ABSTRACT
The company intends to excel in both retail and capital markets. In light of the continuing struggle to find better ways of helping investors develop longer-term investment outlooks that permit managers to formulate and implement longer-term corporate strategies, this chapter considers the history of equity financing. Brokerage firms developed, packaged, and arranged ever more creative financial deals, continuing the flow of commissions to brokers and revenues to the brokerage houses while spurring corporations to bend over backward to achieve short-term returns. The company had positioned itself beautifully to take the glamour and growth stocks of Wall Street to middle America, and in keeping with financial practices of the era, it saw mergers and acquisitions as a quick route to both glamour and growth. American businesses' renewed and intensified passion for mergers and acquisitions began to raise questions among investors as disastrous combinations began to occur.
