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multiple2-Apr-2014productsJessicaWoman99 Bronze Star Survey Creator by votes23154.3%

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Are mergers good for large companies?



VotesAnswer
9Depends
5No
5Other
4Yes


UserComment
Galomorro
posted 2-Apr-2014 8:01pm  
No because people get laid off. This is why I had to take early retirement. I got laid off from a 22-year permanent job (as well as other people) because two companies merged and there were too many people for the workload. I could not get anything but occasional temp jobs then and could not live on what I got from that, so instead of working until age 65, had to retire early, thus making a lot less money than I would have normally. Outsourcing is very bad also. It takes jobs away from people in the US trying to find work. I know cuz I was trying for a couple and they told me they had been outsourced.
cerealkiller Survey Qualifier
posted 2-Apr-2014 11:09pm  
Good for companies, but people lose their jobs.
LJD
posted 3-Apr-2014 2:44am  
I would think not.
Lysannus
posted 3-Apr-2014 4:13am  
Good for companies, usually bad for employees.
I have been through a few and none of them were good for the average "Joe" employee.
FordGuy Bronze Star Survey Creator Survey Qualifier
posted 3-Apr-2014 6:59am  
Most of the time.
bill Survey Central Gold Subscriber
posted 3-Apr-2014 8:00am  
I think mergers are not as good as they may seem to executives. I'm no expert, but we've been somewhat merger-happy for the last couple decades. I don't think the results have actually justified the enthusiasm. I think bigger companies are harder to manage well. And, much is lost in the process. It may look good in a spreadsheet, but there are many bad effect (worker motivation goes down, etc.) Also, from a cultural perspective, very large corporations tend to mean less competition and thus higher prices and less innovation.
dab Survey Qualifier
posted 3-Apr-2014 8:16am  
Even for the companies themselves, never mind the employees, I don't think mergers work out all that well.
JessicaWoman99 Bronze Star Survey Creator
posted 3-Apr-2014 10:23am  
Yes and maybe United Airlines buys Continental Airlines bigger and larger could be better Dish Network and Direct TV
Zang
posted 3-Apr-2014 10:39am  
It depends on what you mean by "good" and it depends on what you mean by "companies".

If "good" means "profitable" and "companies" means "the people who own stock or otherwise gain directly from the profits of the company, rather than receiving salary or wages", then yes, mergers are good (profitable). When large companies form a merger, they effectively reduce competition in the marketplace. This applies to the market for their products and/or services to the consumer, as well as the employment market. In other words, they can charge the consumer more and pay they employees less.

However, if "good" means "that which benefits the majority" and "companies" means "the people who are employed by the companies", then no, mergers are not good. As consumers in a free market system, competition keeps prices low and wages high.
Enheduanna Survey Central Subscriber
posted 3-Apr-2014 10:49am  
Well, they do it a lot, so I guess it must be good for someone.
mysterious_stranger
posted 7-May-2014 10:38am  
Pretty much everything that happens in America these days is good for large companies. And eventually everything will merge into everything else, and there will be one large corporation that runs the world, and whose permission you need to sneeze.
Lysannus
(reply to mysterious_stranger) posted 7-May-2014 12:16pm  
> Pretty much everything that happens in America these days is good
> for large companies. And eventually everything will merge into everything
> else, and there will be one large corporation that runs the world,
> and whose permission you need to sneeze.

And we call that government wry smile
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