Generic Benchmarking: Interclean, Inc.

Compare and Contrast InterClean to Bank of America/Merrill Lynch (Taria Davis) When looking for at the interchangeableities surrounded by the even upts at InterClean subsequently acquiring Envirotech and those that occurred after(prenominal) the merger between Bank of America and Merrill Lynch wizard can see the difficulties that companies face when trying to merge dickens separate operations into atomic number 53 streamlined machine. The deal between Merrill Lynch and Bank of America created one the largest global pecuniary organizations, but it also left the company seeking to dress a way to curb some of the similar functions and having to skin their workforce in order to counter their rising debt caused by the acquisition. InterClean looked to achieve this by conducting a skills inventory and reassigning the workforce as needed. This caused concern throughout InterCleans employees darn it gave the former Envirotech employees entrust that they would be given promotions and/or key positions within the brisk organization. The scene at the new Bank of America has been one of initially looking to lay-off some of the former Merrill Lynch brokers in order to trim down the work-force. Since this initial lay-off, the company has since had to turf out down call centers in three states, which according to the NY propagation (2009), has led to the cutting of 1900 jobs.

By October, the new company even ousted Kenneth Lewis as the Chairman according to reports in the NY Times (2009). This came after months of the chairman coming under fire for the Merrill Lynch merger. For now, Mr. Lewis carcass as the Chief Executive Officer of Bank of America, while Walter Massey replaces him as the Chairman. Hewlett-Packard & Compaq (Laverne Dixon) Hewlett-Packard and Compaq completed their merger May 3, 2002 after pass through some of the shareholders and co-founders (Walter Hewlett and David W. Packard) opposing the deal. The Hewlett-Packard (HP) and Compaq merger faced similar issues that InterClean and EnviroTech faced. Whenever organizations... If you want to get a full essay, order it on our website: Orderessay

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