I was working for a great company. They had been bought by another company in the name of industry consolidation. My company was going to leave town here in California and be relocated to the other company's location in Florida. They were already staring to work out the relocation details. My job would not be relocated, there where plenty of people like me in Florida. I started looking for and found another job, not as good but not moving (I was flayed off from this company three months later during the deflation of the Dot Com bubble). Six months after that, the merger deal fell through and three years later the company is still here in town.
So, until the very last paper is signed ANYTHING may change.
--------------
Ian Skinner
Web Programmer
BloodSource
www.BloodSource.org
Sacramento, CA
-----Original Message-----
From: Paul Ihrig [mailto:[EMAIL PROTECTED]
Sent: Thursday, January 15, 2004 9:46 AM
To: CF-Community
Subject: RE: BankOne purchased by Morgan
yep..
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..
> >
> >
>
_____
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