AT&T Co’s problem, having made its bid for NCR Corp, is that it is pursuing a neck-or-nothing strategy and has burned its boats behind it: if the bid were to fail, it would be left with an AT&T Computer Systems in a fatally weakened state because staff are totally demoralised by the prospect that NCR will be free to dump whatever it doesn’t want from the business: things have got so bad that the company is having to offer bonuses to employees that stay for the next six months.
