First the Merger, Then the Mess

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/27/AR2005102702508.html
Author: Pearlstein, Steven
Source: The Washington Post
Year: 2005

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Abstract:

It wasn't many years ago that Wall Street sharpies were out peddling the idea that professional service firms could smooth out their earnings by maintaining a healthy mix of government and nongovernment business, which tend to move in different cycles. Corporate executives embraced the concept and embarked on an acquisition spree, generating untold fees for Wall Street. But Wall Street fads are as perishable as a green banana.