How less than stellar boards impact the outcomes of mergers and acquisitions.

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    The Financial News of London recently printed an article where Warren Buffett discusses the importance of a boards responsibility to focus on shareholder value. If this premise is true why are less than stellar boards tolerated during periods of loss shareholder value that is due in large part to failed M/A activities. Why do board members have a high level of tolerance for approving and supporting the M/A failures of integrations syngeries?

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