3 ms·
It does seem that the corporate landscape is less competitive than it once was. If two brands of cereal are owned by the same parent company, they aren't reall
by mitthrowaway2 3y ago
It does seem that the corporate landscape is less competitive than it once was.
If two brands of cereal are owned by the same parent company, they aren't really competitors.
If one hundred parent companies are owned by the same investment index fund, whose management votes on behalf of its investors, are those hundred companies really competitors with each other?
- mrguyorama 3y agoGo look at your cleaning products aisle in your local grocery store. Every single item is created by one of two brands, with a couple items from tiny, niche, lifestyle brands. Every other aisle is the same story. Two or three companies, with a few small groups also throwing a hat in the ring. The grocery store is also owned by one of two companies, with again, a couple small time competitors that haven't been purchased yet.
- mitthrowaway2 3y agoIndeed -- but even those two or three companies might not compete so hard with each other when they are both controlled by the same investment group, whose interest is in seeing the index go up.