Strategy briefing – Advisors: Value Adding or Expensive Self Interest?
June 10, 2015
When Fred Goodwin spent £71bn of Royal Bank of Scotland’s money on ABN-AMRO in 2007 this was quite possibly the worst acquisition ever made. Although many would argue that the competition is particularly high in this respect! The acquisition effectively bust the bank, requiring the British Government to rescue it. Before doing the deal, Fred …