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Searle's pipeline is full of new products, but the firm lacks the sales push to launch many blockbuster drugs on to the market.
He roundly rejected the idea that his firm lacks Arcelor's "European" values: "We are European," he insists, pointing to Mittal Steel's London headquarters and Rotterdam tax registration.
Xstrata's founding 35% shareholder Glencore, a privately held trading firm, lacks the cash to take part in the $5.9 billion rights issue.
In Sweden private equity often steps in when a family firm lacks the ambition or capital to expand, said Mats Odell, the Swedish financial-markets minister, recently.
Regardless of the investment strategy, Mr. Metzger said, "if the firm lacks sound risk management, best valuation practices and top-notch operational controls, it is a candidate for failure".
DoCoMo's international chief, Tsujimura, admits that, for now, his firm lacks the experience to do anything more than settle for minority stakes.
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To say that the merged firm lacked a cohesive culture was an understatement.
If it does, it will not be because the firm lacked the opportunity to make its case.
Shares in A.I.G. tumbled more than 60percentt on Monday morning as investors grew concerned that the firm lacked capital to withstand cuts to its debt rating.
The panel, however, did conclude that the firm lacked the proper controls to ensure that clients could properly give their consent for trades.
What used to be a family-run firm, lacking a formal reporting chain, has become more professional, says Claire Enders, a media analyst.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com