The CEOs gather on the stage in their smart-looking suits and silk ties. They promise 'convergence' and 'synergy' and to 'better serve our customers'.
So goes the part of the merger that the public is treated to -- the formal announcement.
Behind the deceptively rosy announcements, mergers can be harrowing experiences. One CEO noted that such a massive change can cause an employee's productivity to tumble from 5.7 hours in an eight-hour day to a mere one hour or less.
There have been occasional stories about nasty post-merger rivalries between employees, and even stories of outright chaos, such as the overlooked fact, in one case, that one airline's food trays didn't fit in another's galleys.
Anybody have any real-life stories to share?