Tuesday, November 16, 2010
Must-Read of the Week: Chinese Takeovers
Forget about Simpson-Bowles: eminently worthwhile and far more entertaining is The Economist's briefing paper on what happens when a Chinese company buys your business. It's a devilish piece of journalism because they sought out a number of leaders of target businesses and let them tell, anonymously, how the sale took place and what life was like thereafter. Teaser: the Chinese often overpay (and just bye the bye--remember what happened to the Japanese when they did that back in the 80s/90s?).