Avoiding the loss of a gain: Retaining top managers in an acquisition
研究了并购后高层管理者流失这一重要但研究不足的人力资源问题，提出保留与否应视整合策略而定，并讨论了影响决策的因素及相应的人力资源策略。
Abstract The turnover of management following a merger or acquisition is a significant, yet understudied, human resource issue. We propose that the relevant HR question is not merely how to retain top managers, but of equal importance, whether or not top management retention should be an objective. We present a model that integrates the retention process with the overall integration strategy being pursued by the acquiring firm. The model prompts a discussion of those factors that influence the decision as to whether the top management of the acquired firm should be retained. We conclude by identifying appropriate HR tactics for managing the retention process.