As you have read, sometimes merged companies are not more efficient than they were
Chapter 8, Problem 11(choose chapter or problem)
As you have read, sometimes merged companies are not more efficient than they were separately. In some cases, the chief executive officers (CEOs) who arranged the deal make an enormous amount of money from the merger even though the deal itself does not improve profits. What incentives might a board of directors offer to CEOs to make sure they make deals that pay off in profits?
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