“This engaging book demonstrates how even very smart businesspeople can make very bad mistakes — and how we can learn from them and so avoid their fate.”

“Billion-Dollar Lessons is an MBA degree in one read. The lessons to be learned from the parade of failed mergers and acquisitions the authors have studied are simple yet engaging and powerful. From creating “devils advocates” to empowering more voices inside of companies, this book offers serious doses of explanation and hope.”

“Carroll and Mui have provided an opportunity to learn from the major mistakes of others, and in doing so they make an important contribution to protecting shareholder value. It is a must read.”

“Baseball is a game of failure…but so is business. In baseball, go 3 for 10 over a career and you’re going to the Hall of Fame. In business, a 70% failure rate will get you into Paul and Chunka’s sequel. This is a book about failures that can and should be avoided. Read, learn, win!”

“Read and learn about the costly mistakes of others; it could save you tremendous time and money. In fact, Billion-Dollar Lessons might yield the best return on any time investment you will ever make.”

“A fascinating compendium of well-researched corporate screw-ups and how to avoid, learn from, and mitigate against them.”

“Replete with thoroughly researched, well-known and not-so-well-known, entertaining but sometimes horrifying stories, Billion-Dollar Lessons should be mandatory reading for every senior manager and public company director.”

“Without question, many M&A deals are driven by haste, ignorance, and hubris, others by real insight and intelligence. Billion-Dollar Lessons gives wise counsel to those who can create or destroy hundreds of millions of dollars of net worth with the stroke of a pen.”

“A thoughtful account of how egos have obscured good business judgment. The business world does not do a good job of using history and facts as a guidepost.”

“Growing and managing successful companies is an exercise that is grounded in pattern recognition. Billion-Dollar Lessons is an amazing collection of case studies—patterns—demonstrating the many ways in which executives and their companies have derailed.”