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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1498 |
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Despite many empirical academic studies showing that less than half of all acquisitions deliver the sought-after or promised returns, this tendency shows little sign of abating. High achievers, such as top executives, are particularly ambitious and eager for more power and wealth. CEO's have every incentive to grow their companies...
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High achievers, such as top executives, are particularly ambitious and eager for more power and wealth. CEO's have every incentive to grow their companies. Since the quickest way to grow a company is often by acquisition, the greed CEO's needed little encouragement to embark on a spending spree. Very often, the desired synergies are ephemeral, and the integration costs far exceed the anticipated benefits...
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General points of the essay
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