In a sale gone awry, a lesson for other deal makers

Steven Davidoff Solomon writes for The New York Times, February 3, 2015

The prolonged takeover battle for the GFI Group, a New York brokerage firm and clearinghouse, has been littered with missteps by Michael Gooch, its founder and executive chairman, raising the question of why supposedly intelligent leaders time and again do dumb things when they sell their companies.