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A critical determinant of merger success is post-merger integration.
Much of Lehman's merger success was structured around leveraged buyouts, a business yet to recover.
Another survey indicates that 50% of executives view corporate cultural fit as critical for merger success, and that one quarter of executives view deficiencies in cultural fit as a crucial driver of merger failure.
Is there something we could be doing better?" Merger success is hinged upon your employees' understanding that they are in good hands.
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In recognition of his service, particularly his crucial role in making the merger a success, he was named Chairman Emeritus in 2000.
Mr. Hewlett's campaign of opposition has focused investors, analysts and the company on the many hurdles that must be overcome to make the merger a success.
Because a merger's success relies in part on preserving positive feelings among customers and employees, it's smart to pursue a branding strategy that explicitly seeks to transfer equity from both merging companies to the new one.
Not only is he working hard to make the merger a success; he is also trying to focus the company's attention more strongly on marketing.
He had previously put $24 million into open market share purchases at much higher prices and felt that a $30 million exposure on his own money was sufficient incentive for him to make this merger a success.
In a telephone interview today from his offices in Burbank, Calif., Mr. Eisner listed a number of accomplishments, despite the lagging share price, that he will point out to investors on Tuesday: the successful merger with Capital Cities/ABC, the success of Radio Disney, two new theme parks and the acquisition of a host of cable channels.
Already knighted, the merger's apparent success led to his being recommended for a life peerage in 1999.
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