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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]
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To: pat mudge who wrote (3825)1/25/2001 7:40:10 AM
From: Dale Baker  Read Replies (2) of 3951
 
If you can bear with another small lecture on how government works, a merger like this is like a seed trying to get up to the surface and sprout.

It starts down in the staff level food chain where people either know the industry or they go out and find out very quickly. Lots of paper is produced with pros and cons usually distilled more and more down to decision memos that go one more step up the food chain.

If a functionary at one level has a point to impose and the authority to do it, it goes back down the food chain for communication to outside parties. If it is really important, the functionary may deal with company brass directly (my experience is foreign policy so I am extrapolating).

Anyway, a certain level of authority is always required to decide a given issue. A merger may need a high-level signoff that wasn't available until the Bush crowd came in. "Acting" functionaries know not to try and make key decisions that politicos (Schedule C appointees) will want to make. They have to live with the new bosses for four years.

I suspect Justice will be happy to let this one through since all the details have been addressed repeatedly. A meeting with the top brass will happen with staff-written decision memos, and probably a brief discussion if there is any reason not to go ahead and say yes.

Then the muckety muck signs the decision memo and the staff weenies do the rest of the paperwork.

Hope that helps.
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