NEW YORK—MCI-WorldCom and Bank One-Chase Manhattan merged in a blockbuster $112 billion deal Monday, forming the world’s largest telecommunications/banking company and reducing the number of existing corporations to six.

According to Forbes managing editor Russell Belanger, at the current rate of mergers, there will be only one corporation in the world by 2000.

Not far off.

  • Blackmist@feddit.ukEnglish
    3·
    2 months ago

    The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that… perfect world… in which there’s no war or famine, oppression or brutality. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock. All necessities provided, all anxieties tranquilized, all boredom amused.