Election 2016

There’s a Reason Someone Is Supposed to Keep an Eye on Massive Mergers

esquire.comA week ago, Forbes informed us that the IBTimes was going through another brutal round of layoffs in its newsroom, cutting at least 30 people from a staff that already had lost 15 people only three months ago. This strikes me as a shame because the IBTimes, through the work of David Sirota, has been all over an interesting story of crony capitalism involving a massive $54-billion proposed merger negotiated between Cigna and Anthem, two giant healthcare insurance companies, and the involvement in that merger of a good chunk of Connecticut’s political elite, including Democratic Governor Dan Malloy.

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