Big Conglomerates are Heading to Splitsville
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 22 November 2021
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Monday, November 22, and we're looking at General Electric vs. Toshiba.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
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| 0:49.2 | Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this November 22nd. |
| 1:07.6 | Happy Monday, everyone. |
| 1:09.0 | When it comes to companies, you'd think bigger often means better. More employees, more products, more revenue, right? But managing all of the moving parts that come with operating a massive multinational conglomerate, that can be, to put it lightly, a challenge. So much so that a few massive corporations recently announced they're heading |
| 1:28.8 | to Splitsville, dividing themselves into smaller, more manageable companies, pairing down, shedding weight, |
| 1:35.0 | or, for all of you Taylor Swift fans out there, breaking up and never ever getting back together. |
| 1:40.4 | Forgive me. General Electric dispenser of washing machines, airplanes, and financial advice, |
| 1:46.2 | among other things, was once a symbol of American business power to the rest of the world, |
| 1:51.0 | according to Reuters. Alas, it costs a lot to be powerful, and GE has been trying to pare down |
| 1:57.2 | its debt for years now. It sold its appliance business in 2016, and last year it |
| 2:02.4 | parted ways with the light bulb business that it's owned for 129 years. That's a big deal for a company |
| 2:08.7 | co-founded by Thomas Edison himself. But unloading those assets wasn't enough to stabilize GE's debt |
... |
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