Up for Debate: Return of large mergers

Friday, February 15, 2013 at 1:44am

Do you believe the recent announcements of two major corporate mergers, which could signal a trend back to such deals, are a good thing for business or a return to troublesome business practices?

Filed under: City Voices
Tagged: Up for Debate

193 Comments on this post:

By: Loner on 2/15/13 at 5:45

Good morning, Nashville.

Could there be a less interesting, more boring topic to discuss? I mean, who knows? And for a lot of us, who cares?

Of course, our Grey-Poupon-stained homeless troll will have something asinine to say on this subject...I'll just sit back for a while and see how this unfolds.

By: gdiafante on 2/15/13 at 6:21

I think mega-mergers are not only interesting, but directly effect all of us. Or do you not remember the to-big-to-fail banks? It seems to me, as usual, we haven't learned anything from 2008.

By: Captain Nemo on 2/15/13 at 6:53

I think it would depend on who merged with who Some will be good and others not, but I am with gdia. Beware of too big to fail.

By: Rasputin72 on 2/15/13 at 7:12

These mergers are a benefit to only a small group of people. This has always been the case. It is how the 1% is set apart. For the general public mega mergers are intended to strengthen the ability of the mega-merged company to either shore up pricing or to reduce competition.
A perfect example is the U.S.Air/American Airlines merger. This is all about price control of tickets. The public pays.
This is nothing new in my lifetime. The Jewish boys on Wall Street call the shots in the street and in Washington. The contributions made to both the Democrats and the Republicans for keeping their hands off of Wall Street is something the common man and the underclass have not yet found a way to penetrate.

By: Rasputin72 on 2/15/13 at 7:20

LONER.......The grey poupon stained homeless troll says to those that are less fortunate both intelletually and financially.

THE BIG DOG ALWAYS EATS while the underclass raves on about their circumstances.The only people who are listening to these rants are other underclass the less fortunate the genetically deprived and the saddest of all, the hard working common man.

The people you elect are listening to the Jewish Wall Street boys. They learn very quickly that the dollar is what makes for the good life. Good intentions get buried very quickly. This has been going on since the beginning of man.

By: Captain Nemo on 2/15/13 at 7:24

Did any of you see this?

http://www.cnn.com/2013/02/15/world/europe/russia-meteor-shower/index.html

By: gdiafante on 2/15/13 at 7:26

It's easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of heaven.

Raspy, challenged to prove this as incorrect, misunderstood and proceeded to enter the anus of a camel with his pin-like appendage. Raspy and the camel are still together, very much in love.

And that, is a Valentine's story worth repeating.

By: Rasputin72 on 2/15/13 at 7:35

Gdiafante, I alway appreciate your flattering remarks. If a camel was my way out of the world you live in I am delighted. There is nothing like going into a grocery or any store knowing that there is absolutely nothing in that store that you cannot afford. It is euphoric.

Love that camel !

By the way, what did the boss say when you told him you wanted a $150,000 raise?

P.S. Today I go for my annual physical. Good health takes precedent over the almight dollar.

By: Captain Nemo on 2/15/13 at 7:39

Here is another look.

http://www.youtube.com/watch?v=QIMKQihoYRI

By: gdiafante on 2/15/13 at 7:43

There is nothing like going into a grocery or any store knowing that there is absolutely nothing in that store that you cannot afford. It is euphoric.

I didn't realize going to The Dollar Tree was such a high. I'll have to try it some time. Personally, I like Publix. They have a killer beer section.

By: Captain Nemo on 2/15/13 at 7:45

This is the crater

http://www.youtube.com/watch?v=Y4_a5JKU-GI

By: Captain Nemo on 2/15/13 at 7:47

There and even bigger one coming closer later today.

By: Blanketnazi2 on 2/15/13 at 7:48

Wow, nice to know he's not concerned about paying for his grocery bill at Sav A Lot. So, Publix has a good beer selection? I'll need to check that out. I'm usually a Harris Teeter shopper because Publix is usually too busy and I hate the parking lot of my local Publix. They do have wonderful produce, though.

By: Captain Nemo on 2/15/13 at 7:50

By: yogiman on 2/6/13 at 9:06

If Rasputin72's is equal to me mentally, that means he is far superior to your mentality.

Raspy old boy you are as smart as yogi.

By: Blanketnazi2 on 2/15/13 at 7:51

Nemo, that's amazing!

By: Blanketnazi2 on 2/15/13 at 7:52

Nemo, there was not mention of fatalities, right?

By: Captain Nemo on 2/15/13 at 7:53

I would not know since I am not a dog, so tell me how does it feel to be the last to eat Raspy old boy?

By: Captain Nemo on 2/15/13 at 7:54

No Blanket, but there are lots of injuries do to flying glass.

By: Blanketnazi2 on 2/15/13 at 7:57

Wow, it had the potential to be much worse.

By: Captain Nemo on 2/15/13 at 7:57

I think Raspy has his head up the Camels ass.

By: Captain Nemo on 2/15/13 at 8:03

The one coming by later is as bigger the Space Shuttle. If it his it would be very bad. Like wipe out Dinosaur bad.

I wonder what old Raspy would do if that happens? LOL

By: Captain Nemo on 2/15/13 at 8:05

If must be so humiliating for Raspy to have yogi defend him all of the time. To be yogi equal.

By: Captain Nemo on 2/15/13 at 8:14

With his head in the public libraries dictionary, Rasputin looks for the big words for his feeble come back.

By: budlight on 2/15/13 at 8:15

What mergers are we talking about? Does the Heinz deal count? Warren Buffett buying up more of American business. Shares of Berkshire Hathaway at over $140,000 per share. How many shares do you own Capt?

There are so many more topics to discuss, but CP always picks the mundane ones.

By: gdiafante on 2/15/13 at 8:15

Don't worry Nemo, it won't hit the Earth.

My guess is that if one's going to hit, it will be in game 7 of the Stanley Cup Finals, in the last minute of the game, with the Preds leading by five goals.

By: gdiafante on 2/15/13 at 8:17

There was a Bond movie in either the late '90's or early 2000's where the villian lectured Bond that there are no nations anymore, just corporations.

Given the amount of lobbying/money/influence thrown at the government from these corporations, that may be quite true.

By: Captain Nemo on 2/15/13 at 8:25

LOL gdia

By: slacker on 2/15/13 at 8:48

Warren Buffet buys Heinz, John Kerry new Sec. of State, Dell to buy Dell and .. fire farmers, Rasp. posts more senseless gibberish, Asteroid hits earth and nature starts over.

By: BenDover on 2/15/13 at 8:49

There used to be logistical advantages with respect to IT, communication infrastructure or central facilities that gave impetus to these deals. Much of this has gone away with the advancement of IT and the Internet. These are no longer driving factors but the artificial, non-value-added barriers to entry to the competition in the areas of Legal and Accounting are on the rise now.

Corporations are gearing up to best deal with new regulatory, personnel and tax consequences that their smaller competitors won't be able to wrestle through. And they are building war-chests to utilize crony influence the small businessman won't be able to wield.

The losers will be small business and the consumer. Again their cure is the cause of much strife among those they purport to wish to help.

By: Captain Nemo on 2/15/13 at 8:58

Thank you Ben for the enlighten post.

I can see corporation taking over the country and running it into the ground.

By: bfra on 2/15/13 at 9:02

slacker -Another good topic, Topps thinks they can erase Pete Rose. They might keep him off of cards & out of the Hall of Fame, but they sure can't "erase" his records. Pete Rose belongs in the Hall of Fame as much as anybody!

By: slacker on 2/15/13 at 9:06

Pete Rose to use gigantic Louisville Slugger to bat Asteroid off earth collision path.... Developing....

By: BenDover on 2/15/13 at 9:08

The big corporations don't care about regulation and legal issues. They thrive on it as barriers to entry to smaller competition. This hurts the consumer and small business... plus it puts a lot of society's economic energy into non-value-added compliance costs.

By: BenDover on 2/15/13 at 9:09

... and still not admitted to Baseball Hall of Fame.

By: Captain Nemo on 2/15/13 at 9:12

A Rouge meteor walks into a gay bar and ask for a….

By: slacker on 2/15/13 at 9:13

Ben, are you saying that whats happening with these mergers, is what was predicted to occur if Romney had been elected?

By: slacker on 2/15/13 at 9:19

bfra, it looks like Pete.. is gonna have to get some pics. of Bud Selig.

By: Loner on 2/15/13 at 9:19

A Rouge meteor walks into a gay bar and ask for a….

Blue Moon....

Ice
2 ounces dry gin, such as Tanqueray
½ ounce freshly squeezed lemon juice
½ ounce creme de violette

Fill a mixing glass two-thirds full with ice. Add the gin, lemon juice and creme de violette. Shake vigorously and strain into a cocktail (martini) glass.

Source:
http://thevioletvixen.blogspot.com/2010/01/tiki-space-cocktails.html

By: Captain Nemo on 2/15/13 at 9:20

I can see the possibility of more mergers and meteor having a big economical effect to our frail lives. Enjoy what you have and don’t make such an ass of yourself as Rasputin.

By: gdiafante on 2/15/13 at 9:21

Considering that the laws passed in 2008-9 have not been vigorously enforced, the result is very predictable, regardless of who is in office.

So, just as in what led to the financial crisis in 2008, we have a government/Wall Street collusion, to the extent that Wall Street doesn't want to be regulated and the government gets too much money from Wall Street to sufficiently regulate as they should.

In other words, business as usual.

By: BenDover on 2/15/13 at 9:21

Absolutely not. Romney wanted to simplify the tax code, eliminate Obamacare and roll back the regulatory strong-arm that kills small business; but these big companies just stroke a check to appease.

Just the opposite would be true with Romney because there would be little advantage to these big mergers.

Too big to fail = big enough to buy favor

Obama's a bigger crony Capitalist than the last 4 Republicans combined.

By: slacker on 2/15/13 at 9:23

exactly

By: Captain Nemo on 2/15/13 at 9:23

LO L Loner

By: Blanketnazi2 on 2/15/13 at 9:25

Ben, Obamacare is a good thing.

By: bfra on 2/15/13 at 9:28

Blanket - With Ben, only if it is Romneycare! LOL

By: slacker on 2/15/13 at 9:29

nazi, Obamacare will have to be completely revised.. and Chicago is a dangerous city.

By: gdiafante on 2/15/13 at 9:31

Just the opposite would be true with Romney because there would be little advantage to these big mergers.

Right. Because Romney's history and actions always favored small business over large. lol

The tax code would not have been simplified under Romney. It won't be simplified under anyone. Congress doesn't have the stones or intelligence.

It would be damned near impossible to repeal Obamacare. That's a nice pipe-dream.

The irony about rolling back regulations is that Congress will only do what Wall Street wants, regardless of who's in office. If they (Wall Street) think it would be an advantage, they'll outspend the small business lobby and get what they want. If they think less regulation would ultimately guide them to a competitive advantage, they'll go that way. It seems to me it's a structural/corruption issue.

Money talks, not idealism.

By: Loner on 2/15/13 at 9:31

Ben, compliance = no added value? How so?

Compliance with USDA regulations in the meat industry, for example, insures that the consumer gets high quality, safe and wholesome beef, pork, lamb...not horse meat from diseased horses. The USDA seal of approval certainly adds value to the product...other examples abound.

Ben, would you return us to the days of "The Jungle", the1906 expose of the meat industry, written by Upton Sinclair?

By: BenDover on 2/15/13 at 9:33

I'm just judging Romney by what he said he'd do GD.

By: BenDover on 2/15/13 at 9:35

Because it's never going to be measured against what would have been, Blanket.

I guess it'll save those people in England and Canada from having to fly to the USA for better health care in the future though.