Comments on: Drug maker Wyeth now called Pfizer http://whyy.org/cms/news/health-science/2009/10/16/drug-maker-wyeth-now-called-pfizer/20272 News and Information from WHYY in Philadelphia Mon, 19 Dec 2011 23:50:34 -0500 hourly 1 http://wordpress.org/?v=3.0.4 By: Tom Hammer http://whyy.org/cms/news/health-science/2009/10/16/drug-maker-wyeth-now-called-pfizer/20272/comment-page-1#comment-797 Tom Hammer Sat, 17 Oct 2009 16:31:35 +0000 http://whyy.org/cms/news/?p=20272#comment-797 How does this merger help anyone? I don't see how it helps: --consumers (less competition) --research (less total research facilities) --employees (15% or so will be laid off) --local economies (see above) --the newly formed company (huge mergers historically almost always perform poorly) The only people who apparently benefit are the people who arrange the mergers and who profit from the actual very short term big fees generated by such a merger. Another example of greed overcoming the public good, as far as I can see. How does this merger help anyone? I don't see how it helps:

–consumers (less competition)
–research (less total research facilities)
–employees (15% or so will be laid off)
–local economies (see above)
–the newly formed company (huge mergers historically almost always perform poorly)

The only people who apparently benefit are the people who arrange the mergers and who profit from the actual very short term big fees generated by such a merger. Another example of greed overcoming the public good, as far as I can see.

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