Memoir from the Conglomeration Days

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By the time we arrived on the scene, “conglomeration” was a dirty word and talk of “synergies” was usually treated as nonsensical magical thinking. So reading about the excitement of the days of conglomerates is educational in the sense that the conventional wisdom and standard business model has often gone very, very wrong. Maybe one day people will ask how we all thought we could keep making money through taking companies private, down-sizing and installing star managers.
On LewRockwell.com today, University at Buffalo finance professor Michael S. Rozeff looks back at the age of conglomeration.

Remembering the Conglomerates
[LewRockwell.com]

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