Ease yourself out by MBO
Large companies tend to follow fashions. The eighties were famous for diversification, with directors looking at businesses with no connection to the existing one and flinging their shareholder’s money around to buy them. They ended up with huge conglomerates. It became harder and harder to see what value membership of the whole morass of businesses added to each individual business. In the nineties recession struck and ‘core business’ became the order of the day. This involved selling off those chunks of the business not seen as strategic and which happened to be, quite honestly, those chunks that were demonstrably not making money.
One of the best examples of this was the empire grown by Saatchi and Saatchi ...