In Merging, Charities Do a Disservice to Clients

With Time Warner jettisoning AOL, and General Motors trying to offload Saab, it's clear that despite the profit motive behind most mergers, the challenges are often too complex to overcome. Nevertheless, the nonprofit arena now faces a wave of merger mania as the frigid economy spurs desperate organizations to huddle together for warmth.

A study released in February by the Bridgespan Group, a consulting firm, found that mergers are taking place in the nonprofit world at the same pace

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