This is a cultural/incentive problem with big companies. They don't know how to innovate and are afraid to give up control. So they spend their time and resourc

This is a cultural/incentive problem with big companies. They don't know how to innovate and are afraid to give up control. So they spend their time and resources on financial engineering, clinging to the old way of doing business. Restructuring and mergers are the only way they see forward, because they would rather increase profits by replacing employees and removing choice for consumers than by innovating.