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Re:Goldman Sachs and the $580M Black Hole (2012) by at5 on Friday January 29, 2016 @11:39AM (#10996239)
100%. Many boards think that by getting Goldman or Morgan you're covering your ass. They don't realize that unless you're atleast $1BN in size they really are not incentivized to do a thorough job. Why? Because M&A deals are priced off a % fee grid (50bps to ~2% depending on the deal). 2% on 580 doesn't shift the dial for Goldman.

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