Saturday, May 14, 2016

Mergers & Acquisitions

Dearest Reader,

As you know, there are a lot of tried-and-true metaphors about dating: the catch-and-release of fishing, the job interview, the tennis match--all true and valid in their own right. So now I offer up another one: mergers and acquisitions.

In the business world, mergers happen often and only the big marriages make the news: Time Warner + Comcast (fail), Caribou Coffee + Krispy Kreme donuts (yay!), ESPN + Disney (surprisingly decent). These marriages are done with a lot of forethought and work during the acquisition phase, including getting the regulatory permissions from the government, the baring of balance sheets, and the blessing of stockholders.

Over dinner this week, a friend of mine recently brought to my attention that these same phases apply to dating and ultimately marriage. So let's explore that a little more...

ACQUISITION PHASE: The dating between companies when they explore possibilities is quite the same as the dating between humans. Someone expresses interest, the other responds in kind, and we're off to the races. We try to show our best sides, smiling often, disagreeing rarely--if at all. In order to seem as appealing as possible, we posture like peacocks in order to draw attention to our beauty. As this phase wears on, the real homework begins. Who is this person underneath the pomp and circumstance? Are we really compatible? Are the inevitable flaws that each of us have endearing or are they dealbreakers? (Because, snoring. Let's be real.)

MERGER PHASE: So we've decided to pull the trigger and merge our lives together in matrimony. The snoring is adorable, the bath towel on the floor is tolerable, and thankfully most toothpaste tubes have flip tops instead of loose caps these days--Colgate has finally gotten it right and prevented many an argument in households across America. You go down to the courthouse and secure your regulatory permissions from the county in order to merge. Stockholders (parents, friends) have offered up their blessings (they don't know about the bath towel) and are hopeful for a payout in the form of subsidiaries (grandbabies, grandpups, grand-somethings). The blessed event goes off without a hitch and the honeymoon is bliss. It's coffee + donuts in a sugary swirl of happiness. With a little luck, the business deal is fully complete and we're all sports + Cinderella forever.

BUYOUT PHASE: But sometimes the sugar high wears off and you've been awake next to this person all night, wondering why you thought the snoring was adorable. Maybe the balance sheet excluded the $50K in credit card debt. The addition of subsidiaries has torn apart the parent company. The corporate cultures don't blend. Whatever the reason,  it just.isn't.working. So you talk and decide it's time to part...and now the buyout negotiation begins. Who gets the house, the dog, the credit card debt? How long will it take to re-establish your stake in the market?

Of course, I don't have my MBA and government school didn't cover this, so parts of this metaphor are likely very weak. My apologies to those who are versed in this! But there is some truth here, underneath my snarky language and jaded rhetoric. Still, I maintain optimism--I want to be ESPN and I'm looking for my Cinderella story.

With love,
Leah