August 3, 2001, after a hotly contested proxy fight, Wachovia Corporation shareholders voted for the merger with First Union Corporation managers of two banks turned to the problems of integration of the two organizations. Their task was to implement the "merger of equals," which will keep the best of the two former companies in the implementation of the potential savings, operational efficiency and revenue growth, which is justified in the eyes of a combination of shareholders. "Hide
by Carliss Y. Baldwin, Jeremy Swinson Source: HBS 25 pages. Publication Date: August 16, 2002. Prod. #: 903034-PDF-ENG