10-30-2002, 06:46 PM
Normally in these type of combinations, firms that have stronger position lead at the top rankings. We have example of A F Ferguson (AFF) and Coopers and Lybrand (C&L) merger. Although C&L was having strong position in world than Pricewaterhouse however in Pakistan, as AFF was having majority of market share, they practically acquired C&L rather than merging the operations.
In case of Sidat Hyder merger with Ford Rhodes (FRRM), it was also expected that all top managing positions will be held by FRRM partners. But this is not the case as all lead positions (like managing partners for assurance and tax division) went to Sidat partners (which may be due to their experience and strong market reputation).
Considering above,in my views, the merger was good for ex-Sidat Hyder partners but it will not bring smile on ex-FRRM partners.
QV
In case of Sidat Hyder merger with Ford Rhodes (FRRM), it was also expected that all top managing positions will be held by FRRM partners. But this is not the case as all lead positions (like managing partners for assurance and tax division) went to Sidat partners (which may be due to their experience and strong market reputation).
Considering above,in my views, the merger was good for ex-Sidat Hyder partners but it will not bring smile on ex-FRRM partners.
QV
