M&A Perils: One

Bank of America has recently acquired MBNA, the credit card issuer.  As you well know, merger situations tend to create redundancies, which lead to layoffs.  One has to think, it’s the fear of such layoffs, and the potential to lose one’s job, that causes this type of sad behaviour.

Watching this, you can’t help but expect David Brent to jump in with his guitar.

 

 

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