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36. Re: Out of the Blue Nov 29, 2012, 15:37 Beamer
Cutter wrote on Nov 29, 2012, 15:16:
Beamer, you're entirely wrong. You don't know near as much about business as you pretend to, so please, just stop, it's embarrassing for you and irritating for us.

What am I wrong about?
Am I wrong that, when one company is buying another, they demand access to the people that ran that company?
No. No I'm not.

Am I wrong that union bosses are sometimes corrupt?
No. No I'm not.

Am I wrong that unions sometimes make decisions that are against their best interest?
No. No I'm not.

Am I wrong that management seriously screwed this company over, and that the company was experiencing significantly declining sales?
No. No I'm not.

What you're wrong about:
1) That unions are never, ever wrong. Seriously, any time you say "never, ever" you're probably wrong
2) That management isn't key to the sale of a company. They're extremely important. Again, I can't stress enough that I'm in the middle of an M&A project as we speak. I've done 3 in the past 2 years. The buyer wants as much access to people as it does to numbers
3) That these managers would flee as quickly as possible if they didn't have a monetary incentive to stay. While at least some, if not all, of them are absolute asses that have made too much money off this company, that's a sunk cost. At this point you look at what is in the best interest of the company between now and the sale, and that's keeping these guys around to keep that sale price as high as possible

Please, tell me what's wrong here. You really seem to misjudge how important the managers of a company are to making sure a sale goes through, goes through smoothly, and goes through at a high price.
Music for the discerning:
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