The problem with mergers is that the estimated revenue never includes the added liabilities; the empty promises of employees who will claim they can do that person’s job then fail to prove it only after the ‘extra’ employees were let go.
StCleve72: No, stockholders don’t count any more than employees. The purpose of a multinational corporation is restraint of trade and money for the top executives (who are really employees and don’t know it). As Wall Street just proved, it doesn’t even need to produce a product or service.
Caddy57 about 10 years ago
Merger,buy out, or sell out…it’s all the same.
Boots at the Boar Premium Member about 10 years ago
But they make shareholders money and that’s all that counts anymore, so they will always be judged a good thing.
strictures about 10 years ago
That’s exactly what happens to the company that was bought out.Almost everyone is canned.
Varnes about 10 years ago
But what is that platform the hapless dudes are hanging from made of?
38lowell about 10 years ago
With artists license, aptly put!
Salinasong about 10 years ago
The ones sitting at the windows aren’t worried … they have golden parachutes, anyway.
pelican47 about 10 years ago
All those people were given the corporate promises of “Don’t worry—your job is safe!” and “We won’t be cutting back jobs.”
Reppr Premium Member about 10 years ago
That boardroom table looks too big to fail.
AKHenderson Premium Member about 10 years ago
Somebody’s cheese got moved.
ladykat about 10 years ago
They didn’t show the second part, with all the employees who lose their jobs so the shareholders and executives have more money.
androgenoide about 10 years ago
And they reduce the freedom of the market but you don’t hear free market advocates complain too loudly do you?
ishannon5289 about 10 years ago
It does seem that employees have gone from being an investment, to a resource, to a necessary evil.
mourdac Premium Member about 10 years ago
The employees are now finding out the company’s been moved to a 3rd world nation where workers can be abused and they’ve all been fired.
dabugger about 10 years ago
Who are the ghouls that do the cleanup?
Observer fo Irony about 10 years ago
The problem with mergers is that the estimated revenue never includes the added liabilities; the empty promises of employees who will claim they can do that person’s job then fail to prove it only after the ‘extra’ employees were let go.
Fido (aka Felix Rex) about 10 years ago
“And this is a decision made at {looks reverently skyward} boardroom level.” Cuthbert Rumpold
Nighthawks Premium Member about 10 years ago
ladylagomorph76 about 10 years ago
Resealable Then the company can’t be California based.
Phalange about 10 years ago
It must be just me but, that looks more like a “Post-Merger Fall out.”
hippogriff about 10 years ago
StCleve72: No, stockholders don’t count any more than employees. The purpose of a multinational corporation is restraint of trade and money for the top executives (who are really employees and don’t know it). As Wall Street just proved, it doesn’t even need to produce a product or service.
dflak about 10 years ago
You know things are tough when the CEO’s job just got outsourced to India.
sizer99 about 10 years ago
If the aftermath really was just executives being defenestrated mergers would be a much better thing.
reynard61 about 10 years ago
@ Varnes: To steal a line from Bogart, “The stuff that dreams are made of…”
hippogriff about 10 years ago
StCleve72: On the basis of “net worth”, what percentage of corporations do you really believe follow anything written down?
hippogriff about 10 years ago
Reynard61: Which was stolen from Puck’s closing soliloquy in Midsummer Night’s Dream; on instead of of.