You have such a high level of insecurity that morale starts to drop dramatically. Employees are somewhat insecure and concerned.

Sometimes, ... the interest of management and the rest of the employees are not well aligned.

Friendly mergers can really derive leverage and value for the shareholders and for the employees. Both companies will work together to plan an integration strategy, and the value of a merger really only comes in the post-merger integration.

A line has been drawn in the sand, ... it's nowhere near the level [the FTC is] going to put them on in the future.

There is a lot of fear when an acquisition takes place. Most people are fiddling around with their resumes on their computers.

The hallmark of insecurity is bravado.