Thursday, March 17, 2005

Mergers & Acquisitions Feel Heat Of Corporate Governance

As former chief executives are punished for crimes and misdemeanors, current executives are playing it safe when it comes to buying attractive-looking assets.

Merger strategy at Tyco International Ltd. (TYC) and the former WorldCom Inc. has been a central issue at the trials of both former chief executives Dennis Kozlowski and Bernard Ebbers - in particular whether or not the respective spending sprees had any intrinsic value.

See full Article.