Cultural conflicts impacting the Merger

Nationsbank and Montgomery securities

M&A Fit
Lac
k
co m o f cu l CULTURAL LEADERSHIP
t
a s s e p a t i b i l i u ra l MISALIGNMENT STYLE
ss m ty DIFFERENCES
ent

Social Contract
ROMANTIC PROJECTED TO
INEFFECTIVE EMPLOYEE MISMATCHES SUCEED
INTEGRATION MAJOR RESISTANCE
Change and REASONS
resistance

MERGER VIOLATION OF
INDUCED ACQUISITION
POWER AGREEMENT
Organizational STRUGGLES DOOMED TO SUCCESSFUL ON
culture differences FAILURE PAPER-FAILURES ON
IMPLEMENTATION

Economic Contract