Hubris "Many managements apparently are overexposed in impressionable childhood years to the story in which...
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Hubris "Many managements apparently are overexposed in impressionable childhood years to the story in which the impreased from the toad's body by a kiss from the beautiful princess. Consequently, they are certain that the managerial kiss will do wonders for the profitability investors can always buy toads at the going price for toads. If investors instead bankroll princesses who wish to pay double for the right to kiss a toad, those kisses had better pack some real dynamite. We've observed many kisses, but very few miracles. Nevertheless, many managerial princesses Source: Warren Buffett, Berkshire Hathaway Annual Report, in Arnold, G. (2013). Essentials of corporate financial management (2nd ed. Pearson Education Limited. Task: Critically analyse the people factors applicable to Company A (acquisitor) that should be examined during the due diligence phase and during the integration phase
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