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Bethany McLean - Enron, FTX, 2008, Musk, Frauds, & Visionaries
Dwarkesh Podcast
Deal Making for Its Own Sake
There's a lot of deal making in corporate America that has the same frenzied quality. Most M&A transactions don't result in increased value for shareholders and most synergies, most produce synergies never materialize. Just getting bigger for the sake of getting bigger is not just limited to people who are committing fraud. But also the power of one individual to shape a company's culture can enable bad behavior.
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