road running when the merger waseventually approved, but it had the benefit of focusing the energies and mindsof our key talent on the future of the new business. Third,we started the selection process for the top 120 or so jobs. The risks ofstarting early are obvious. People who are deselected are nevertheless requiredto stay in position until the merger is completed, which in this case wasseveral months later. Not only this, but the expectation was that they wouldremain effective contributors. Impossible? No! I’m always surprised how mostpeople in this situation act with absolute professionalism – it helps ofcourse, if the company reciprocates by treating them with the flexibility and dignitythey deserve. Arguably,an even greater risk is posed by appointing people early. They can easily losefocus on their current job while, at the same time, becoming increasinglyfrustrated because they can’t start their new one. The clear benefit of makingappointments early is that key talent, who are susceptible to poaching, can bereassured, and become focused on and committed to the future. In my judgement,this benefit far outweighs the risks. Wewere determined that the selection process had to be absolutely fair, equitableand objective. From the point of view of developing a new culture, there is nogreater indicator of what sort of company it will be than the process of howthe new company selects and deselects its people. With this in mind, we choseto use a third party, Spencer Stuart, to provide an impartial objective inputto the selection decision-making process. By the time the merger was finalised,over 600 leaders had been selected, ready, willing and able to drive thebusiness from day one. The overwhelming opinion was that the process had indeedbeen balanced and fair – even by those who left the company.Timewill tell how well we managed a challenging 2000. Early indications are good.One side effect of the delay and all of the frustrations of last year has beena bursting of pent-up energy this year to get on and move the new businessforward to become the indisputable leader in our industry.Continualtwo-way communication is at the heart of any successful merger, says LanceJ Richards, Teleglobe’s international director of HR Mergerand alliance work is challenging no matter where you sit in the organisation.From the HR chair, though, the impact on the employee population has to betightly managed. Having worked through HR issues in mergers or alliances at BT(with MCI), at GTE (with Bell Atlantic) and now with Teleglobe (and BCE), I’vehad a terrific opportunity to see some very large deals work through. AtBT, we entered into an alliance with MCI to form Concert, a globe-spanningentity delivering a wide array of telecoms products and services tomultinationals. At GTE, our merger with Bell Atlantic to create Verizon wasdesigned to build on the tremendous geographic achievements both companies hadattained, as well as the technological excellence each had developed separately.Inboth of these projects, ensuring that employees knew what was going on, who wasin charge and where it was leading to was at the forefront of HR initiatives.In these situations, there are some vital lessons which I’ve learned, and whichare leading agenda items for me:  –The CEO must be visible to the employees and interact with them.–The company must communicate – clearly, constantly and quickly.–The dialogue must be two-way. Employees must have a way to feed questions andconcerns back to the business and people in charge, then get answers.Inmany mergers and alliances, the corporate heads roll out a well-crafted visionof the new entity, and how it will lead its market, leap ahead of competitorsand so on. For the average employee, it’s like listening to the adults in aCharlie Brown cartoon – they hear nothing except what they want to hear – andall they want to hear about is the future of their own job. InM&A activity, where the intellectual capital that resides in the employeesis often of overriding concern, it is important that, at the end of the day,companies remember that all their employees are concerned about is making thenext car payment or paying the next quarter’s tuition for their child. The onlyreal solution here is communication.Therecent BCE acquisition of Teleglobe was pretty much a case study in how tomanage employee expectations with professionalism and candour. Simultaneouslywith the after-market-hours announcement to the public, all employees receivedan e-mail with a link to a pre-recorded streaming video, with messages fromboth the chairman of Teleglobe and chairman of BCE. They clearly outlined thereasons for the acquisition, as well as the benefits, and then committed tomaintain clear communications throughout the process.AQ&A board came up on our intranet, accessible in all 43 countries where wehave employees, with most questions answered within five business days. Withina month, BCE had appointed a new CEO. Within a week of his arrival he held thefirst of several meetings with employees. Initially he made presentations inperson in our primary employment cities, then changed to a live, multi-countrybroadcast format, followed by conference calls for outlying countries.Simultaneously, he launched a series of breakfast and lunch meetings with 15 to20 employees, which are still ongoing wherever his travels take him. Thus, hewon many points with employees for his candour and style. The key here was thatwe immediately opened a variety of one- and two-way communication venues forour employees, and ensured there was a steady flow of information to our people.CapGemini Ernst & Young’s global people resources management director CarolynNimmy describes a three-way merger which led to one giant company with60,000 staff worldwideLastyear the Cap Gemini Group embarked on an enormous challenge – the acquisitionof the consulting arm of Ernst & Young. This acquisition brought with it18,000 new colleagues. It required the group to bring together not just Ernst& Young Consulting but also Gemini Consulting and Cap Gemini IT servicesfrom within the Cap Gemini Group.Wetook the three global companies – each with strong brand recognition andleadership positions in their given areas of expertise – and merged them toform Cap Gemini Ernst & Young. The three companies brought togetherstrategic consulting capability, management consulting capability and strong ITconsulting skills to create one company of nearly 60,000 people. The HRchallenge was to bring these three companies together to form one cohesive unitand yet recognise the differences of the talented individuals. All this at atime when all these individuals had countless employment options in a thrivingmarketplace. Themerger established a broader client base and a richer talent pool for CapGemini Ernst & Young. We realised there was a vital need for our employeesto get excited about the new company while remaining on a clear path to success– despite the fact that our new organisational structure and dimensions werestill being defined. Inresponse to these needs, we developed and launched an innovative strategycalled “Professions” – an approach that orchestrated individuals’professional development. Professions are not organisational structures, rathervirtual teams that unite those individuals who have similar skills, interestsand aspirations. Each team recognised as a “Profession” iscollectively responsible for each member’s individual development and growth aswell as the evolution of the group as a whole. This growth and development issupported by training, mentorship, competency models and career guidance, aswell as direct involvement with the company over profession recruiting,resource planning, communications and knowledge management issues. Thisapproach is rare, if not unique, for a company of our size, but Cap GeminiErnst & Young’s leaders decided early on that it needed to reinforce thecompany’s people-centricity, with long-term professional growth as a corefocus. There are six professions – strategic consulting, business consulting,technology consulting, business development, operate and the enablingprofession. The Professions’ communities also provide thought leadership to theindustry and enable their members to acquire leading-edge business andtechnology skills. We believe the focus Professions bring helps membersdiscover and use tools that continually put them ahead of their peers at othercompanies. This helps our professionals quickly become industry gurus andthought leaders who can enjoy the personal and professional benefits thisaffords.Thecompany benefits by having access to focused professional groups that driveforward innovation and benefit our clients in the long run. Teams, clients,technologies and organisational structures will change many times, butProfessions ensure our people have a consistent peer group which helps them seegreater opportunities for their future with our company or their career pathsin this industry.Thesuccess of the Professions was tested through our International Focus Groupprogramme, an initiative aimed at gaining a comprehensive understanding for theglobal concerns and views of our new company as a whole. The programme, whichis comprised of physical events as well as virtual “temperature check”surveys and communication tools, measures the current “human state”of Cap Gemini Ernst & Young. These results are continually assessed androlled into all Cap Gemini Ernst & Young’s learning efforts.Sincethe merger, Cap Gemini Ernst & Young has promoted the growth and long-termsuccess of its staff. The Professions model has provided a means to bringpeople together, regardless of the company or country they come from. It hasalso significantly strengthened our recruitment efforts, helping build a reputationas the employer of choice – a people-centric company that has gainedrecognition as one the world’s top services organisations.last_img read more


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