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Robert Bells 10 ordeals of a takeover

d that is who are these people who are taking over? Everyone will have that curiosity. The reasons people will wonder about the new people is because it will affect them in some way in the future. There are many things a person can do to find out about what these people are all about; (1) start your own research with a computerized library search on the new owners; (2) consider asking your boss directly about himself and his background when he comes on board; (3) don’t be taken in by all the backslapping and hoopla and the “marriage ceremony” meetings. You can’t forget that only other people’s money got married, and for now you are merely invited to the cake-cutting ceremony; (4) keep your eyes and ears open at the regional dinners for specific groups of executives. You might get useful information on what you’ll be facing and who might be helpful; (5) make an assessment on how the new bosses will run your company by finding out who was present when the deal was made and what was the agenda.The Third Ordeal: The Anglo Saxons versus the Normans, the individuals in the companies will not like each other at first or may never like each other. Every company has a way of doing something and people come to a comfort level and once that changes with a merger or a takeover, the ways things were done in the past well might not be done now. One clear example of what could happen is the travel and entertainment budget might be very different than what you were used to. Maybe the new company is a money cruncher and that means you can’t always travel in first class. Here are a few more issues that might arise; (1) the new corporate overseers may well be fast trackers making obscene amounts of money, often far more than was made by managers in the acquired company; (2) most of the new managers from corporate headquarters will be from finance and accounting and will be penny pinchers; (3) some manager...

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