US Airways CEO hints at another merger
#12
Gets Weekends Off
Joined: Apr 2006
Posts: 1,151
Likes: 0
Originally Posted by CVG767A
It'll happen if the suits and the money people can make a buck. They don't care about the practical aspects of the deal unless it affects their take.
Mergers are almost never good for the employees. They happen quite a bit here in Silicon Valley. I have a friend who works for Peoplesoft, and when Larry Ellison (Oracle) came in and took over the company, it caused tremendous stress, as well as the inevitable layoffs.I also have a couple of clients that were pilots for TWA and Reno Air, and of course now they work for American - they have absolutely nothing good to say about that! Not to mention, in spite of all of their experience, were forced from left seat to right.
#13
True- it's happening in all industries. Whenever one of these suits appears on CNBC talking about "synergies" or "efficiencies", I can only think of jobs lost and lives upended. In the end, it rarely makes for a better company or increased shareholder value; it just makes the managers and financiers money.
Thread
Thread Starter
Forum
Replies
Last Post



