“Seat’s retirement created an opportunity to merge various businesses including equity capital markets and DBS Vickers with Treasury Markets. I am confident that this merger will provide for greater synergy and enable us to more holistically meet our customers’ needs”
This paragraph says a lot, that change to management and hierarchy can only happen after someone in power is retiring. But why?
If an organization needs to change in order to be successful, why does it have to be hobbled by any one person? And can only institute the change after that person is going to leave?
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