Large banks dug their own graves with mergers and takeovers, Dutch professor business-spirituality and jesuit Paul de Blot said today in Dutch newspaper het Financieele Dagblad.

During mergers and takeovers vital business components are often sacrificed, causing the enterprise to lose part of its soul, the professor claims. Executives should realize that the true capital of an enterprise are the people. Undermine their strength, and banks are doomed. “I liken it to losing an arm or a leg. Someone never really recovers from such a thing.”

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