Chapter 9
The new owners are young, aggressive, informal, and visionary—a complete contrast to our former owners. They are also risk takers and have made large investments in our people and facilities—in contrast to our former owners, who didn’t believe in cross-fertilization at the top, middle, or lower levels of management. The new owners are quite the opposite and have good results to show for it.
—Top executive who stayed with his division after it was sold by his parent company to another firm
Categorizing Executive Turnover
There is now an abundance of evidence to show that mergers and acquisitions can be tumultuous for executives. Acquiring firms must be prepared to lose about one-quarter of the target company’s top management ...
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