In the Matter of Staples/Essendant, Inc., File No. 1810180 #02988

Submission Number:
02988
Commenter:
Gloriana Casey
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
In the Matter of Staples/ Essendant/ File 1810180: Dear FTC: The trouble with merger upon merger upon merger----is that somewhere along the line, the stock becomes more important than the workers, the public or the republic. Now, mergers can be a good thing in terms of consolidation, but lately with merging being so popular----the value seems to be MERGED out of the company, the product and the workers----and with many investors buying their own stock----this seems to give a false sense of worth. Buying back one's own stock to inflate the price verges on dishonesty for anyone new to this kind of gamesmanship. It usually cuts the workforce too, and very often courts will allow employees retirement money to be forgotten. For those of us, lacking knowledge of this gamesmanship of the marketplace--it does seem to add a slimy sheen to investing. And, in a nation whose debts are growing ever larger in a world fraught with the menace of Climate Change----perhaps squeezing that last drop of blood from each corporate and for sale chicken is a sad thing for any democratic republic to face. Money should not be the first item on the auction of the gamesmanship menu---yes, call me silly, but when a nation works better with investing and growing, all boats as they say, rise with that tide. Unfortunately, as many in America seem to be stuck in very deep mud holes---America is becoming rather lopsided in its benefits to all citizens. PLEASE think long and hard on this: will this merger benefit anyone beyond making more money-----because a nation based on money alone and not the lives of all its people is in a very sad and precarious state indeed. So in closing, I would like to add some bits of Will Shakespeare's mindset: " To MERGE, or not to MERGE ---that is the question. whether tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a future of UNemployment and human troubles----and by opposing---end them!********This undiscovered country from whose bourn, no INVESTOR returns---puzzles the will, and makes us rather bear those ills we have -- than fly to others we know not of. " I go along with Hamlet and Will in this----maybe you should too, : )