Quote Originally Posted by Neanderman View Post
Proctor and Gamble, who is headquartered in my adopted home town, has spent the last 10 years slowly selling off or discontinuing it's 'second tier' brands and any products that didn't bring in $1 billion (thousand million,
GE did the same a few years back, dumping any business where they were not either Number 1 or Number 2 world wide. These days any consumer products you see with the GE name are probably made under licence. they even bought RCA (founded by GE but sold off for anti-trust reasons) and promptly split it up. Selling the TV set business to Thompson of France, and keeping NBC, Buying Universal studios from Vivendi and then a few years later selling NBC Universal to Comcast. In GE's case they make more from Banking and Leasing than they loose in such manoeuvres.