A union to dye for

Article Abstract:

Hisdustan Ciba-Geigy (HCG) has been restructured in preparation for the impending merger between Switzerland-based parent company Ciba-Geigy and its major competitor Sandoz. The $90 billion merger, scheduled to be completed by Mar. 1997, would create the world's biggest manufacturer of crop protection products and the second biggest pharmaceutical firm, next only to Glaxo Wellcome. In India, it would form the eighth biggest pharmaceutical company, improving the current rankings of both HCG (14th) and Sandoz (35th). Ciba-Geigy considers India an important market because of its huge potential, in contrast to the lack of high growth in more mature markets in Europe. India has a large population with increasing wealth and sophistication. In addition, the country offers lower research and development costs, more favorable foreign investment laws, and increasingly relaxing patent laws. Ciba plans to strengthen its presence in India even more in the coming years.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Management, Pharmaceutical industry, Mergers, acquisitions and divestments, Drugs, Company Profile, Sandoz AG, Ciba-Geigy Corp., Hindustan Ciba-Geigy

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The financial crusader

Article Abstract:

British Red Cross International Finance Mgr. Jane Wood believes that her work has real impact on society. She left her lucrative job at Arthur Andersen to join the charity in 1994 because she has grown disenchanted with the financial community, particularly with the stifling environment and with the preoccupation of everyone with how much money they were making. However, Wood stresses that her decision to join the Red Cross does not necessarily mean that she is more compassionate than the next person. While she supposes that her moral and social perspective may be different from that of the average accountant, she claims that she is doing her work primarily because she finds it interesting. Wood is far from being desk-bound despite the fact that she is involved in the financial side of the Red Cross. She has been to various places, including Uganda, Sierra Leone and a Vietnamese camp in Hong Kong.

SOCIAL SERVICES, Private Social Services, Social Assistance, Officials and employees, Interview, Wood, Jane, British Red Cross Society

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Finding common ground

Article Abstract:

The meeting of the International Accounting Standards Board (IASB) held in October 2004 in Connecticut, U.S.A. was the occasion for discussing with the US Financial Accounting Standards Board (FASB) matters connected with a number of joint IASB/FASB projects. Differences between US and international requirements need to be ironed out if IASs are to be accepted in the US.

United States, Conferences, meetings and seminars, Accounting, International Accounting Standards Board, Financial Accounting Standards Board, Accounting law

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