Monday, July 7, 2008

Yes, we’re terribly sorry! And we won’t do it again. Honest!

A recent international news story tells how China’s Securities Regulatory Commission will now request public apologies from financial advisers of listed companies if returns on mergers and acquisitions fall below 80% of their forecasts. But wait it gets worse! If profit from the deals falls below 50% of their estimates, these poor advisers might get warned or even ordered to report to the authorities regularly. Pretty tough eh? So what happens if the returns fall below 25%?

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