The Great Unraveling: Why We're Still in Trouble

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.”

Comments

[Paul]

I'm sorta curious on what your take on the trillion dollar bailout/stimulus package is. There's a line of thought I hear more often that the New Deal actually prolonged the depression. I'm not sure if I buy it or not. When your talking about a trillion, there is enormous room for waste and fraud. If it works, God Bless him. If I get a check it's going to pay off a bill, get my car repaired and maybe a dinner out.