"Investment Banking is 10% Financial Analysis and 90% Psycho-analysis" – André Meyer  This blog is about the "other 90%"…

Fix to Sell, or Sell to Fix?

It’s no smooth sailing to manage the integration of a listed or private equity owned company.  Upon the closing of the deal, the buyer’s management consultants will present a shopping list of transition tasks to the business unit manager. It is called the 100 day plan and can be summed up as “Do everything differently […]

U Live 4 today, I worry ’bout 2morrow

Few people can handle uncertainty. For most it is a paralyzing distraction.  After mergers, much value is lost when people worry about staying employed instead of staying busy.  The fear of uncertainty, prompt mobile staff to jump employers, rather than risk having to look for a job if things don’t work out.  Market or business […]

Spend a Fortune on Nothing

Many an acquirer’s nightmare:  Buy a company to make money on synergies… and end up with a failing business that goes nowhere… Remember HP’s acquisition of Autonomy in 2011 for 11 billion dollars?  -Yes, they wrote off almost 9 billion of the purchase price late last year.  It surely can’t have been the market slipping […]