When a company with headquarters in Fairfield, Conn., trumps an offer from a firm upstate in Hartford for a business based in Morristown, N.J., you would think all concerned could sort out their differences over a chowder dinner in New Haven. Wrong! They fly to Brussels instead and let an Italian professor of economics settle their hash.
Weird, huh? Not in the age of globalization--for that, in effect, is what the General Electric Co., United Technologies Corp. and Honeywell International Inc. have just done. Last year GE outbid UTC for Honeywell; American antitrust authorities approved the merger. But--though the game isn't...
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