Don't Know Why Every Merger Ends in Tears Titelbild

Don't Know Why Every Merger Ends in Tears

Don't Know Why Every Merger Ends in Tears

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 In this episode, we talk about something that sounds extremely boring but is secretly responsible for a lot of the world being the way it is: terrible mergers and acquisitions. Having briefly survived a career in finance, we try to explain why corporate mergers are almost never about innovation, efficiency, or "shareholder value", and are almost always about a handful of executives making obscene amounts of money while everyone else pays the price. Despite the existential dread baked into all of this, the episode is full of comedy commentary, quirky insights, and offbeat learning that tries to make sense of why these corporate decisions keep repeating themselves. It's lighthearted education only in the sense that we're laughing so we don't scream, bouncing across random topics like climate change, healthcare, beer, and why "cost savings" is just a polite way of saying "people will suffer." If you've ever wondered why things keep getting more expensive, worse in quality, and harder to access while CEOs keep getting richer, this episode might help connect the dots. Important links: 1. ⁠LA Times article on Exxon and Mobil merger – https://www.latimes.com/archives/la-xpm-1999-dec-16-fi-44386-story.html 2. ⁠Pre-merger SEC filing of Exxon – https://ir.exxonmobil.com/static-files/b05d422d-f677-4674-9919-dfcd3069dfbb 3. ⁠Post-merger SEC filing of ⁠ExxonMobil – https://investor.exxonmobil.com/sec-filings/all-sec-filings/content/0000950117-00-000929/0000950117-00-000929.pdf 4. ⁠The Guardian on ExxonMobil as the 5th largest producer of GHG – https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change 5. ⁠NPR on ExxonMobil suing their own shareholders – https://www.npr.org/2024/02/29/1234358133/exxon-climate-change-oil-fossil-fuels-shareholders-investors-lawsuit 6. ⁠Report by The Plastic Waste Makers Index – https://www.cnbc.com/2021/05/18/20-companies-responsible-for-55percent-of-single-use-plastic-waste-study.html 7. ⁠One Percent Steps on the Hospital Merger Wave – https://onepercentsteps.com/policy-briefs/addressing-hospital-concentration-and-rising-consolidation-in-the-united-states/ 8. ⁠Article by the American Economies Liberties Project on hospital mergers – https://www.economicliberties.us/our-work/the-harms-of-hospital-mergers-and-how-to-stop-them/ 9. ⁠Study by Washington Centre for Equitable Growth on the implications of hospitals mergers – https://equitablegrowth.org/hospital-consolidation-and-rising-health-care-prices-lead-to-job-losses-for-u-s-workers/ 10. ⁠About the washing powder cartel case – https://www.bbc.com/news/business-13064928 11. ⁠Stand Earth's report on P&G destroying the world – https://stand.earth/wp-content/uploads/2022/10/2021-proctergamble-controversyreport-standearth.pdf 12. ⁠Article from the Atlantic titled The Downsides of 'Efficiency' – https://www.theatlantic.com/business/archive/2017/03/mergers-efficiency/518031/ Don't Know, Do Care is the brainchild of Ashmita, Sandy, and Prakhar, three friends from different backgrounds and interests. Ashmita works in sustainability, Sandy's an entrepreneur (puke) who'd rather not be, and Prakhar works with Sandy and is just trying to make sense of it all. Three mildly confused friends, one weirdly specific topic each week. We don't know much, but we care just enough to talk about it for up to an hour each week. Don't Know, Do Care is produced by "Ghar Pe Productions", edited by Prakhar and Sandy, critiqued (thoroughly) by Ashmita, and enjoyed mostly by our friends. Thanks for giving us a listen!
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