Word: spun
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That's certainly the case with British retailer Kingfisher, which mainly runs home-improvement stores in the U.K. and France. Last year, Kingfisher spun off its Woolworths general merchandise stores, and there is now intense speculation - not denied by Kingfisher - that the retailer will rid itself of its electronics group, which includes Comet in the U.K., Darty in France and other chains in Belgium, Germany, the Netherlands and Eastern Europe. Diageo wants to offload Burger King, the fast-food chain it has owned for about 13 years, to concentrate on alcoholic beverages...
...department’s areas of specialization gain professors and other resources, they could be spun off as degree-granting committees—and eventually as their own independent departments. Such departments could use the Department of Afro-American Studies as an excellent model for the sorts of programs they should try to offer in each of the ethnicities under their purview...
...corporate carnage is beginning to take some particularly odd twists. Consider oil-field-services company Halliburton. Its Dresser Industries subsidiary, which was acquired in 1998, may still face 200,000 lawsuits from a unit, Harbison-Walker, that was spun off in 1992 and that declared bankruptcy on Feb. 14. Then there is Viacom, which, via its purchase of cbs in 2000, inherited Westinghouse Electric's 130,000 lawsuits. When Dow Chemical bought Union Carbide last year, its executives were well aware that they would be inheriting litigation--but didn't expect liability concerns to push its stock down...
...Collins hired a renowned industry talent, Strauss Zelnick, former ceo of BMG Entertainment, who in turn hired a respected Japanese record exec to scout for new pop and rock acts. Ripplewood spun off Denon and other noncore assets and slashed the staff. The building also underwent a makeover, with Sheryl Crow on video screens in the lobby alongside posters of young artists like Kiyoshi Hikawa and Charcoal Filter...
...don’t think that Silicon Valley was planned by anyone. There was no central planning, and even then many feel it has spun out of control,” he says...