[Continuance of "A" case.] Less than a month after the close of the merger between The Bank of New York and Mellon Financial, supervisors at the two companies recognized that plans for combining their asset servicing businesses - and realizing the $180 million of annual cost savings that they had assured Wall Street - were filled with danger.
Senior executives must appraise the seriousness of the dangers and identify alternative ways of incorporating both companies, while safeguarding the technologies that procedure and clear a significant fraction of the world's financial transactions. [Continues with "C" case.]
PUBLICATION DATE: October 27, 2009 PRODUCT #: 210025-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE