The Secret To Avoiding Verizon's Fate And Preventing A $4.6B Hit [Forbes]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Forbes
(AP Photo/Mark Lennihan) photo credit: ASSOCIATED PRESS Verizon, the parent company of Oath, announced that 10,400 employees are accepting a separation package at a total cost of more than $1 billion. They will write down the value of Oath by $4.6 billion as part of a reorganization. Using familiar business-speak, the Verizon chief financial officer said, “The leadership team at Oath is focused on returning to revenue growth by completing the integration of the legacy AOL and Yahoo! advertising platforms by year-end, implementing initiatives to realize synergies across all of our media assets and building services around our core content pillars of sports, news, finance, and entertainment.” In the world of deals, situations like this are common. Overconfidence about what a newly formed business can achieve is rampant but hardly ever noticed, never mind acknowledged. Realizing synergies is too often more dream than reality. Given the rate at which acquisitions f
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