so if any one needs a great graphic designer [wife]
or a decent web guy [me]
let us know
we can move...
-----Original Message-----
From: Ben Braver [mailto:[EMAIL PROTECTED]
Sent: Thursday, January 15, 2004 11:16 AM
To: CF-Community
Subject: Re:BankOne purchased by Morgan
CBS Radio this morning says 10,000 jobs will be cut in this merger.
Ouch!
-Ben
> No, it's not Morgan Stanley, it's J.P. Morgan Chase.
>
> Not to be negative, but I've been through several big corporate
> mergers and acquisitions, and one of their major goals is always
> "economies of scale"; i.e., if you have 2 people doing the same
> function at 2 companies, and can reduce that headcount, you save money.
> Cost reduction flows through straight to the bottom line.
>
> The other reason financial institutions merge these days is to be one
> of the "really big players" and compete better in the global
> marketplace. I think part of this is just ego-driven.
>
> Hope it works out.
>
> -Ben
>
>
>
> >wife just called me from work
> >she is a graphic designer at BankOne.
> >just found out that Morgan Stanley has purchased them
> >
> >she is a little worried about her job!
> >am sure it will all be good.
> >
> >just a weird week..
> >
> >
>
[Todays Threads] [This Message] [Subscription] [Fast Unsubscribe] [User Settings]
