Your restatement of your problem makes is sound more and more like a
multiple items per condition issue - i.e. for each corporation a varying
number of objectives.

Mailmerge in Word does not have the ability to handle this situation and
while the information in the article on fellow MVP Cindy Meister's web site
to which I referred you in your earlier post might not be directly
applicable to your situation, to do this in Word, you are going to need
something equivalent to that to achieve your required result.

You may be able to find the assistance that seek by looking at some of links
at

http://www.google.com/search?sourceid=navclient&ie=UTF-8&oe=UTF-8&q=Powerbuilder
+newsgroups