Profitable Service Over Growth for Growth

“James Ling’s LTV, an aerospace and steel giant, eventually went bankrupt. To my conservative mind, it made little business sense for a company to grow simply for the sake of growth.”

“First, at its core banking is not simply about profit, but about personal relationships. And second, the key aspect of any successful merger or acquisition lies in the ability of the new company to provide a beneficial service to its customers. The company has to deliver, or it must try harder until it does.”