very short article. actually doesn’t make sense unless the journalist means that sleep deprivation made c-suits & bankers make stupid decisions like merging or acquiring another group! Maybe if they’d slept over it, they would’ve come to the conclusion that M&A wasn’t the right course of affairs. But what then would M&A departments at consultancies & investment banks do? They gotta do something…like convince their clients that M&As are a good route and that a 24/7, no-sleep, working culture is a sign of hard work.
then again, there’s alot more at work concerning the under-performance of mergers & acquisitions as per the numbers of KPMG indicate. many things are afoot, really and it’d be good for the consultancies to take stock of them instead of leading their clients astray.
