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The telltale signs of this situation have been obvious since 2005 when the company’s CEO was forced out in an accounting scandal.
The signs of a good acquisition are when the buyer says (a) this will change our way of doing business (b) we will operate this in a seperate environment so it can develop its own market approach (c) we will monitor progress and look to adopt learning from this new acquisition in our existing business.
The price CBS paid appears high – but what is the right price for survival?
The airline leaders aren’t stupid (even though it may appear that way to us travelers sometimes). Instead they are Locked-in to the point they have limited their options for solutions to a very few – which may not save them.
the executives say "no one could have expected this" and make excuses for their poor performance.
The amazing thing was that anyone ever believed this acqisition was going to be good for anyone.
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