Building from scratch a marketing services giant by acquisition: case study and interview with Sir Martin Sorrell, Chief Executive of WPP

Purpose – Mergers and acquisitions are among the most intensely used strategic decisions. Yet research by both academics and consulting groups suggests that many mergers and acquisitions fail to add value. On the other hand there are many companies that successfully use mergers and acquisition to grow and add shareholder value. One such company is WPP. The aim of this paper is to explore why WPP has been successful in its acquisition strategy while so many other companies fail. Design/methodology/approach – The paper draws on documentary evidence and a semi-structured interview with Sir Martin Sorrell – Chief Executive and founder of WPP. Research limitations/implications – The case study offers a unique insight into thinking of a successful acquirer and sheds light on how mergers and acquisitions are managed by WPP. However, because of its design the findings are not generalisable. Originality/value – This case study sheds light on how mergers and acquisitions can be used to create a £9 billion company from a standing start. Furthermore, very few case studies offer insight into the thinking of entrepreneurial Chief Executives who established the business, grew it to become the largest and most profitable marketing services company in the world and engineered close to 300 acquisitions.

Stephen Martin Leake: a Victorian's view of the Common Law

This article considers the life and work of Stephen Martin Leake and seeks to locate his work within the wider context of the procedural and substantive transformation of the mid-to-late Victorian legal world. In particular, the article attempts to rescue Leake from obscurity and emphasise his importance in this process. It is argued that Leake’s work began the process whereby common lawyers conceived of their law as organised in a principled rather than procedural manner. Later common law jurists built upon this work. Consideration is also given to the philosophical and jurisprudential sources upon which Leake drew in constructing his treatises.

Extreme bounds of democracy

What determines the emergence and survival of democracy? The authors apply extreme bounds analysis to test the robustness of fifty-nine factors proposed in the literature, evaluating over three million regressions with data from 165 countries from 1976 to 2002. The most robust determinants of the transition to democracy are gross domestic product (GDP) growth (a negative effect), past transitions (a positive effect), and Organisation for Economic Co-operation and Development membership (a positive effect). There is some evidence that fuel exporters and Muslim countries are less likely to see democracy emerge, although the latter finding is driven entirely by oil-producing Muslim countries. Regarding the survival of democracy, the most robust determinants are GDP per capita (a positive effect) and past transitions (a negative effect). There is some evidence that having a former military leader as the chief executive has a negative effect, while having other democracies as neighbors has a reinforcing effect.

Taxonomic review of Haliclystus antarcticus Pfeffer, 1889 (Stauromedusae, Staurozoa, Cnidaria), with remarks on the genus Haliclystus Clark, 1863

Difficulties concerning the taxonomy of stauromedusae are long known, and there is a clear need for taxonomic revision of the genus Haliclystus, as well as the reevaluation of some species. Haliclystus antarcticus Pfeffer, 1889 is recorded from Admiralty Bay, King George Island, Antarctic Peninsula. Due to the lack of detailed information on this species, we provide a redescription, presenting new data on the cnidome, morphometry, geographical distribution and intraspecific variation. Based on these characters, we propose that our specimens and Haliclystus auricula from Chile and Argentina are synonymous and should be classified as H. antarcticus. We also review the worldwide distribution of the genus Haliclystus Clark, 1863 and discuss taxonomic issues, concluding that some characters traditionally used in the taxonomy of the group should be used cautiously.

A new species of Potamotrygonocestus Brooks & Thorson, 1976 (Eucestoda : Tetraphyllidea) from Plesiotrygon iwamae Rosa, Castello & Thorson (Mylliobatoidea : Potamotrygonidae) and a redescription of Potamotrygonocestus chaoi Marques, Brooks & Araujo, 2003

Potamotrygonocestus Brooks & Thorson, 1976 is currently represented by six recognised species of tetraphyllidean cestodes inhabiting Neotropical freshwater stingrays. Potamotrygonid stingrays examined to date have included only a single specimen of Plesiotrygon iwamae. Only one species of tetraphyllidean, Potamotrygonocestus chaoi Marques, Brooks & Araujo, 2003, has been described from this host, and this description was based on limited material. New efforts to document the diversity in this host species resulted in the collection of eight additional specimens of P. iwamae, one of these from the upper Rio Solimoes, at Sao Paulo de Olivenca Amazonas during September, 2003, and seven from the Baia do Marajo, Para, during November, 2003. The specimen from the upper Solimoees was found to be infected with P. chaoi. Voucher material from this stingray was used for the redescription of this cestode, which is characterized by strobila 8.78-22.83 mm long and a great number of proglottides, 58-93; the new material provided strobilar length and proglottis counts for complete worms. Potamotrygonocestus marajoara n. sp. is the second species of this genus reported from Plesiotrygon iwamae, although it appears to be restricted to the lower Amazon. This new species resembles P. chaoi in possessing filitriches and blade-like spinitriches on the scolex, cephalic peduncle and cirrus, but differs from other species of the genus in the number of testes, which is 44 on average per proglottis, and by having apical sucker measuring 95-175 mu m in length. Additional data on the distribution and morphology of the microtriches and a detailed description of the female reproductive system are also provided in this study.

Maktens ideologier och språk i svenska skolors värdegrunder : - Från Martin Luther till lokala likabehandlingsplaner

Syftet med studien Maktens ideologier och språk i svenska skolors värdegrunder är att systematiskt analysera innehållet i skriftliga dokument som kan sägas utgöra eller har utgjort värdegrunder för allmänna svenska skolor. Resultaten visar att det finns en relativt tydlig koppling mellan den rådande maktordningen i samhället och den värdegrund som råder i allmänna svenska skolor. Detta tycks gälla oavsett historisk epok och oavsett vilka ideologier - religiösa eller politiska - de dominerande maktgrupperna förespråkar. Allmänna skolor kan således i hög grad ses som redskap för att reproducera, återskapa, makten hos för tillfället dominerande samhällsgrupper och för att styra eleverna, samhällsmedborgarna, i önskvärd riktning.

Die bibelübersetzung Martin Luthers : eine soziolinguistische analyse der absicht, der methode und der auswirkung

Brundin (2004, S. 63) sagt, dass sich die Reformation „um einen Kampf handelte, der Auswirkungen auf die ganze gesellschaftliche Struktur hatte.“ Das Ziel dieser Arbeit ist die Absichten hinter, die linguistischen Methoden und die sozialen Auswirkungen der Bibelübersetzung Luthers festzustellen, und dadurch die Aussage Brundins zu bestätigen bzw. widerlegen. Es wurde gefunden, dass Martin Luther die Bibelübersetzung und die Reformation in enger Zusammenarbeit mit seinen Kollegen an der Leucorea Universität und unter Führung des sächsischen Kurfürsten, Friedrich III., durchgeführt hat. Dabei haben die verwendeten linguistischen Methoden eine Schlüsselrolle gespielt, und viele heute bekannten wissenschaftlichen Theorien sind praktisch umgesetzt worden. Dazu gehören die Sapir-Whorf-Hypothese, die Defizit- bzw. die Differenzhypothese und die Diskurstheorie. Die Reformation hat eine gewaltige Machtverschiebung zur Folge, wo der Klerus dem Adel viele Rechte abgeben müsste, und die neu erzeugte Sprache der Lutherbibel hat zu einer deutschen Einheitssprache und die Erstehung eines deutschen Nationalstaates geführt. Als Schlussergebnis kann die Aussage Brundins klar bestätigt werden.

Las relaciones entre Chile y Suecia durante el primer gobierno de Olof Palme, 1969-1976

Durante el primer gobierno del socialdemócrata Olof Palme, las relaciones bilaterales entre Chile y Suecia fueron las más intensas de toda su historia, tanto en cercanía como en conflictividad. La razón la encontramos en los distintos fenómenos políticos que vivió Chile en ese periodo, puesto que Palme coincidió temporalmente con tres gobiernos claramente diferenciados: la Democracia Cristiana, la Unidad Popular y el Régimen Militar. Si las relaciones sueco-chilenas tuvieron su mejor momento durante el mandato de Salvador Allende, el golpe de Estado significó todo lo contrario. El compromiso que tuvo el embajador de Suecia, Harald Edelstam, por quienes eran perseguidos en Chile le llevó a su expulsión, lo que se tradujo en un claro deterioro de las relaciones y el inicio de una nueva etapa marcada por el gran contingente de exiliados que comenzaron a llegar a Suecia. Este trabajo analiza los principales acontecimientos diplomáticos ocurridos entre Chile y Suecia así como las consecuencias que tuvieron durante el gobierno de Olof Palme.

Heidegger and the Japanese connection

This collection of new essays on phenomenological themes reviews aspects of the philosophical movement which began with the publication in 1900-01 of Edmund Husserl's path-breaking Logical Investigations. A broad survey of phenomenology is particularly timely given that this philosophical movement is reaching a hundred years of its existence. The thirteen contributions represent a wide range of approaches and interests within the phenomenological framework. Some present approaches to Husserl, while others explore aspects of the fundamental texts of phenomenology and provide critical discussions of later thinkers such as Heidegger, Sartre, and Derrida whose relation to Husserl receives particular attention. The final section relates phenomenology to other disciplines and to broader issues in social thought and cultural studies. This book will enable students and professional philosophers alike to explore the various strands of this widely influential school of thought.

Look down, look up : Barbara Bolt's art beyond representation

I review the thinking of Barbara Bolt in her recent book, which is informed by Martin Heidegger’s theory of art. Bolt argues that it is in the flux of art practice, where the artist responds bodily, with hands and eyes, to the encounter with the materials of practice, that visual art produces real material effects. That is, through the praxical encounter, art does not merely represent, it performs radically. Bolt thus argues for a materialist ontology of the work of visual art. I examine what Bolt means by ‘real material effects’ and ‘radical performativity’.

In developing my own project on the poetic response to visual art, particularly portraiture, I have freely adapted Heidegger’s theory of art to propose that the poet responds to the visual encounter in a manner similar to that of Heidegger’s preserver, by restraining usual knowing and looking. In this way the poet facilitates the emergence from the work of visual art of truth about being and earth, as defined by Heidegger. In my forthcoming article ‘Ekphrasis and illumination of painting’, I argue that the poet, like the artist, restrains seeing-as and operates in a mode approximating mere seeing, as these terms are defined by Heidegger and Wittgenstein.

In the present article I propose to examine the role of looking down and looking up in non-representational art, and in particular Bolt’s ‘oil stain paintings’ exhibited in the Forty-five Downstairs gallery in Melbourne in conjunction with the launch of her book.

I propose to expose some blind spots in the thinking which underpins theories derived from Heidegger. I will examine the way ‘representation’ has been constructed in twentieth-century thought, and will argue that Heideggerian truth and Bolt’s ‘real material effects’ result from the privileging of perception over knowledge. I will examine, with particular reference to portraiture, Bolt’s assertion that the referent can be rehabilitated in Western thought and traced in ‘real material effects’. I will argue that ‘representation’ is an unstable process occurring within and outside signification, and that this very instability enables us to confidently predict that all art produces ‘real material effects’, or in other words, Heideggerian truth.

Grotesque in Dickens

Dickens's use of the grotesque in his novels undergoes a variety of changes. For convenience sake, and to better illustrate the developments of the grotesque, I divide the novels into three separate groups. The first group, the period of experiment, included the novels from Pickwick Papers through Barnaby Rudge; the second group, the period of transition, includes the novels from Martin Chuzzlewit through David Copperfield; and the third, the period of a new vision. included the novels from Bleak House through Edwin Drood. Basically, I see the development of the grotesque involving a change in Dickens's conceptions of society, as well as responding to complex changes in society itself; Dickens's vision loses much of its humor in the end, yet it also reflects a definite maturity.