Hometown Advantage? CEOs Tend to Acquire Companies in Familiar Stomping Grounds
UConn Today – Multinational conglomerate Berkshire Hathaway bought CEO Warren Buffett’s struggling hometown newspaper. Amazon acquired Whole Foods, which is headquartered in the same state where CEO Jeff Bezos grew up and owns a home.
New research shows these deals aren’t coincidences. Companies are 2.5 times more likely to acquire firms headquartered in the state where their CEO grew up than similar firms located elsewhere, the study found.
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Upcoming Events
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11/19
Ph.D. Infosession (DocNet) hosted by University of Michigan
Ph.D. Infosession (DocNet) hosted by University of Michigan
Tuesday, November 19th, 2019
05:30 PM - 08:00 PM
Other Univeristy of Michigan
We invite you to join us for a DocNet Recruiting Forum in a city near you!
Each forum will have a panel session where we will give a brief overview of business doctoral programs and the application process. Our panel of faculty and students will discuss topics ranging from finding the right program to being a faculty member at a top business school. At the recruitment fair you’ll have the opportunity to meet university representatives from business doctoral programs across the country.
Register here: https://michiganross.umich.edu/about/events/phd-docnet-event
