I don't pretend to be an economist, but I am always mystified when I read about the big conglomerates (WPP, Omnicom, IPG, Publicis) buying up hundreds of new media companies for millions of dollars, after which the founders of these companies take their new found riches and go off and start something else. Meantime the conglomerates eviscerate the companies they have just bought by making them conform to their rigid, top heavy management style, so stifling exactly the innovation and entrepreneurship that attracted them to them in the first place. The conglomerates then proceed to lay off most of the staff of the new company before folding them into one of their BDA's, where they soon disappear. The conglomerate then goes off and repeats the same exercise. As I said, I'm no economist, but it sound incredibly stupid to me.
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Ya got that right, Yogi!
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