Gulf + Western: A Model of Conglomerate Disinvestment
| dc.contributor.author | Harrison, Bennett | |
| dc.date.accessioned | 2020-12-09T02:33:20Z | |
| dc.date.available | 2020-12-09T02:33:20Z | |
| dc.date.issued | 1982-09-01 | |
| dc.description.abstract | [Excerpt] Historically, the great majority of businesses in this industry have been small, and locally (often family) owned. Sometimes a skilled machinist leaves one firm to set up a new one, with a small bank loan and help from family savings. Some of these locally-owned companies are incorporated, for tax purposes, but the mode of management is essentially the same: personal (even paternalistic) and usually relatively informal. All across the United States, during the late 1960s, there was a wave of conglomerate acquisitions of precisely the most successful of these previously independent or small corporate operations. Giants like Gulf+Western, Textron, Genesco, Litton and a hundred others sent buyers into areas like New England and made offers that those small business owners could not refuse. Every sector of the economy was affected: not only metalworking, but also apparel, shoes, department stores, hotels. In the years following the acquisition, a definite pattern emerged. | |
| dc.description.legacydownloads | Issue_1____Article_2.pdf: 1306 downloads, before Oct. 1, 2020. | |
| dc.identifier.other | 1123391 | |
| dc.identifier.uri | https://hdl.handle.net/1813/102404 | |
| dc.language.iso | en_US | |
| dc.relation.ispartofseries | Labor Research Review | |
| dc.subject | Gulf + Western | |
| dc.subject | conglomerates | |
| dc.title | Gulf + Western: A Model of Conglomerate Disinvestment | |
| dc.type | article | |
| schema.issueNumber | Vol. 1, Num. 1 |
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