Peter Marsh, "Arcelor succumbs to Mittal," Financial Times (U.S. edition), 26 June 2006, 1.
An historian's occasional, random thoughts on the state of capitalism or on aspects of life in an Upper Midwestern university town. Often stimulated by a morning's read of the newspapers. These are actually notes to myself that replace my ("so last century") clippings files, but you're welcome to listen in.
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Monday, June 26, 2006
Does shareholder culture matter?
Finally, it seems, the long tussle between Arcelor and Mittal is being resolved. The concept of management culture is a familiar one, and the challenge of merging very different management cultures has long been recognized as a risk factor affecting the success of a merger. But do shareholder cultures matter in a similar way? Judged by the voting-rights provisions in their articles of association, Arcelor and Mittal occupy opposite ends of the prevailing spectrum of governance structures, so the merger, if it is consummated, will offer a good test.
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2 comments:
Is this part of the discussion you were referring to in class about your upcoming book?
Nice post.I am looking forward for new ones, keep up the great work.
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