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Old September 29, 2011, 05:16 PM   #1165
Crosshair
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Join Date: December 16, 2004
Location: Grand Forks, ND
Posts: 5,320
Quote:
What corporate America learned decades and decades ago is that there are tremendous cost savings and efficiencies to be gained by consolidating.

If you have three corporations like three banks, each one of those companies has a management structure, their own marketing organization, their own IT department, etc...

When one bank buys the other two, they can reduce the number of people needed, they have only one marketing department, IT department etc...
That only works to a point until you run into the economic calculation problem and fall victim to smaller and more nimble competitors.
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