Economy
Why troubled mergers rely on the word synergy
HERE’S THE INTERESTING PART
Whenever two massive, failing companies decide to merge, they invoke the mystical power of 'synergy.' It is an aggressive boardroom buzzword claiming that one plus one will miraculously equal three. In economic reality, it strictly serves as a blanket excuse for executives to justify exorbitant acquisition premiums and aggressively lay off thousands of overlapping staff.
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