Incentives are not strategy, they are tactics. Defensive measures.
Business is tough; you need tough guys.
We are not making a capital investment into GM as the first element or condition.
If guys try to make a bigger company for the sake of size, they don't create value in most cases.
Being in a multicultural environment in childhood is going to give you intuition, reflexes and instincts. You may acquire basic responsiveness later on, but it's never going to be as spontaneous as when you have been bathing in this environment during childhood.
Synergies are not only about cost reduction. Synergies can be access to markets, exchange of products, avoiding overlaps, exchange of best practices.