Compass Report--The State of M&A

Consider the problem of a consolidator. It buys a company and suddenly the former owner/CEO is a millionaire. His wealth is no longer tied up in a printing company and his motivation has changed.

Some will operate in a spirit of pride to continue growth and good company performance. Others will resist the controls imposed by the consolidator and gradually escape to the golf course or fishing hole. Still others will be offended, and hence less motivated, when they are no longer considered able to make decisions they made routinely in the past.