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Corporate Teenage Wasteland (with Aswath Damodaran)

Stay Tuned with Preet

00:00

The M&A Process Is the Most Destructive Process in the World

"I think the M&A, the mergers and acquisitions process is the most destructive process across the world," he says. "You could take every large merger over the last 30 years and you're basically going to get the same result ... almost none of them have created value for the acquiring company shareholders" He adds that Delaware courts have given a blueprint for companies to overpay with this notion of fair value where bankers sign off on it.

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