Hints and tips:
...M&A is fundamentally a people’s business. Culture clashes aside, to keep staff from defecting after the acquisition Mizuho will have to stump up for generous retention packages....
...I’m proud of all the things we did. I just wish we had done a little more of the original thing. AE-J: Does this change your business model or your addressable market?...
...News round-up French minister calls for restrictions on flights by private jet (FT) Adani launches hostile bid for Indian news channel NDTV (FT) J&J tries to extend its ‘Texas two-step’ to halt two states...
...sell Russian bank (FT) Banks review relationship with telecoms group linked to Mikhail Fridman (FT) UniCredit warns €7bn at risk in ‘extreme scenario’ of Russia unit being wiped out (FT) Prudential continues...
...BNP Paribas has hired Apoorva Shah, Nomura’s former head of Asian M&A, to lead its UK business....
...Culture is essential to employee retention, and more fragile than many managers realise. It only takes one bad boss to disenchant a team full of talent....
...“Those factors are hindrances to progressing with the opportunity,” they said, and a deal valuing the company between £1.5bn and £2bn would risk becoming a “millstone” around the neck of the ports group....
...So I’m not going to learn golf.” In the immediate crisis that followed Halligan’s accident, Rangan focused on two things: a united leadership group and decisiveness....
...“I’m a carnivore — I’m not a vegan. I’m a predator. But I don’t do anything illegal,” he told the FT in 2002, when asked about accusations of poaching a group from a rival label....
...J&J does not have these problems in Baltimore....
...While her official title was group president and executive creative director, in many ways she was the unofficial face of the brand....
...Companies are being forced to take it seriously or risk losing employees....
...One scoop to start: The AA, the heavily-indebted UK roadside recovery group, has agreed terms of a sale to two private equity groups, Warburg Pincus and TowerBrook....
...A group of asset owners has called on Amazon to scale back its union-busting tactics in Alabama, where a group of warehouse workers are trying to organise....
...lower-priced H&M and Zara....
...Despite the starry shareholder roster — which also includes Sequoia Capital, Permira, Bestseller Group, Ant Group, H&M and even rapper Snoop Dogg — there are still questions around Klarna and its business...
...This is also not the first time Warren has put forward legislation that would rein in M&A activity....
...A Telegram Markets Live chat group is also available....
...A version of this article was first published by Nikkei Asia on October 14 2020. ©2020 Nikkei Inc....
...It’s a hard risk for someone to give you airtime when they’ve no idea what you’re going to do,” says the 38-year-old New Yorker....
...Andrew J Oswald: Weakly. David Owen: Unfortunately unemployment will continue rising, as a central case to between 7-8 per cent, but with a risk of even higher figures....
...Another called possible fines “manageable” for J&J, which is the world’s largest healthcare company. Meanwhile families such as the Fullers live with their loss every day....
...We drive the risk, people lavish praise on us, then it blows up on your watch. What are people supposed to think about you?”...
...“The risk of bringing someone new in is that they just kitchen-sink everything.” Sainsbury’s declined to comment....
...“I’m really excited to watch the Rugby World Cup in a stadium,” he said....
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