Wednesday 31 October 2012

No kidding: The Sprint buyout is actually good for you

Blockbuster mergers and acquisitions in technology are often bad news for everyone except the investment bankers who reap huge commissions on even the stupidest deals. Workers lose jobs, consumers lose choice as a competitor disappears, and shareholders often get stuck holding the bag. Hewlett-Packard, for example, laid off more than 24,000 workers after it purchased EDS and later took a stupendous write-off.John Grisham Rachael Ray Dave Chappelle Larry the Cable Guy Tyra Banks George Lopez Regis Philbin Serena Williams Ryan Seacrest Wolfgang Puck

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