Fakahany, who was responsible for risk management in addition to other functions, will oversee Merrill's global support, finance and human resources functions, while Fleming will oversee the business lines, including risk management.

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From 2004 to 2007, she was in the Corporate Finance group managing global finance infrastructure and controls functions.

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These planned measures are expected to include elimination of the company's matrix organizational structure, site consolidation, transfer of activities to global delivery centers, consolidation of certain central functions, cost synergies from the integration of Motorola's wireless assets, efficiencies in service operations, and company-wide process simplification.

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All these functions of government were designed before the rise of the global economy, the information technology revolution, and the end of the Cold War.

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Our first focus will be looking at trade and exports to see how we can better reform these functions to give American companies a leg up in the global economy.

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And every corporation small and large is feeling the side effects of Global Quantitative Easing (GQE), and the near zero interest rate policy, which undermine the functions of markets as price discovery mechanisms.

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