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Is it so uncommon for big companies to evaluate the performance of various divisions independently? If Holtzbrinck recognizes that S. Fischer's activities have
by scythe 9y ago
Is it so uncommon for big companies to evaluate the performance of various divisions independently? If Holtzbrinck recognizes that S. Fischer's activities have caused that subsidiary to start losing money, they will probably modify their opinion. Why would they want to subsidize a losing bet using the profits from other divisions? The fact that two companies are owned by the same holding group does not really mean they are the "same" company, any more than two companies which are majority owned by the same private investors are the same company.
- mcguire 9y agoI would guess most of us outside Germany have no real contact with S. Fischer, but considerable dealings with Holtzbrinck's other subsidiaries.
- teamhappy 9y agoS. Fischer isn't just a independent subsidiary. The company is run by Monika Schoeller (born Monika von Holtzbrinck). She and her brother own large parts of Holtzbrinck and she's listed as a partner and member of the supervisory board on Holtzbrinck's website. (Her brother, Stefan von Holtzbrinck, is the CEO.) > Why would they want to subsidize a losing bet using the profits from other divisions? Because owning S. Fischer, Rowohlt and Droemer Knaur means owning a large chunk of the german book market.