Chapter 3
The acquiring company’s post-merger strategy involved a strong effort to absorb, sublimate, and force-fit our company into their corporate mold. They significantly overpaid for our company and that led them to push excessive goals and expectations on our company to improve performance.
I promised—indeed, I owed!—my team one year for transition. Our hope for a good process, unfortunately, never came to pass. The emphasis was almost immediately on compliance and conformity. While our exceptionally strong and accomplished top management team was a major part of what was “bought,” they immediately attempted to take over and run the business—which we knew better than they did!The new owners cost themselves millions ...
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