“Big mergers seldom work. The evidence is overwhelming. Period. So why do we see so damn many of them? One reason, chronicled in the 12 December BusinessWeek, is captured by this article title: ‘FAT MERGER PAYOUTS FOR CEOs: Whose Interest Is Being Served?’ James Kilts peddles Gillette to P&G. And pockets $165,000,000 for offloading this big, well-run company — i.e., no earthly reason to sell, save King Kilts’ Self-interest. Bruce Hammonds dumps MNBA, takes home $102,000,000…”

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