Article View: alt.folklore.computers
Article #620043Re: Important US technology companies sold to foreigners
From: hanc...
Date: Sat, 03 Feb 2018 19:53
Date: Sat, 03 Feb 2018 19:53
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2532 bytes
On Saturday, February 3, 2018 at 1:53:00 PM UTC-5, Lynn Wheeler wrote: > starting in 80s, large companies started to create separate subsidiary > corporations where they could book profits. posterchild were airlines > where they set up ticket selling as separate corporate subsidiary. Even earlier than that--the Western Union Telegraph Company reorganized in the 1960s to sell computer services from an unregulated subsidiary. The railroads had for years had real estate and other businesses. The Penn Central had numerous holdings. Ironically, it was criticized for that, critics saying the holdings were a distraction to management and disrupted railroad operations. Yet actually most holdings were profitable and helped subsidize the money-losing railroad. (I interviewed at a truck-body/leasing company originally created by the PRR and then owned by Conrail. They had a System/3.)
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