Breaking companies into pieces and then selling them
A lot of people say IB is immoral because bankers break companies into little pieces and then sell them for parts which leads to people losing their jobs. What exactly is this aspect of IB? Is it truly evil or is it just good business?
Can be good business, can be bad business. I would go read the M&A titans to see where this is coming from. Overall I think anytime you have control over people's jobs then there is going to be a group that hates you.
Even without “breaking into pieces” there is a lot of job loss associates with M&A. If Company A buys Company B, the combined Company C only needs 1 CFO… 1 Head of Marketing… etc. Headcount reduction is one huge area to achieve cost synergies which is what makes acquisitions appealing. 1 + 1 will equal more than 2.
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