Why mergers and acquisitions don’t work

Points out the dangers of growing a business through mergers and acquisitions (M&A). It is expensive, inefficient and rewards the chief executive’s ego rather than the shareholders.

Why Mergers and Acquisitions Don't Work

John Ward

Look at the business pages of the national press these days, and every week you'll see at least one CEO or finance director 'under City pressure' because of an acquisition or merger that has produced higher...