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Originally Posted by slave no more  They won't be cutting their salaries as this is going to be a partnership. ERAC will remain a seperate yet parent entity of Vanguard (or so it seems). I don't think they want to change anything about the Vanguard name brand or employee situation.... |
I remember a German guy named Jurgen talking about a merging with a company in that same situation about a decade ago... he said it would be a merger of equals. Can't seem to remember the companies involved...but the other was an American one...something in the automotive industry...what were those names again...? Oh yeah, he was talking about how he was going to buy Chrysler, kill off a division, redesign the vehicles to get worse gas mileage, and steal their almost $15 billion in cash. Now I know where I've heard this before.