If we continue to let the people who led us into the 7th level of economic hell call out directions, we're certain to go over a cliff. Yesterday's announcement that pharmaceutical giant Pfizer was going to buy rival Wyeth is proof positive that there are plenty of corporate leaders out there who just don't get it.
My favorite quote that about sums it all up:
Turning a $70 billion behemoth composed of two giant, different, corporate cultures into a single, nimble, unified force will be a “challenge,” as they say in management-land. It is almost as if Kindler has decided that he can’t be bothered with the difficult work of turning Pfizer around on its own. Instead, he’s just said, “Screw it, I’m going to buy my way out of this.”
