The Dark Side of Dealmaking
Corporations can't stretch their balance sheets and slash expenses in perpetuity to create an illusion of growth for shareholders.
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Ever felt so hungry, it wasn't until after inhaling the entire sleeve of Oreos that you finally processed how much sugar and fat you just recklessly consumed? The titans of Corporate America may be right there with you.
Companies in the U.S. have been gorging on super-sized, debt-heavy acquisitions for more than two years because they are starved for growth and have few alternatives. It seemed to be a phenomenon of 2015 that would cool this year, but the deal space has heated back up again.