How do finance executives perform due diligence, much less kick the tires, in order to buy another company — in the middle of a raging pandemic?
It seems necessity is the mother of invention. Third-quarter mergers and acquisitions reportedly rang up $1 trillion worth of deals globally.
The secret to success, The Wall Street Journal reported, is that finance execs got used to signing deals with people they may never even meet. To pull that off, they have had to use the tools of the pandemic, such as Webex, Microsoft Teams and Zoom.
Executives have even done factory tours via video calls. While that may be extreme, execs are actually gaining better access to a target company’s books. Read more…..
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Ray Dalio is the founder, chair and co-chief investment officer of Bridgewater Associates, a global leader in institutional portfolio management and the largest hedge fund in the world. In this talk, Dalio shares the unconventional principles that helped him create unique results in life and business — and which any person or organization can adopt to better achieve their goals.