Apropos the Lockheed Corp-Martin Marietta Corp merger of equals – which the companies say will be accounted for as a pooling of interests creating no goodwill that will needs to be written off – the New York Times points out that while Lockheed initiated the merger, and Lockheed’s chairman will be the chairman and chief executive of the new Lockheed Martin, make no mistake – Martin Marietta is taking over Lockheed because it is Lockheed shareholders who are getting the premium, and it is the Martin Marietta management that get the key jobs in the combined entity; the new company will be based at Martin Marietta’s headquarters in Bethesda, Maryland and will take over that firm’s share quotation.
