The whole merger and acquisition thing revved up in the 1980s, after Ronald Regan's administration did a hatchet job on the Securities & Monopolies law, allowing for mergers and acquisitions, they also privatized the utilities, broke up a lot of them, and the health insurance industry.
As a result - hello mergers and acquisitions. Company's got bought up like crazy. My father's company was bought out in 1982, it funded my college education, because he was a partner at the time and shared in the proceeds, he also stayed with the company. Then it got bought out again about fifteen years later. United Telecom was bought by US Sprint, which in turn bought another company, and recently merged with T-Mobile - I think. Then HW Wilson was bought out by EBSCO. Wellpoint bought out the Empire/Blue Cross companies (under Wellchoice).
The mergers and acquisitions create monopolies driving out of business smaller companies. (Halt Catch Fire kind of touched on that - it reminded me a great deal of Oberon, and my brother's dot.com which he had to shutter, and is now working freelance.)
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
no subject
Date: 2022-02-04 09:41 pm (UTC)As a result - hello mergers and acquisitions. Company's got bought up like crazy. My father's company was bought out in 1982, it funded my college education, because he was a partner at the time and shared in the proceeds, he also stayed with the company. Then it got bought out again about fifteen years later. United Telecom was bought by US Sprint, which in turn bought another company, and recently merged with T-Mobile - I think. Then HW Wilson was bought out by EBSCO. Wellpoint bought out the Empire/Blue Cross companies (under Wellchoice).
The mergers and acquisitions create monopolies driving out of business smaller companies. (Halt Catch Fire kind of touched on that - it reminded me a great deal of Oberon, and my brother's dot.com which he had to shutter, and is now working freelance.)
What was yours?