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As chief of international mergers and acquisitions for Lazard, Weiss orchestrated what are delicately known as "corporate inversions," in which a domestic corporation moves its nominal headquarters offshore, to avoid its U.S. taxes.
In a typical setup, the Texas corporation moves its assets into Delaware subsidiaries and then sets up an LLP between the corporation and the subsidiaries.
But even the non-union salaries there eventually don't compete with the submerged wage rates in Mexico, so the corporation moves the factory across the border.
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Though the corporation moved its headquarters to Amsterdam in the late 1990s, the city remained important to Philips as a centre of technology, with research and development laboratories.
James's sister, Elisabeth, left the family's business empire to pursue a successful career in TV production, although she may return: in January, News Corporation moved to buy her company, Shine.
And with the corporation moving to share its technology and resources – from local TV studios to the iPlayer – with the commercial sector, it is likely to become a hub around which much of the future broadcasting world will develop.
Channel 4 chairman Lord Burns has said the BBC should encrypt the iPlayer to ensure that it could only be used by licence fee payers as a first step towards the corporation moving toward a subscription model.
Back in July 2014, Terry Burns, then chair of Channel 4, accused the BBC of being "wedded to the licence fee" when he said it should encrypt the iPlayer as a first step towards the corporation moving toward a subscription model.
The Cendant Corporation moved closer yesterday to a deal to buy Galileo International, an electronic travel reservation business, for about $3 billion in cash and stock, executives close to the talks said.
The Smith Corona Corporation, moving to regain its financial footing, has hired Deloitte & Touche L.L.P. to advise it on options ranging from raising more money to selling the business.
And Celgene Corporation (moving up to #12 this year after placing #17 in 2013 and #15 in 2014) leapt ahead of other mid-sized biopharma peers, Biogen (#18) and Gilead (#19).
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