Cleaning out my traveling bag, I found a clipping from Redmond Magazine, the Independent Voice of the Microsoft Community. The Editor, Jeffrey Schwartz comments in the November issue on large companies breaking up. This reminds me of a song that goes through my head from time to time (i.e. a couple of times per week). If you are an older person and have never heard it, I hope that you have saved heavily in non-debt, non-equity investments. A change is coming. If you are a younger person, keep going. You will prevail.
The fact of the matter is that too big to fail is too damn big. The anti-trust laws and the regulators are supposed to prevent this from happening. This is just additional evidence that the present and recent administrations are incompetent and, perhaps, corrupt.
But I digress. While Mr. Schartz’s astute editorial mentions HP, Symantec, and and Microsoft, IBM, and many large banks are also in this category. Please stand by. Adjust your set if you think it will help.