[voicereason]

If the merger had gone through there also would have been layoffs. That’s one of the major reasons for mergers: lower total labor costs.

In McKinsey speak....the proper term is 'Synergies'.

[dfwgator]

McKinsey is the epitome of evil.

[who_would_fardels_bear]

When the grifting banksters decide to make money off a merger they talk about synergies. When the same banksters decide to grift by splitting up a company they talk about focusing on core competencies.