Chapter 2
I can only describe the entire merging process as being full of secrets, lies, tricks, and games with little or no consideration for the very excellent management team that made this a valuable business.
They did not explore synergies or mutual growth but went straight for dominance and control. They pretty much left it up to empire-building subsidiary managers less qualified than our own managers to manage the business.We have since become politicized and bureaucratic and been sucked into their big corporate culture. Our new managers have indulged in excessive and unwise capital spending. They have made acquisitions for the sake of growth that were not strategically wise. We have lost direction and focus.Their ...
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