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Businesses combine to survive then split to survive. Seems like a scam being run by lawyers and financial people to skim $$. This isn’t really a joke, unfortun
by jleyank 4y ago
Businesses combine to survive then split to survive. Seems like a scam being run by lawyers and financial people to skim $$. This isn’t really a joke, unfortunately.
That and management ego boosting.
- imglorp 4y agoYes and IPOs too. Look at the SPAC mess recently: they skipped the part where anyone benefits and went straight to cash.
- MrBuddyCasino 4y agoThis but also: big players swallow smaller players until only big players are left due to "eat or be eaten" dynamics. Management wants to save their asses. Then when there is no threatening bigger fish anymore, management is incentivised to make a mark some other way, and thus they start to battle inefficiencies which have inevitably built up and split the company.