[LS]

Wait, I really don't understand. How does this have a negative impact on anyone/anything? Just because no other FIRM acquires the FIRM of AA, doesn't mean that no one will take on the accounts or many of the PERSONNEL. Indeed, my accountant has already told me that his firm has seen low level transfers occurring already. Am i missing something?

[untenured]

Am i missing something?

Yes. You're refusing to indulge in the grandfather fallacy, the belief that current uses of scarce resources must be superior to what will follow if those resources are released.

[KC Burke]

Sure, firms come and go all the time. 90,000 people changing jobs in one industry is just a little hiccup.....

....oh, pay checks are nice to have but the Nanny state can provide...

[Almondjoy]

Yes... they are talking about the death of AA and the people employed there.. essentiallly alot of people will be losing jobs.. even the accounts move over to other companies you will still see people falling through the cracks. It's an unfortuante fallout because of Enron and the like's that effects the little man. On a good note, looks like upper AA guys are going to be going to jail for a while.

[TopQuark]

I agree with you. The only difference between you scenario and AA is the synergies, "culture," brand equity associated with that firm. There is not much equity left --- the name has become a liability.

The only aspect that worries me is further concentration in that industry.

[cricket]

"Am i missing something?"

. . .about 85,000 employees. . .