Mergers and aquisitions in the USA banking Dissertation

Mergers and aquisitions in the USA banking - Dissertation Example For the past fifteen years or so mergers and acquisitions in the world of American banking have increased tremendously. There are a number of reasons behind this, such as increase in competition among the financial institutions, the deregulation of the banking sector and upheavals in the economy as well as the interest rates. The paper studies the impact of the consolidation of banks and its effects on the wealth of the shareholders. Though it is largely thought that consolidation is likely to have a positive effect on the wealth of the shareholders, study has found that it is not the case. Thus the thesis discusses in detail the reasons due to which the financial firms of USA are likely to undergo the process of mergers and acquisitions and its impact on the shareholders’ monetary resources. The sample spaces taken for the project are the mergers and acquisitions of the past ten years. The recent most acquisition in the American banking sector is taken into account (the acqui sition of Golden West Financial by Wachovia in 2006) is studied in great detail. The period from the 1930s to the mid 1970s has been the most stable in the history of the American banking sector (Grullon, Michaely, Swary, 1997). However, causes such as an increase in competition, the deregulation of the banking sector and upheavals in the economy as well as the interest rates of the country has resulted in numerous unprecedented problems for the bankers

Why extrinsic reward systems may not work well in some organizations Assignment

Why extrinsic reward systems may not work well in some organizations - Assignment Example That need hierarchies can differ between organizations, cultures, and indeed, among individuals within the same organization and therefore should not be overlooked by a manager. Rewards must be examined and analyzed in terms of according the right motivation to the employees depending on their needs that majority of the personnel exhibit in the organization. Rewards consist of two types: the intrinsic (personal) and the extrinsic (material). According to the Business Dictionary, an intrinsic reward is an â€Å"outcome that gives an individual internal (personal) satisfaction such as that derived from a job well done† (Business Dictionary, 2010, par. 1). On the other hand, an extrinsic reward means â€Å"common, routine, or known-reward which, because it was expected by the recipient employee, does not lead to his or her greater satisfaction; these are analogous to hygiene factors† (Business Dictionary, 2010, par. 1). Some organizations do not provide incentives that would address to satisfy material needs or lower level needs of the employees (hygiene factors) because while Maslow’s theory suggests that all needs are motivators so long as they remain unsatisfied, in Herzberg’s scheme, only higher-order needs are motivators. In this regard, organizations tend to focus on giving intrinsic rewards such as recognition, advancement, achievement and responsibility that is perceived to be intrinsically rewarding to majority of their personnel in the long