Yep. Been there, done that. I also saw a couple of IPOs and mergers fall apart because the investment team failed to secure continued employment by key players.
On Mon, Sep 22, 2008 at 9:28 PM, Robert Munn <[EMAIL PROTECTED]> wrote: > Hands in the air, who has been through a corporate bankruptcy and > acquisition? If you have been through it, as I have, you understand a > basic rule about the process that the acquiring company follows: > figure out who the A players are and give them extra money to stick > around. If the A players get unhappy and bail, the asset your just > acquired will quickly go down the tubes. > > Note that those people are not Lehman employees, they are now Barclays > employees, and Barclays wants them to stick around. > > On Mon, Sep 22, 2008 at 6:38 PM, Gruss wrote: >> Up to 10,000 staff at the New York office of the bankrupt investment >> bank Lehman Brothers will share a bonus pool set aside for them that >> is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, >> confirmed last night. >> >> http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270493 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
