TM - August 2008 - (Page 52) dashboard by John Koob Mergers and Acquisitions 2008: Don’t Leave Employees Behind The media reports almost daily on some new merger or acquisition. Whether an organization is on the cusp or is fully embroiled in one, talent leaders are in a perfect position to provide valuable, peoplecentric information that can help float an organizational transition. Results from recent Towers Perrin/Cass Business School research tracking values created during the past three global merger and acquisition M&A cycles shows that, contrary to conventional wisdom, 2008 may be the best time to complete a deal. Why 2008 Appears so Promising The Towers Perrin/Cass Business School study examined the two prior merger waves (1988-1990 and 1998-2000) and looked at the performance of companies before and after peak years of the cycles. It shows, on average, deals done in the year following the peak create more shareholder value than those completed during the upswing or peak years of the wave. This was true of all deals, though research focused on those between $400 million and $1.5 billion in size (adjusted for inflation). It appears 2007 was the peak year of the current wave of M&A activity, suggesting 2008 remains a good time to proceed with a deal. Timing is important, but it isn’t the only consideration. The success of any merger, acquisition or restructuring, large or small, is as much about people and organizational culture as it is about timing and financials. More M&A deals fail because of irresolvable cultural issues than because of deal fundamentals. Business growth and 52 August 2008 talent management magazine www.talentmgt.com
Table of Contents Feed for the Digital Edition of TM - August 2008 TM - August 2008 Editor's Letter Contents Human Performance Leading Edge Foundations Global Background Screening Does Global Assessment Work? Global Total Renumeration: Creat One Organization Border Insecurity: Immigration Reform and Talent Management The Global Workforce: Communication Across Cultures Around the World in How Many Days? Insight: Exelon: Performance Under Pressure Special Report: Perspectives on Managing People Application: Reinventing Sales Rewards at Motorola Dashboard: Mideast Meets West Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind Editorial Resources Advertisers' Index Full Potential TM - August 2008 TM - August 2008 - TM - August 2008 (Page Cover1) TM - August 2008 - TM - August 2008 (Page Cover2) TM - August 2008 - TM - August 2008 (Page 3) TM - August 2008 - Editor's Letter (Page 4) TM - August 2008 - Editor's Letter (Page 5) TM - August 2008 - Editor's Letter (Page 6) TM - August 2008 - Editor's Letter (Page 7) TM - August 2008 - Contents (Page 8) TM - August 2008 - Contents (Page 9) TM - August 2008 - Human Performance (Page 10) TM - August 2008 - Human Performance (Page 11) TM - August 2008 - Leading Edge (Page 12) TM - August 2008 - Leading Edge (Page 13) TM - August 2008 - Foundations (Page 14) TM - August 2008 - Foundations (Page 15) TM - August 2008 - Global Background Screening (Page 16) TM - August 2008 - Global Background Screening (Page 17) TM - August 2008 - Global Background Screening (Page 18) TM - August 2008 - Global Background Screening (Page 19) TM - August 2008 - Global Background Screening (Page 20) TM - August 2008 - Global Background Screening (Page 21) TM - August 2008 - Does Global Assessment Work? (Page 22) TM - August 2008 - Does Global Assessment Work? (Page 23) TM - August 2008 - Does Global Assessment Work? (Page 24) TM - August 2008 - Does Global Assessment Work? (Page 25) TM - August 2008 - Does Global Assessment Work? (Page 26) TM - August 2008 - Does Global Assessment Work? (Page 27) TM - August 2008 - Global Total Renumeration: Creat One Organization (Page 28) TM - August 2008 - Global Total Renumeration: Creat One Organization (Page 29) TM - August 2008 - Global Total Renumeration: Creat One Organization (Page 30) TM - August 2008 - Global Total Renumeration: Creat One Organization (Page 31) TM - August 2008 - Border Insecurity: Immigration Reform and Talent Management (Page 32) TM - August 2008 - Border Insecurity: Immigration Reform and Talent Management (Page 33) TM - August 2008 - Border Insecurity: Immigration Reform and Talent Management (Page 34) TM - August 2008 - Border Insecurity: Immigration Reform and Talent Management (Page 35) TM - August 2008 - The Global Workforce: Communication Across Cultures (Page 36) TM - August 2008 - The Global Workforce: Communication Across Cultures (Page 37) TM - August 2008 - Around the World in How Many Days? (Page 38) TM - August 2008 - Around the World in How Many Days? (Page 39) TM - August 2008 - Around the World in How Many Days? (Page 40) TM - August 2008 - Around the World in How Many Days? (Page 41) TM - August 2008 - Insight: Exelon: Performance Under Pressure (Page 42) TM - August 2008 - Insight: Exelon: Performance Under Pressure (Page 43) TM - August 2008 - Insight: Exelon: Performance Under Pressure (Page 44) TM - August 2008 - Insight: Exelon: Performance Under Pressure (Page 45) TM - August 2008 - Special Report: Perspectives on Managing People (Page 46) TM - August 2008 - Special Report: Perspectives on Managing People (Page 47) TM - August 2008 - Application: Reinventing Sales Rewards at Motorola (Page 48) TM - August 2008 - Application: Reinventing Sales Rewards at Motorola (Page 49) TM - August 2008 - Dashboard: Mideast Meets West (Page 50) TM - August 2008 - Dashboard: Mideast Meets West (Page 51) TM - August 2008 - Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind (Page 52) TM - August 2008 - Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind (Page 53) TM - August 2008 - Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind (Page 54) TM - August 2008 - Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind (Page 55) TM - August 2008 - Dashboard: Mergers and Acquisitions 2008 - Don’t Leave Employees Behind (Page 56) TM - August 2008 - Advertisers' Index (Page 57) TM - August 2008 - Full Potential (Page 58) TM - August 2008 - Full Potential (Page Cover3) TM - August 2008 - Full Potential (Page Cover4)
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