Download or read book The Merger Mystery written by Geoff Meeks and published by Open Book Publishers. This book was released on 2022-06-23 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. As consultancy McKinsey have put it, ‘Anyone who has researched merger success rates knows that roughly 70% fail’. Yet—mysteriously—M&A activity has boomed across the globe, with a forty-fold increase in deals done each year now compared with four decades ago, in spite of the adverse general evidence. How can it be that talented, energetic, highly skilled, law-abiding, income-maximising participants in the M&A market will often promote mergers that lead to no operating gains, frequently with adverse effects on the wider economy too? Drawing on findings from a wealth of statistical analyses and case evidence from many businesses, the book presents answers to this merger mystery. In a synthesis of ideas from several disciplines, solutions are detected in misaligned incentives, distorted financial engineering and information asymmetry. By revealing how weaknesses at multiple points can interact and cumulate to produce inefficient outcomes, the discussion serves as a corrective to the overwhelmingly positive tone of most commentary on M&A, whilst also advocating changes in participants’ contracts, in taxation, and in regulation which could significantly reduce the number of mergers that fail. Designed to be accessible to a wide readership, the book will be of interest to investors, to M&A practitioners and commentators, to researchers and students of economics, political economy, finance, management and accounting, and—importantly—to policy makers working in these areas.
Download or read book The Merger Mystery written by Geoffrey Meeks and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Merger Mystery written by Geoff Meeks and published by . This book was released on 2022-06-14 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. As consultancy McKinsey have put it, 'Anyone who has researched merger success rates knows that roughly 70% fail'. Yet-mysteriously-Merger and Acquisition activity has boomed across the globe, with a forty-fold increase in deals done each year now compared with four decades ago, in spite of the adverse general evidence. How can it be that talented, energetic, highly skilled, law-abiding, income-maximising participants in the M&A market will often promote mergers that lead to no operating gains, frequently with adverse effects on the wider economy too? Drawing on findings from a wealth of statistical analyses and case evidence from many businesses, the book presents answers to this merger mystery. In a synthesis of ideas from several disciplines, solutions are detected in misaligned incentives, distorted financial engineering and information asymmetry. By revealing how weaknesses at multiple points can interact and cumulate to produce inefficient outcomes, the discussion serves as a corrective to the overwhelmingly positive tone of most commentary on M&A, whilst also advocating changes in participants' contracts, in taxation, and in regulation which could significantly reduce the number of mergers that fail. Designed to be accessible to a wide readership, the book will be of interest to investors, to M&A practitioners and commentators, to researchers and students of economics, political economy, finance, management and accounting, and-importantly-to policy makers working in these areas.
Download or read book Pooling Or Purchase A Merger Mystery written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Bank of Richmond presents the full text of an article entitled "Pooling or Purchase: A Merger Mystery," by John R. Walter. The article was published in the Winter 1999 issue of "Economic Quarterly." Walter discusses the pooling and purchase accounting methods in relation to acquisitions and mergers. Reported earnings are often higher under pooling than purchase accounting.
Download or read book Right on the Money written by Emma Lathen and published by . This book was released on 1993-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wall Street banking whiz John Putnam Thatcher finds himself involved in corporate corruption and mystery involving an assistant division manager, an executive vice-president, and a corporate wife. 15,000 first printing.
Download or read book The Merger written by Ron Jones and published by WestBow Press. This book was released on 2017-12-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first Adam and the Last Adam had the same exact purposeto fill the earth with the image and likeness of God. If you want to know what the Last Adam is going to do, look at what the first Adam was supposed to do. They were two people with the same divine destiny. God did not need His image and likeness in the realm of His pre-creation existence. It was already there. He wants it in the created realm; that is why He created Adam in His image and according to His likeness in the first place. Christs sacrifice on the cross was a son-for-son exchange and redemptive reversal to restore the image, likeness, and light of God back to man in the created realm where He wants it revealed.
Download or read book The Way of the Wall Street Warrior written by Dave Liu and published by John Wiley & Sons. This book was released on 2021-11-16 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Insider's Guide to getting ahead in any highly competitive industry "Dave learned how to win in investment banking the hard way. Now he is able to share tools that make it easier for budding bankers and other professionals to succeed." —Frank Baxter, Former CEO of Jefferies and U.S. Ambassador to Uruguay "A must-read for anyone starting their career in Corporate America. Dave's book shares witty and valuable insights that would take a lifetime to learn otherwise. I highly recommend that anyone interested in advancing their career read this book." —Harry Nelis, Partner of Accel and former Goldman Sachs banker In The Way of the Wall Street Warrior, 25-year veteran investment banker and finance professional, Dave Liu, delivers a humorous and irreverent insider’s guide to thriving on Wall Street or Main Street. Liu offers hilarious and insightful advice on everything from landing an interview to self-promotion to getting paid. In this book, you’ll discover: How to get that job you always wanted Why career longevity and “success” comes from doing the least amount of work for the most pay How mastering cognitive biases and understanding human nature can help you win the rat race How to make people think you’re the smartest person in the room without actually being the smartest person in the room How to make sure you do everything in your power to get paid well (or at least not get screwed too badly) How to turn any weakness or liability into an asset to further your career
Download or read book Little Monster s Scratch and Sniff Mystery written by Mercer Mayer and published by Western Publishing Company. This book was released on 1980-11-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unravelling the Mystery of M a Integration and Divestiture Success written by Al Ansari and published by . This book was released on 2020-03-30 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating a company or offloading assets demands vision, planning, and commitment. Not only does such significant operational shift affect all groups, processes, and technologies within the buyer's and the seller's organizations, but it influences investor communities, current and future customers, and your competition. In Unraveling the Mystery of M&A Integration and Divestiture Success, Silicon Valley tech industry veteran and M&A and divestiture expert Al Ansari explains how to organize critical integration and divestiture activities for best outcomes.
Download or read book Wine and Punishment written by S. Fox and published by Kensington Publishing Corporation. This book was released on 2019 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the first in an engaging new mystery series from USA Today bestselling author Sarah Fox, the owner of a charming literary pub finds her fresh start on the rocks thanks to a case of murder." -- Publisher annotation.
Download or read book Due Diligence written by Michael A. Kahn and published by Sourcebooks, Inc.. This book was released on 2015-07-07 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Quite definitely addictive . . . a must-read, written with wit and humor and peopled with multidimensional characters. What more could a reader ask for?" —Mary Balogh, New York Times bestselling author The phone call Rachel Gold received from a nervous CPA almost seemed routine. Rosenthal wanted to meet with her to discuss something confidential about a corporate merger. Hardly an unusual request of a lawyer. But Rosenthal never made it to the meeting—and when his corpse is discovered, it was clear he had died under circumstances too bizarre to believe. Having never even met the murdered CPA, Rachel is willing to let the police try to close the case. But that all changes with the next victim—someone so dear to Rachel that the hunt for the killer becomes her personal vendetta. What lethal facts did the slain accountant find buried in the books of Armstrong Bioproducts while doing the pre-merger due diligence? Was there any connection between that pharmaceutical company and the presidential campaign of Rachel's political hero, Dr. Douglas Armstrong? Armstrong, the founder of Armstrong Bioproducts, is now the junior senator from Missouri. And what was the significance, if any, of the yellowed typewritten lists of names of residents of two St. Louis nursing homes that had gone out of business decades earlier? Teaming up again with her best friend, Benny Goldberg, Rachel seeks her own measure of vengeance. As other corpses show up, her pursuit will take her from the upper strata of St. Louis society to the elaborate network of limestone caves far beneath the streets of St. Louis, where the answers to the mystery—along with the murderers themselves—await her arrival.
Download or read book Merger Masters written by Kate Welling and published by Columbia University Press. This book was released on 2018-11-06 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merger Masters presents revealing profiles of monumentally successful merger investors based on exclusive interviews with some of the greatest minds to practice the art of arbitrage. Michael Price, John Paulson, Paul Singer, and others offer practical perspectives on how their backgrounds in the risk-conscious world of merger arbitrage helped them make their biggest deals. They share their insights on the discipline that underlies their fortunes, whether they practice the “plain vanilla” strategy of announced deals, the aggressive strategy of activist investment, or any strategy in between on the risk spectrum. Merger Masters delves into the human side of risk arbitrage, exploring how top practitioners deal with the behavioral aspects of generating consistent profits from risk arbitrage. The book also includes perspectives from the other side of the mergers and acquisitions divide in the form of interviews with a trio of iconic CEOs: Bill Stiritz, Peter McCausland, and Paul Montrone. All three took advantage of M&A opportunities to help build long-term returns but often found themselves at odds with the short-term focus of Wall Street and merger investors. Told in lively, accessible prose, with bonus facts and figures for transaction junkies, Merger Masters is an incomparable set of stories with plenty of unfiltered lessons from the best managers of our time.
Download or read book Mastering the Merger written by David Harding and published by Harvard Business Press. This book was released on 2004-11-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's corporate deal makers face a conundrum: Though 70% of major acquisitions fail, it's nearly impossible to build a world-class company without doing deals. In Mastering the Merger, David Harding and Sam Rovit argue that a laserlike focus on just four key imperatives--before executives finalize the deal--can dramatically improve the odds of M&A success. Based on more than 30 years of in-the-trenches work on thousands of deals across a range of industries--and supplemented by extensive Bain & Co. research--Harding and Rovit reveal that the best M&A performers channel their efforts into (1) targeting deals that advance the core business; (2) determining which deals to close and when to walk away; (3) identifying where to integrate--and where not to; and (4) developing contingency plans for when deals inevitably stray. Top deal makers also favor a succession of smaller deals over complex "megamergers"--and essentially institutionalize a success formula over time. Helping executives zero in on what matters most in the complex world of M&A, Mastering the Merger offers a blueprint for the decisions and strategies that will beat the odds.
Download or read book The Intimate Mystery written by Dan B. Allender and published by InterVarsity Press. This book was released on 2009-01-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dan B. Allender and Tremper Longman III have together written this brief, simple and engaging introduction to help couples build healthy and happy marriages. Following the "leave, weave and cleave" imagery of the Bible, they help couples learn how to leave their parents, weave a life together and cleave to each other.
Download or read book Mergers and Acquisitions written by Cate Doty and published by Penguin. This book was released on 2022-04-05 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compulsively readable behind-the-scenes memoir that takes readers inside the weddings section of The New York Times--the good, bad, and just plain weird--through the eyes of a young reporter just as she's falling in love herself. Growing up in the south, where tradition reigns supreme, Cate Doty thought about weddings . . . a lot. She catered for them, she attended many, she imagined her own. So, when she moved to New York City in pursuit of love--and to write for The New York Times--she finds her natural home in the wedding section, a first step to her own happily-ever-after, surely. Soon Cate is thrown into the cutthroat world of the metropolitan society pages, experiencing the lengths couples go to have their announcements accepted and the lengths the writers go in fact-checking their stories; the surprising, status-signaling details that matter most to brides and grooms; and the politics of the paper at a time of vast cultural and industry changes. Reporting weekly on couples whose relationships seem enviable--or eye-roll worthy--and dealing with WASPy grandparents and last-minute snafus, Cate is surrounded by love, or what we're told to believe is love. But when she starts to take the leap herself, she begins to ask her own questions about what it means to truly commit... Warm, witty, and keenly observed, Mergers and Acquisitions is an enthralling dive into one of society's most esteemed institutions, its creators and subjects, and a young woman's coming-of-age.
Download or read book The Merger written by Sibylle Reinsch and published by Xlibris Corporation. This book was released on 2009-01-23 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Merger: M.D.s and D.O.s in California If you are interested in the recent history of the medical professions, this book is for you. If personal narratives of historical events speak to you as a second layer of documentation, this book is for you. If you are aware that in America there exist two separate yet equal, fully licensed physicians, M.D.s and D.O.s, you might be interested in learning about their unique relationship in California. If you know little about D.O.s, this book will give you a picture of their approach to patient care and to their M.D. colleagues. The osteopathic profession in California has a unique history, as it differs dramatically from the professions history in the rest of the nation. More than 100 years ago, a small pioneering group of osteopathic physicians established in Southern California the Pacific School of Osteopathy to graduate physicians and surgeons with the ability to acquire an unlimited license. Since then, the educational, research, and regulatory arenas of osteopathy have seen in California low points of near elimination and high points of recognition. Cultures are based on firm beliefs in the truth of their understanding of the world. Often they collide with those who respect different truths. Similarly, the medical culture in California went through collisions between osteopathic and allopathic medicine, often in response to competition and antagonism. Which values and beliefs about each others profession were held so fervently in California that prompted the unique event of absorbing the osteopathic profession into allopathic mainstream medicine? This project explores the events, unique to California but with repercussions nation-wide, of a merger between osteopathic and allopathic medicine. In 1962, the relatively small medical organization of fully licensed osteopathic physicians (the California Osteopathic Organization) merged with the much larger mainstream medical profession (the California Medical Association). What were the incentives for a fully licensed parallel healthcare profession to forfeit its identity and philosophy? What key players and leaders emerged? How did the individual practicing physician think and feel about the merger? While about two thousand osteopathic physicians changed to the M.D. degree, about two hundred California D.O.s did not merge but persevered in their battle to restore the licensing power of their profession in California. What social and personal motivational sources sustained this group for over a decade? How has osteopathys unique history affected medical education and professional relations, nation-wide and internationally? Answers to these questions have emerged in historical narratives by key persons figuring in the events. Most of them have not written about their lives and their social and political surroundings at the time of the merger and its repercussions. Many never learned the long-term outcomes of their endeavors. Our multidisciplinary research team transcribed in-depth interviews to capture the thoughts and feelings among individuals who played significant roles from the 1940s to the 70s. With the approval of the Institutional Review Board of the University of California, Irvine for the protection of the participants rights, we asked a diverse group, 35 in all, of physicians, administrators, lawyers and lobbyists, to provide their historical narratives and their suggestions for future directions. Our objective has been to give an unbiased account, listening equally to representatives of allopathy, osteopathy, and politics. Inspired by Dr. Gevitz cogent academic analysis of osteopathic medicine in America, this book presents personal perceptions of events, integrated with documented descriptions, stored in archives, to facilitate the readers understanding and analysis. The work has been based on the assumption
Download or read book Bitch Slap written by Michael Craft and published by Minotaur Books. This book was released on 2005-07-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Journalist Mark Manning has been successfully running his family's newspaper, The Dumont Daily Register, for several years now, and he sits on the board of two local companies, Quatro Press and Ashton Mills. So when the respective CEOs of these companies discuss a merger, it is only natural that Manning be interested in the proceedings. What's more, Manning's lover Neil, an architect, is designing a new house for Ashton's CEO, Gillian Reece. Reece is a business friend of Manning but not a friend to many else; she is generally considered overly aggressive and fastidious. When Manning assigns Glee Savage, the newspaper's society reporter, to cover Reece's new home, the subsequent meeting between the two does not end well: Savage huffs off in a fury but not before ferociously bitch slapping Reece in front of everyone. With Reece's cheek still smarting, more bad news comes as the accountant performing due diligence for the merger reports some very questionable items regarding Ashton's books. It seems as though things couldn't go much worse for the unpleasant Reece. That is, until she is murdered. The discovery of her body is greeted with great surprise, but perhaps not much regret on the part of most who knew her. Still, with Manning's friend and employee Glee Savage as the obvious and primary suspect, he cannot resist wading in to this most unsound of business dealings.
