These economies of scale make sense "when buying office supplies or accounting services, but their layers of bureaucracy" come with a cost. Shortly after, Toshiba, based in "conglomerate-loving Japan," and Johnson & Johnson said they were splitting up their sprawling entities, too. In spinning off its medical and energy businesses, General Electric was dismantling an empire that had loomed over U.S. Once-mighty conglomerates have been shrinking for decades, and last week "one of the biggest survivors waved the surrender flag," said David Nicklaus at the St. The smartest insight and analysis, from all perspectives, rounded up from around the web:
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